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 Price Index fell another 2.0% year over year in May, representing 17 consecutive months of year over year declines. Avondale Partners reiterated in its monthly report that intermodal rates are expected to continue declining for the remainder of 2016 “as the dramatic drop in diesel prices … takes its toll on U.S. domestic demand.” Although they predict that domestic container may grow in the mid to low single digits through 2016, Avondale added “that is dependent upon demand in longer lengths of haul growing fast enough to offset the loss of volume in shorter lengths of haul, particularly in the East.”
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