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.
November’s Cass Truckload Linehaul Index measured linehaul rates at 6.3% over last November, with the current index value at 131.2 (compared to a baseline of 100 in 2005). Pricing for trucking is growing ever stronger and continuing to gain momentum. After being negative for 13 months in a row, the Cass TL Linehaul Index has not only been trending positive on a year-over-year basis for eight months now, but the amount of change continues to increase as well. "In just the last five months, our pricing forecast has increased from -1% to 2%, to 0% to 2%, to 2% to 4%, and now giving 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 rates 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