Trucking rate hikes have cooled off a bit: Less-than-truckload rates fell 0.1% from February to March and truckload rates have held steady. Nonetheless, overall rates for trucking and non-air courier services in March rose 0.4% from February levels and jumped 2.9% from March 1998 rates. Higher labor costs are surely one factor behind the boost in rates. Higher fuel costs also may be contributing to the rate hike. After rising 2.6% on a year-ago basis in the first quarter, rates are estimated to be up 2.1% in the second quarter.
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