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 Association of American Railroads reported that intermodal volumes rose 6.8%, 7.8%, and 8.0% in Oct, Nov, and Dec respectively. Truckload costs are increasing. Inevitably, then, intermodal costs will also rise. In January, total intermodal cost per mile was 1.7% higher than in January 2013.
“Although we expect the pricing dynamic in intermodal to remain competitive and see linehaul rates remaining relatively flat in the near term, we do believe that intermodal pricing could increase modestly in 2014 if truckload capacity continues to be squeezed,” stated the most recent Cass Intermodal Price Index report from Avondale Partners. It added that there is a high degree of correlation between truckload and intermodal 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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