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.

November 2014

In November, the Cass Truckload Linehaul Index rose 6.7% year over year. Squeezed capacity and steadily improving demand, spurred by strong industrial production and unprecedented levels of port congestion, continue to drive truckload linehaul costs up for the near term.

According to Avondale Partners, “We would point out that contract pricing (which applies to 95+% of the public carriers' freight) has been accelerating of late after a drawn out bid season. 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 2015, with the higher end looking increasingly likely.”

Cass Truckload Price Index November 2014

Cass Truckload Linehaul Index November 2014

View data points from 2005-present.

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Index Definition

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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Tom Zygmunt