The Cowen/AFS Freight Index, which predicts ground transportation costs by analyzing data across transportation modes, will grow to a record-high 27.1% over 2018 baselines in Q2, up from 25.2% in Q1. 

The Freight Index projection for Q2, issued this month by 3PL provider AFS Logistics and Cowen Research, is expected to plateau at 27% as the pace of rate-per-mile increases slows down and market forces, including driver shortages and higher labor costs, begin to soften truckload demand, AFS said.

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