Freight Rates in U.S. Jump by Most in More Than 15 Years
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The cost of shipping freight in the U.S. continued to rise in August as equipment and labor capacity constraints persisted.
A measure of freight rates jumped 26.6% from a year earlier, the sharpest increase since February 2006, based on the latest figures from Cass Information Systems. The gain followed a 23.8% increase in July and marked the third straight month of acceleration.