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.
Total intermodal pricing, as reflected in the Cass Intermodal Price Index, rose 3.9% year over year in October. This was a 4.8% increase over September levels and it appears that intermodal rates could increase at a low single digit pace in 2014 due to a continuing tightening of the truckload environment.
According to Avondale Partners, “We would note that even with diesel prices falling in recent weeks, our 'all-in' index continues to accelerate in the near term, showing that base rates are improving at a rate that surpasses the lag due to fuel pricing.” They expect the intermodal space to remain competitive, but that costs will increase as more long-haul carriers move into shorter lengths of haul and the truckload market continues to tighten.
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 $23 billion in 2013.
Cass partners with the securities analyst firm Avondale Partners LLC to publish this Index.
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