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 continue to rise. February saw rates that were 2.8% higher than the same month last year. And while, on average, truckload rates fall .5% from January to February, this year only saw a .1% decline.
With demand increasing and capacity decreasing (the last two quarters have witnessed an unusually high number of carriers exiting the business), capacity is tight. The 2014 bid season – which is well under way – is expected to be a tough one for shippers. Transportation sector analysts are forecasting rate increases between 3% and 6% in 2014.
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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