As the nation’s largest payer of freight bills, Cass manages $25 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 continued the run of price increases that began in 2017 and capped 2018 as the highest year of realized pricing for truckload since deregulation in 1980. Setting a new all-time high of 144.2 (Jan 2005 = 100), the December Index increase of 7.2% (year over year) is significant given the increasingly tougher comparisons and the exclusion of fuel surcharge. "We expect continued nominal price increases in the coming months, but slightly lower percentage increases as comparisons grow increasingly tough," stated Donald Broughton, analyst and commentator for the Cass indexes. "Our realized pricing forecast for 2019 is now 2% to 5%."
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.