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.
Truckload linehaul rates for North America maintained their ongoing climb in August, with the Cass Truckload Linehaul Index up a solid 7% over August 2013. The primary factors driving the climb – growing demand and declining capacity – have resulted in higher contract prices after a drawn-out bid season. Spot market pricing also appears to remain strong. Capacity continues to exit the marketplace as increased regulatory pressures, namely EOBRs and Hours of Service changes, push marginally profitable carriers into failure.
Avondale Partners’ outlook remains unchanged: “We continue to expect contract TL pricing to rise 4-6% in 2014, with the higher end looking increasingly likely.”
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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