Cass Information Systems is partnering with the Global Supply Chain Institute at the University of Tennessee, Knoxville's HaslamCollege of Business to support the company's transportation indexes, the Cass Truckload Linehaul Index and the Cass Intermodal Price Index.
“It’s in our DNA to partner with industry to advance the understanding and practice of supply chain management. This innovative partnership with Cass helps us do that," Shay Scott, executive director, Global Supply Chain Institute says.
The indexes follow changes in American freight shipping costs and are followed by more than 8,000 subscribers. Since 2011, they have become valuable resources for shippers, carriers and others interested in freight market dynamics.
“This partnership reinforces Cass’s commitment to providing meaningful and accurate freight market data,” said Mark Campbell, president of Cass’s Transportation Information Services division. “UT has an excellent reputation in the supply chain community and we look forward to working together.”
In collaboration with Cass, UT's Global Supply Chain Institute has created an enhanced calculation logic and methodology for both indexes. Alex Rodrigues, faculty at the Department of Supply Chain Management, will serve as the principle technical expert responsible for the enhanced architecture of both indexes.
“This connection with industry allows us to translate academic research into meaningful outputs that can support strategic decisions and policy making,” Rodrigues says.
The data for these indexes, as well as the popular Cass Freight Index, is generated by Cass through its freight invoice payment activity for 350 large shippers.