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 $26 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.
April’s Cass Truckload Linehaul Index rose 3.8% year over year, adding on to the 5.7% year-over-year growth in April of 2014. With demand increasing and capacity remaining tight, we should continue to see contract rate increases filter into our index at higher levels.
Commenting on this index, investment firm Avondale Partners said, “We would point out that contract pricing (which applies to 95+% of the public carriers' freight) has been accelerating after a drawn-out bid season last year. As a result, although spot market pricing has decelerated somewhat (it remains strong), … we see TL pricing increasing between 4% and 9% in 2015, depending on how much rate increase each carrier was successful in obtaining in 2014 and when those rate increases were achieved.”
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 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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or contact Tom Zygmunt at 314-506-5836