Cass Truckload Linehaul Index

A Measure of Market Fluctuations in Truckload Costs

As the nation’s largest payer of freight bills, Cass manages more than $23 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.

July 2014

Linehaul rates for truckload shipping continue to rise. On average, North American shippers paid 7.2% more in July of this year than last in their TL linehaul rates. With the concentrated 2014 bid season now over, and 95+% of the public carriers’ freight based on contract rates, it is likely that the new contracts contain significantly higher rates than the ones they replaced.

The message on supply and demand is the same (thus the rate increases): Freight volumes are growing (despite a June decline that should prove to be a brief seasonal dip) and capacity continues to shrink as a high number of carriers are exiting the business. 

Regarding rate expectations, industry analyst firm Avondale Partners stated, “We continue to expect TL pricing to rise 4-6% in 2014, with the higher end looking increasingly likely.”

Cass Truckload Index July 2014

Cass Truckload Index July 2014

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Index Definition

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 over $23 billion in 2013. 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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Frank Cirimele