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.
Our latest data point shows that total intermodal costs fell 1.9% year over year in April after March’s similar decline of 1.6%. We expect intermodal rates to continue to decline as drops in diesel and oil prices continue to encourage mode shifting to truckload.
Avondale Partners added, “We concede that the extent to which loads can be shifted from domestic intermodal back to over-the-road truck is dependent on trucking capacity, but the ~$0.20 a mile decline in fuel surcharges collected by truckers in the last year (with most of that decline coming in the most recent 4-5 months) has to challenge demand and pricing power for domestic intermodal, especially in shorter lengths of haul.”
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
or contact Tom Zygmunt at 314-506-5836