A Measure of Market Fluctuations in Truckload Costs
As the nation’s largest payer of freight bills, Cass manages nearly $21 billion annually in freight spend, enabling Cass to compile meaningful 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. Cass partners with the securities analyst firm Broughton Capital LLC, who provides the analysis we offer each month.
December’s Cass Truckload Linehaul Index (measuring changes in linehaul rates) continued the acceleration that began in November by posting a 6.2% YoY increase, to an all-time index high of 134.5. After being negative relative to the previous years’ for 13 months in a row (from March 2016 through March 2017), the Cass TL Linehaul Index has not only been positive now for nine months in a row, but pricing continues to increase. "In just the last six months, our pricing forecast has increased from a -1% to 2% change, to 6% to 8%, and now gives us reason to believe the risk to our estimate may be to the upside," stated Donald Broughton, analyst and commentator for the Cass Indexes. "The current strength being reported in spot rates is leading us to believe contract pricing rates should keep YoY rate comparisons in positive territory well into 2018."
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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. The index uses January 2005 as its base month.
Cass partners with the securities analyst firm Broughton Capital LLC to publish this Index.
Other Transportation Indexes from Cass
or contact Tom Bertolino at 314-506-5932