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.

June 2015

The Cass Truckload Linehaul Index, which measures changes in base linehaul rates, rose 3.6% year over year in June, on top of a 5.2% increase in June of 2014. With demand improving and capacity remaining extraordinarily tight, we expect contract rate increases will continue to filter into our index at higher levels.

In its monthly investor report, Avondale Partners stated, “We would point out that contract pricing (which applies to 95+% of the public carriers' freight) has been accelerating after a drawn-out bid season last year. As a result, although spot market pricing has decelerated, we are not surprised to see our index continue to post mid-to-high single digit gains and we expect this to continue. We see TL pricing increasing between 4% and 9% in 2015, depending on how much rate [increase] each carrier was successful in obtaining in 2014 and when those rate increases were achieved.”  

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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