Q4 2026 Freight Index Forecast
You’ve long used data for forecasting, budgeting and other strategic initiatives. But the volume of data is skyrocketing and one of the great modern business challenges is knowing what data matters and what to dismiss.
Each quarter, AFS collaborates with TD Cowen, a leading full-service investment bank, to bring you current, highly relevant data and insights that matter to your business.

Freight index forecast key takeaways for Q4 2026
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Parcel shipping is on track for its most expensive year on record, with fuel surcharges and seasonal fees driving record highs
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LTL rates projected to exceed 80% above the January 2018 baseline, as elevated fuel costs and disciplined pricing outweigh declining tonnage
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Truckload rates are expected to hit their highest level since Q1 2022 despite limited demand as regulatory enforcement, carrier exits and rising fuel costs tighten capacity
Download the Full Q4 2026 TD Cowen/AFS Freight Index
What is the freight index?
The TD Cowen/AFS Freight Index offers a unique and comprehensive view of both past market performance and rate forecasts for the immediate future quarter, for full truckload shipping, less-than-truckload shipping and parcel shipping, both express and ground.
Massive client historical data and current macro and microeconomic factors are carefully evaluated and selected, with their impact built into our predictive models.