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Stock impact report

SONAR expands LTL and intermodal data offering [Yahoo! Finance]

Cass Information Systems, Inc (CASS) 
US:NASDAQ Investor Relations: ir.cassinfo.com
Company Research Source: Yahoo! Finance
LTL pricing is far more complex than that of other freight modes and has more to do with the density of the freight being shipped than the distance. According to Zach Strickland, SONAR's head of freight market intelligence, “revenue per hundredweight [published by public carriers in earnings releases] is the worst way to look at LTL pricing.” That's because the aggregated carrier metrics fail to account for changes in the mix of freight and the associated impact that has on pricing. As an alternative, Strickland suggests only comparing the rates to move freight via LTL to pallets that are classified within the same class and also have a similar length of haul. Also new to SONAR – intermodal contract rates by lane In the past five years, intermodal contract rates rose and fell in three long-haul lanes, LA-Chicago, LA-Dallas and LA-Atlanta. (Chart: SONAR) On Wednesday, I demoed our new intermodal rate data on the main stage at our F3: Future of Freight Festival in Chattanooga. Th Show less Read more
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