A Measure of Market Fluctuations in Truckload Costs
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.
March’s Cass Truckload Linehaul Index continued the acceleration established over the last four months by posting a 7.2% year-over-year increase (the largest YoY percentage increase since January 2015), to 133.5. After being negative for 13 months in a row (from March 2016 through March 2017), the Cass TL Linehaul Index has not only been positive now for twelve months in a row, but pricing for trucking continues to gain momentum. "Our realized contract pricing forecast for 2018 is 6% to 8%, and current data is signaling that 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 rates in positive territory well throughout 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