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.
Continued strength in intermodal volumes pushed the Cass Intermodal Price Index up 3.5% over last August’s levels. As long-haul intermodal carriers move into shorter lengths of haul and the truckload market continues to tighten, it appears that pricing in the intermodal space will continue to be strong.
With diesel prices easing in recent weeks, the ‘all-in’ Cass Intermodal Price index could fall in the near term, despite indication that bases rates are improving. Avondale expects intermodal rates to increase at a low single digit pace in 2014 as a tighter truckload environment offers an umbrella for higher pricing.
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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