News and Media

Intermodal Fuel Charge and CASS Index update for the 4th Quarter 2015

2016-01-19

 

Due to the decrease in cost related to diesel fuel, the Intermodal Fuel Charge that applies on Intermodal moves will be adjusted effective February 18th, 2016. The attached Intermodal Fuel Charge Maps have been updated to reflect the adjustments by state / port of sailing. The adjustment amounts by state are also attached below for your reference. The Intermodal Fuel Charge applies on both service contract and open tariff rates northbound and southbound.

Link to maps

Link to adjustments

In addition, the CASS Index, which is being used to monitor and evaluate U.S. Inland rates, is now available for the fourth quarter 2015. For the fourth quarter, the Indexes reflected an average of 126.8 for Truckload and 127.5 for Intermodal (rail). Compared to the established baseline of 124.0 for Truckload and 126.6 for Intermodal (rail), the Truckload index increased by 2.25% and the Intermodal (rail) increased by 0.71%. Therefore, effective February 18, 2016, we will be increasing our tariff and contract motor rates by 2.25%. The Intermodal (rail) rates will not change since the fourth quarter average against the baseline was less than +/- 2%. The indexes can be found here: CASS Indexes.

For the first quarter 2016 review, the baseline index for Truckload will adjust to 126.8 and the Intermodal (rail) will remain the same at 126.6. The next review period is set for April 2016. You can view the requirements and Index history here.