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 $25 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. Cass partners with analyst firm Avondale Partners, who provides the analysis we offer each month.
The Cass Intermodal Index declined only 0.7% year over year in September, after average monthly decreases of 2.4% over the previous 20 months. Despite this reprieve, Avondale Partners expects intermodal rates to continue their decline through the remainder 2016 as lower oil prices negatively impact U.S. domestic demand. "We have historically observed a high degree of correlation between truckload and intermodal pricing, and know that should truckload rates accelerate in the coming months, intermodal rates would normally follow," Avondale explains. "That said, contract rates for trucking have been losing strength (even going negative in many lanes), which would imply even more potential weakness for 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 $25 billion in 2015.
Cass partners with the securities analyst firm Avondale Partners LLC to publish this Index.
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or contact Tom Bertolino at 314-506-5932