Inland Cost Monitoring – July 2018
Our industry continues to face significant challenges relative to the land transportation portion of the U.S. supply chain. Imbalanced truck supply and demand, a congested rail network and new federal safety regulations for drivers, have continued to stress capacity and increase truck pricing.
The CASS Index, used to monitor and evaluate U.S. Inland rates, for the month of June reflects an average of 134.7 for Truckload. Hence tariff and contract motor rates will not change month-over-month. However, rates have increased across the industry by 9.5% year-over-year.
The Intermodal Fuel Percentage will also remain unchanged at 26.5%. The requirements and index history are available here.
To offset rising operational costs at rail ramp locations throughout the U.S., all contract and open tariff motor/rail and rail ramp inland rates will be increased effective August 19, 2018.