What is Cass Freight Index?

What is Cass Freight Index?

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 truckload freight index?

FreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: Covering 250,000 lanes. Representing 8.7 million loads. Published 365 days of the year. Over 1,200 days of historical data.

Is there a freight index?

A freight rate index collects pricing information from multiple carriers, shippers or forwarders at regular intervals to calculate a benchmark or market rate for freight for any given shipping lane and provide visibility into freight rates for interested parties.

What is the Morgan Stanley freight index?

The Morgan Stanley Dry Van Freight Index is another measure of relative supply. The higher the index, the tighter the market conditions. According to the index, conditions have tightened as of late. This trend is in line with what we have seen across the other measures of relative supply.

What is the coyote curve?

The Coyote Curve is our proprietary spot rate index built with data from over 10,000 daily shipments. To make the best use of the forecast, it’s helpful to know how the trucking industry works.

How do you determine freight shipping class?

Freight Class Calculator

1. First measure the height, width, and depth of the shipment. …
2. Multiply the three measurements (height x width x depth). …
3. Finally, divide the weight (in pounds) of the shipment by the total cubic feet.

What are the current freight rates?

Here are the current rates for the most popular freight truck types:

• Overall average van rates vary from $2.30 – 2.86 per mile.
• Reefer rates are averaging $3.19 per mile, with the lowest rates being the Northeast at $2.47 per mile.
• Average flatbed rates average at $3.14 per mile.

What is the current load to truck ratio?

DAT reports the current national load-to-truck ratio is 3.43 loads to truck, compared to the April 24th average of 3.47. Ratios are highest in the Gulf coast states.

What is General Freight Trucking Long Distance truckload?

Long-distance freight trucking provides trucking between metropolitan areas which may cross North American country borders. Long-distance freight trucking includes general freight truckload trucking and less than truckload trucking. Truckload trucking provides movement of a full single load from origin to destination.

What is global freight index?

The index measures global container freight rates by calculating spot rates for 40-foot containers on 12 global tradelanes. It is reported around the world as a proxy for shipping stocks, and is a general shipping market bellwether. The FBX is currently one of the most widely used freight rate indices.

What is global container freight rate index?

The World Container Index is an index developed by Drewry, one of the most reputed research, advisory and consulting service providers for the shipping and maritime industry. Drawing upon its expertise and accumulated data, Drewry publishes the WCI, covering the Spot market freight rates on a weekly basis.

What is a container index?

The World Container Index (WCI) is the premium resource for frequent, independent container market data. The WCI provides weekly assessments of container freight rates, daily forward price estimates and a bank of historical price movements.

Why are LTL rates so high?

LTL freight costs are determined by a number of variables, including fuel price, driver compensation and maintenance. Due to a shortage of drivers in the industry, driver pay has increased to attract qualified workers. Your personal shipment cost is based on factors such as weight, density, classification, etc.

What percentage of trucking is LTL?

The LTL sector as a whole, which represents about 10 percent of overall for-hire trucking revenue, first broke the $40 billion revenue mark in 2018 and took in more than $42.1 billion in revenue in 2020, according to SJ Consulting Group.

Are freight rates going up in 2021?

Ocean freight rates continue to set new highs in 2021 The freight rates in August reached $10,174/FEU, an increase of 466% on the previous year. Also, the charter prices for container vessels have risen fourfold compared to last August, according to the Freightos Baltic Index (FBX).

What is the trucking cycle?

If you’re using the seven-day cycle (cycle 1), to reset your hours to zero, you must take 36 consecutive hours off-duty. If you’re using 14-day cycle, to reset your hours to zero, you must take 72 consecutive hours off-duty. You must reset your hours in order to switch from cycle 1 to cycle 2 and vice versa.

Will freight rates go up in 2022?

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.

What are the 18 freight classes?

What are the 18 Different Types of Freight Class?

What are the 4 factors that determine freight class?

Freight classification is a type of product categorization unique to freight shipping. It relies on four factors that help determine cost: density, stowability, liability, and handling. Once you have a general understanding of these variables, you can better calculate how your class (and cost) will be determined.

What is Class 55 freight mean?

The weight range and density for a shipment to qualify as class 55 freight is between 35 and 50 pounds per cubic foot.