Cass Intermodal Price Index

A Measure of Market Fluctuations in Per-Mile Intermodal Freight Costs

As the nation’s largest payer of freight bills, Cass manages nearly $21 billion annually in freight spend, enabling us to compile meaningful data that serves as an indicator of transportation industry trends. The Cass Intermodal Price Index™ is a measure of market fluctuations in U.S. domestic intermodal costs. Cass partners with securities analyst firm Broughton Capital LLC, who provides the analysis we offer each month.

July 2017

The Cass Intermodal Price Index rose only 0.6% YoY to 124.3 in July following June’s 1.8% YoY increase. This marked the tenth consecutive month of increases; however, pricing momentum has dramatically slowed. The absolute nominal value of the index established its most recent peak in March at 135.4 (as diesel flirted with $2.60 a gallon) and has sequentially trended lower since (as diesel has fallen back toward $2.50 a gallon). As the price of oil has recovered from the oversold lows of February 2016, and established a price more consistent with the marginal cost of production from domestic sources, Donald Broughton with Broughton Capital expects intermodal demand and pricing to produce a positive YOY comparison for the next 3 to 6 months.

Cass Intermodal Price Index July 2017 
Cass Intermodal Price Index July 2017

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Index Definition

The Cass Intermodal Price Index is an accurate, timely indicator of market fluctuations in per-mile U.S. domestic intermodal costs. The index includes all costs associated with the move (linehaul, fuel and accessorials). It is based on costs as of January 2005 and uses a base value of 100.

Data within this unique index is derived from actual freight invoices paid on behalf of Cass’ clients.

Cass partners with the securities analyst firm Broughton Capital LLC to publish this Index.

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