Cass Intermodal Price Index
A Measure of Market Fluctuations in Per-Mile Intermodal Freight Costs
As the nation’s largest payer of freight bills, Cass manages more than $26 billion annually in freight spend, enabling us to compile meaningful logistics data that serves as an indicator of transportation industry trends. The Cass Intermodal Price Index™ is a measure of market fluctuations in U.S. domestic intermodal costs. Cass partners with analyst firm Avondale Partners, who provides the analysis we offer each month.
The Cass Intermodal Price Index dropped another 3.8% year over year in December after declines of 2.4% in November and 3.2% in October. This caps 12 consecutive months of year-over-year declines, a decline that is second only to the 13 months from Dec 2008 through Dec 2009 since the index inception in 2005 (albeit this recent cumulative decline is considerably less than that experienced throughout ‘09). Although analysts at Avondale Partners expect intermodal volumes to grow in the low single digits, they predict “rates will continue to decline in 2016 as the dramatic drop in diesel prices and even more dramatic drop in oil takes its toll on US domestic demand.”
View data points from 2005-present.
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The Cass Intermodal Price Index is an accurate, timely indicator of market fluctuations in per-mile U.S. domestic intermodal costs. The index includes all costs associated with the move (linehaul, fuel and accessorials). It is based on costs as of January 2005 and uses a base value of 100.
Data within this unique index is derived from actual freight invoices paid on behalf of Cass’ clients, which totaled over $26 billion in 2014.
Cass partners with the securities analyst firm Avondale Partners LLC to publish this Index.
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or contact Tom Bertolino at 314-506-5932