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. Until March 2013, this index was known as the Cass Intermodal Linehaul Index and measured changes in linehaul rates only.
The cost of intermodal shipping continues to rise, with March costs reflecting a 1.8% upsurge over the same month last year and a 2.5% increase from February. Like our truckload index, our intermodal index has also reached a new peak.
The prediction by the transportation analysts at Avondale Partners is that “domestic container shipments will grow at a high single digit rate in 2014, with particular strength in 'local East' shipments.” They added that overall intermodal volumes rose only 2.5% year over year in Q1 2014 (according to the American Association of Railroads), as adverse winter weather hampered volumes across the country.
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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