What is the Cass Truckload Linehaul Index?
Cass Truckload Linehaul Index is an accurate and timely indicator of market fluctuations in per-mile dry van (fully enclosed semi-trailer) truckload pricing in the U.S. This index isolates the linehaul component of full truckload costs. The linehaul component means freight transportation. And removes other costs like fuel and accessories to provide an accurate picture of baseline truckload prices.
Why is the Cass Truckload Linehaul Index valuable?
Contracted freight rates are what drive the majority of the revenue for dry van carriers. Since the Cass Truckload Linehaul Index is based on actual spot and contract freight invoices, it is a strong measure of the freight market and market fluctuations.
What should you do?
Watching the Cass Truckload Linehaul Index can help you gage where demand is at for freight. In markets like we’re currently experiencing, with high freight demand and supply constraints for both trucks and drivers, the Linehaul Index will move with an upward momentum. Insights like this make the Linehaul Index a valuable tool to understanding the freight market. Majestic’s CORE Report follows the Linehaul Index; along with other indicators every week to see where the market stands.