For the fourth quarter 2016, the CASS Index, which is being used to monitor and evaluate U.S. Inland rates, reflected an average of 125.2 for Truckload and 128.4 for Intermodal (rail). Compared to the established baseline of 121.8 for Truckload and 126.6 for Intermodal (rail), the Truckload Index increased by 2.79% and the Intermodal (rail) increased by 1.42%. Therefore, effective February 25, 2017, we will be increasing our tariff and contract motor rates by 2.79%. 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 2017 review, the baseline index for Truckload will adjust to 125.2 and the Intermodal (rail) will remain the same at 126.6. The next review period is set for April 2017. You can view the requirements and Index history here