TD COWEN/AFS
FREIGHT INDEX
You’ve long used data for forecasting, budgeting and other strategic initiatives. But the volume of data in logistics is skyrocketing. In fact, one of the great modern business challenges is knowing what data matters and what to dismiss.
As a service to our clients, AFS collaborates with TD Cowen, a leading full-service investment bank, to bring you current and highly relevant data and insights on a quarterly basis that matter to your business.
Freight index key takeaways
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Truckload rate depression continues, but with some signs of recovery, including rising spot rates and higher tender rejection rates, though overall demand remains low.
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The ongoing stream of carrier pricing adjustments yields mixed results in parcel, reflecting a market reality defined by low demand, intense competition and continued persistent discounting.
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LTL finally shows signs of softening, as rates show a positive year-over-year trend for the fifth straight quarter, but with rate increases continuing to taper off.
Download the Full Q1:2025 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 the forecasted outlook 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.