U.S. Trucking Freight Rates Rise Most in Decades

Freight costs in the U.S. continue to mount as supply-chain bottlenecks that include a record number of container ships awaiting berths at ports in Los Angeles and Long Beach show few signs of letting up.

A proxy for U.S. trucking freight rates jumped in October by more than 36% from a year earlier, the biggest annual increase in data back to the early 1990s, according to the latest figures from Cass Information Systems. The calculation is derived by dividing the Cass freight-expenditures index by its shipments gauge.