North American truckload pricing in May increased 1.4 percent from the same month in 2012, but fell 2.4 percent from April, according to the Cass Truckload Linehaul Index.
May marked the first year-over-year decline and lowest point for the year for truckload rates tracked by Cass. The truckload rate index, which uses January 2005 as its base, dropping to 112.1, compared with 112.8 in both January and February, 113.4 in March and 114.8 in April.
Truckload capacity remains tight and tonnage has improved only modestly compared with the second quarter of 2012, Cass Information Systems said.
Meanwhile, North American intermodal costs in May slid 0.5 percent from May 2012 and 3.8 percent from April 2013, according to the Cass Intermodal Linehaul Index, which also uses January 2005 as its base. May was the first year-over-year drop in 2013.
While intermodal volumes are growing, albeit at a slowing pace, container supply is also increasing, Cass Information Systems explained.