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Truckload Rates Rise Despite Shipping Volume Decline in June

Trucking expenditures climbed in June as higher linehaul rates and fuel surcharges offset weakening freight volumes, according to Cass Information Systems. Multimodal shipments fell 4.1% year-over-year, an acceleration in the decline. The truckload linehaul index increased 5% year-over-year. The expenditures index surged 11% as retail diesel fuel prices jumped 40% annually. Capacity constraints remain the primary driver of rate increases, with tender rejection rates indicating a tight market. Intermodal segments showed double-digit growth, though the broader trucking-focused index failed to reflect these gains. J.B. Hunt Transport Services (NASDAQ: JBHT) reported market share gains and heightened shipper interest in intermodal and dedicated capacity. This followed regulatory changes affecting broker liability. Analysts expect volume recovery later in 2026 as fuel prices moderate and inventory levels tighten.