Shipping and Logistics
Inland Cost Monitoring – Feb 2018
For January 2018, the CASS Index, which is being used to monitor and evaluate U.S. Inland rates monthly, reflected an average of 133.5 for Truckload and 141.4 for Intermodal (rail). This is a 0.75% increase over the previously established baseline of 132.5 for Truckload and a 6.5% increase over the previously established baseline of 132.8 for Intermodal (rail). To capture these costs, we will be increasing our tariff and contract Intermodal (rail) rates by 6.5% effective April 1, 2018. The Truckload rates will not change since the January baseline increase was less than 2%. The CASS Indexes can be found here.
Additionally, for the same period, the Department of Energy’s retail on-highway diesel prices all types index monthly average, which is being used to determine the Intermodal Fuel Charge, was $3.018. Therefore, the Intermodal Fuel Percentage will be increased from 22% to 23.5%, effective April 1st, 2018. The requirements and index history are available here.
The next review is set for March, 2018 after which an appropriate adjustment will be made if necessary.Archive