Intermodal pricing increased another 5.4 percent for the month compared with the same 2017 period, the 17th consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
Intermodal rates grew another 5.4 percent in February 2018 compared to the same month the previous year, the 17th consecutive year-over-year increase, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs.
According to Cass, last month’s growth to a reading of 137.9 in February indicated that “pricing momentum is strengthening” thanks to tight truckload capacity and higher prices for diesel fuel.
“Longer term, we continue to foresee oil trading in the $45 to $65 range and diesel in the $2.50 to $3.25 range throughout 2018 (without the refining interruption pressure produced by hurricanes or other catastrophic events),” said economist Donald Broughton, who analyzes the intermodal rate index and the North American freight transportation industry at large for Cass.
Intermodal rates rise again in February
