Define: Cass Freight Index

The Cass Freight Index is a widely recognised measure of North American freight activity. It tracks the shipment of goods across various modes of transportation, including trucking, rail, air, and water.

No, the Cass Freight Index is not legally binding. It is primarily used as a benchmark to gauge the health and performance of the freight industry.

Yes, the Cass Freight Index can be used as evidence in a legal dispute, particularly in cases involving the transportation or logistics industry. It can help establish industry standards and trends.

No, there are no legal restrictions on using the Cass Freight Index for commercial purposes. However, it is important to properly attribute the source and ensure the accuracy of the data when using it in business operations.

Yes, the Cass Freight Index can be used as a reference point to negotiate shipping rates. It provides valuable insights into market conditions and can help both shippers and carriers determine fair pricing.

While the Cass Freight Index can provide historical data and trends, it may not be a reliable predictor of future freight rates. Other factors, such as fuel prices, capacity constraints, and economic conditions, also play a significant role in determining future rates.

Yes, the Cass Freight Index can be used as one of the indicators to assess the financial health of transportation companies. It reflects the overall volume of shipments and can provide insights into the performance of the industry as a whole.

Yes, the Cass Freight Index can be used to compare freight activity between different regions within North America. It provides a standardised measure that allows for meaningful comparisons across geographies.

No, accessing the Cass Freight Index typically requires a subscription or membership with Cass Information Systems or a licenced data provider. The index is proprietary and not freely available to the public.