Truckload prices moved higher in April amid signs of a driver shortage
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The April Cass Transportation Index indicates a rise in truckload prices amid signs of a driver shortage. Freight activity showed modest improvement, with shipments down 4.4% year-over-year but up 0.4% month-over-month. The expenditures component rose 3.5% year-over-year, while the Cass Truckload Linehaul Index increased by 3.2% month-over-month. The report suggests a potential uptrend in linehaul rates due to emerging capacity constraints and new regulations, impacting various transportation stocks including Knight-Swift, J.B. Hunt, and FedEx.
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