For July 2018, the CASS Index, which is being used to monitor and evaluate U.S. Inland rates monthly, reflected an average of 138.1 for Truckload. This is an increase of 4.23% over the previously established baseline of 132.5. As a result, tariff and contract motor rates will increase by 4.23% effective October 1, 2018. The CASS Indexes can be found here.
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 $3.233. Therefore, the Intermodal Fuel Percentage will be decreased from 26.5% to 26.0%, effective October 1, 2018. The requirements and index history are available here.
The next review is set for Septmeber 2018 after which an appropriate adjustment will be made if necessary.
If you have any questions, please contact your sales representative or the Customer Care Department at 1-800-CROWLEY.