The latest TD Cowen/AFS Freight Index projects truckload, less-than-truckload and parcel shipping costs will remain elevated through the third quarter of 2026, with higher fuel prices continuing to push freight rates higher.
The quarterly index found that truckload rates reached their highest level in nearly four years during the second quarter, while LTL pricing climbed to another record high. Parcel costs also remained near historic highs despite growing competition from regional carriers and Amazon.
The report points to rising diesel and jet fuel prices as the biggest driver behind higher transportation costs. It also says tighter truck capacity and continued pricing discipline among carriers are keeping rates elevated even as freight demand remains uneven.
The index is based on transportation data from more than $11 billion in annual freight spend and provides quarterly projections across truckload, LTL, and parcel markets.

