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 $23 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.
The Cass Intermodal Price Index rose 3.1% year over year in November, which was a slight drop from October’s costs. This year over year growth has slowed slightly from the 3.9% increase in October but still demonstrates a trend towards continued increases into 2015.
With fuel and other costs factored into this index, Avondale Partners points out that base rates are increasing “at a rate that surpasses the lag due to [decreasing] fuel pricing.” They project rates to remain competitive but rising “as ever more long-haul carriers move into shorter lengths of haul and the TL market continues to tighten.”
View data points from 2005-present.
Subscribe to receive the Index monthly.
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 $23 billion in 2013.
Cass partners with the securities analyst firm Avondale Partners LLC to publish this Index.
Other Transportation Indexes from Cass