Cass Truckload Linehaul Index
A Measure of Market Fluctuations in Truckload Costs
As the nation’s largest payer of freight bills, Cass manages $25 billion annually in freight spend, enabling Cass to compile meaningful logistics data that serves as an indicator of transportation industry trends. The Cass Truckload Linehaul Index™ is a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials. Cass partners with analyst firm Avondale Partners, who provides the analysis we offer each month.
The Cass Truckload Linehaul Index fell another 2.8% year over year in August after decreases of 1.8% and 1.6% in June and July respectively. This represents six consecutive months of year over year declines in truckload linehaul costs. Analysts at Avondale Partners have adjusted their pricing forecasts further downward to a range between -3% and 1% over the next four quarters, stating that demand continues to soften while truckload capacity has become more available. “While we have been predicting negative pricing, even we were surprised at how weak the August data point was.”
View data points from 2005-present.
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The Cass Truckload Linehaul Index™ is an accurate, timely indicator of market fluctuations in per-mile truckload pricing. The index isolates the linehaul component of full truckload costs from other components (e.g. fuel and accessorials), providing an accurate reflection of trends in baseline truckload prices.
Data within this unique index is derived from actual freight invoices paid on behalf of Cass’ clients, which totaled $25 billion in 2015. The index uses January 2005 as its base month.
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