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.
In October, the Cass Truckload Linehaul Index rose 7.3% year over year as rates continue on their upward trajectory. The combination of increasing demand and capacity shortages will continue to push the index higher as effects from this year’s new contract pricing are filtering into the market. Avondale Partners comments, “As a result, although spot market pricing has decelerated somewhat (it remains strong), we are not surprised to see our index continue to post mid-to-high single digit gains and we expect this to continue through 4Q'14. 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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