What is the Cass freight shipment Index?

What is the Cass freight shipment 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%.

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.

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 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.

What is the Global freight rate 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.

Will freight prices go down?

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.

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.

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.

How do I know what freight class is LTL?

How to Determine LTL and Freight Class?

1. Know your commodity type.
2. Measure your pallet dimensions and weight.
3. Multiply length * width * height to determine total cubic feet.
4. Divide the weight of the shipment by the total cubic feet.

What is 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.

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.

How do you quote truck loads?

Multiply the truck driver’s hourly rate by the length of time needed to complete the trip. The truck averages 60 mph. The 680-mile trip will take about 11 hours (680 / 60 = 11.33). If the driver pay rate is $12 per hour, the cost for the driver is $132 (11 x 12 = 132).