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.
The cost of truckload shipping continues to rise, as higher contract rates continue to filter into the index. In July, average truckload linehaul rates were 3.6% higher than last year, and 11% higher than two years ago. The analysts at Avondale Partners predict increases of 4% to 9% in 2015.As far as demand, they added in their report that they “expect the decline in industrial freight flows, especially related to oil and gas exploration, to be more than offset by a stronger consumer backdrop” and that they are “encouraged by the current growth streak in dry van loads, which are currently tracking toward mid-single digit growth for 2015, which would be the strongest percentage increase performance since 2010.”
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 $26 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