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.
The latest data point shows total intermodal pricing rose 4.0% YoY to an index point of 134.3 in December. This marks the fifteenth consecutive month of increases, and pricing momentum appears to be increasing. Higher diesel prices are creating demand and pricing power for domestic intermodal. "Throughout 2018, we continue to foresee oil trading in the $45 to $65 range and diesel in the $2.50 to $3.25 range (without the refining interruption pressure produced by hurricanes or other catastrophic events)," stated Donald Broughton, analyst and commentator for the Cass indexes.
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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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or contact Tom Bertolino at 314-506-5932