Shippers are finally experiencing some price relief from trucking costs. The US producer price indexes (PPIs) show that less-than-truckload (LTL) rates dropped 4.7% in August and truckload (TL) rates dropped 1.5%. Even with consecutive monthly decreases, LTL and TL rates are still up by 14.1% and 22% respectively from 2021. Industry experts say that the PPIs point to a market correction in LTL and TL rates, rather than a collapse.
Lower costs for US shippers seen in trucking PPIs, Journal of Commerce, Sept 15, 2022. Accessed Sept 19, 2022.