What is the Cass Truckload linehaul Index?
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.
The Cass shipments index is a measure of the number of intra-continental freight shipments across North America, for everything from raw materials to finished goods. All domestic modes are included, with truckload moves accounting for more than 50% of shipments and LTL about 25%.
What is FreightWaves sonar?
A freight forecasting platform, SONAR gives you access from aggregated freight data for monitoring domestic and global market activity. FreightWaves' current and historical data is generated from thousands of exclusive sources representing more than $200 billion of contract freight transactions.
Morgan Stanley Proprietary Truckload Freight Index tracks the supply and demand balance of truckload freight. DAT RateView follows specific sectors of the freight industry, such as truckload freight, and provides real-time broker-buyer prices.
What does Cass stand for in freight?
Cargo Account Settlement Systems (CASS) is designed to simplify the billing and settling of accounts between airlines and freight forwarders.
Carriers. FreightWaves National Truckload Index (NTI) is a transparent benchmark rate that can be shared with shippers to convince them that rates are in-line with the Index. NTI can also be used as a benchmark rate in shipping agreements as an impartial method to establish trust with shippers.
How much have freight costs increased in 2022?
Year-over-year changes in freight rates in 2022 Shipments, freight moved by companies, increased by 0.4% year over year, according to the report, but declined nearly 2% month over month.15-Aug-2022
Parcel rates rose 14.7%, while storage services prices rose 20.5%, with much of that coming after July 2021, when demand spiked sharply due to the effect dominated supply chain bottlenecks at several US seaports. It is estimated that freight rates will be corrected and will drop by 30-40% in 2022.15-Jul-2022
What is outbound tender rejection?
Outbound Tender Rejection Index (OTRI) – a daily index showcasing the percent of contracted freight that is being rejected by carriers or brokers. An increase in this suggests a tightening market with less available capacity and more purchasing power moving towards carrier/broker.
1 : goods or cargo carried by a ship, train, truck, or airplane. 2 : the carrying (as by truck) of goods from one place to another The order was shipped by freight. 3 : the amount paid (as to a shipping company) for carrying goods.
Is there a trucking index?
FreightWaves' National Trucking Index is the fastest, most accurate way to measure US trucking activity. FreightWaves released the National Trucking Index (NTI) during Monday's Day 1 of The Future Of Supply Chain event, providing a benchmark that is dedicated to measuring the direction of the domestic truckload market.09-May-2022
Truck drivers and ship crews couldn't cross borders because of public health restrictions. Pent-up demand from huge stimulus programs during extended lockdowns overwhelmed the capacity of supply chains. Besides causing delays in getting goods to customers, the cost of getting them there surged.28-Mar-2022
What are Cass regulations?
You must follow rules set out in the Client Assets Sourcebook (CASS) whenever you hold or control client money or safe custody assets as part of your business. This is to keep client money and assets safe if firms fail and exit the market. To reduce the risk of financial loss, you should: identify risks. assess risks.11-May-2015
The average going rates for trucking per mile are: Average van rates: Between $2.30 and $2.86 per mile on average. Reefer truck rates: $3.19 per mile on average. Flatbed truck rates: $3.14 per mile on average.
Are trucking rates going up?
Trucking CEOs expect higher prices, potential disruptions in second half of the year. “Spot” rates for trucking are down 11% year over year, but more freight is moving to contract deals. Trucking stocks are up double digits in July compared with a 7% rise for the S&P 500.28-Jul-2022
The Trucking Conditions Index tracks the changes representing five major conditions in the U.S. truck market. These conditions are: freight volumes, freight rates, fleet capacity, fuel price, and financing.
Why are shipping costs so high 2022?
The primary reason for this increase is the world's nemesis: COVID-19. The pandemic has destroyed the global supply chain since 2020. And the recent rise in shipping prices is a direct reflection of that.
After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline.06-Apr-2022
What is the average trucking rate per mile?
The latest data from the National Private Truck Council (NPTC) says the average trucking cost per mile in the U.S. for private fleets is $2.90.
According to Rajkovacz, what's often reported as a trucker shortage is actually churn — drivers leaving their job with one company and going to another. The real issue facing truckers, he said, is a dwindling demand that's been exacerbated by China's recent COVID-19 lockdowns.26-Apr-2022
Are trucking rates going down?
Trucking spot rates fell 22% during the first six months of this year, according to DAT, dipping below the contract rate in May for the first time in two years.10-Jul-2022
What is the Cass Truckload linehaul Index?