THE NAX INDEX

Cost, Capacity, Demand, Policy

Breaking down the 4 pillars of The NAX Index
(Cross-Border Freight) 

1. Costs started to move up again, driven by fuel pricing and carrier rate behavior. While cost movement has been more stable recently, pricing pressure continues across cross-border freight. 
2. Capacity has moved well above 50 in recent months, showing that finding available trucks has become more difficult. This points to tighter conditions, where booking shipments may take more time and planning. 
3. Demand has stayed close to the 50 mark, which means freight volumes have been steady. There is no major drop in shipments, but demand is not rising sharply.
4. Policy remains one of the most unpredictable parts of the market. Trade discussions, tariff activity, and changing regulations continue to create uncertainty around cross-border planning and pricing.

What this means for companies shipping between Mexico, the U.S., and Canada? 

• The index has moved above 50 and stayed there, indicating increased relative difficulty in cross-border shipping 

• Trade policy activity remains elevated, adding an element of uncertainty