Cass reports ‘freight slowdown’ in March
March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”
March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”
The Cass Freight Index recovered some of the January volume decline tied to omicron absenteeism throughout the supply chain.
The Cass Freight Index sags in January on a rise in COVID cases, but the dataset appears poised again for strong growth in 2022.
July data from Cass showed freight shipments remained elevated but labor and equipment shortages constrained growth. Expenditures held near all-time records.
The Cass Freight Index surged again in May with continued strength recorded in freight shipments and spend. While the year-over-year comparisons become more formidable in the coming months, the current supply-demand fundamentals are expected to remain in play for some time.
Cass freight data released Wednesday shows shipments and expenditures surged again in April.
February freight data from Cass shows a deceleration in the growth rates of shipments and expenditures. Recent weather events have only “coiled the spring” for a continuation of high demand and rising rates.
The monthly report on the trucking market showed nearly “across-the-board declines” in May, according to the latest ACT Research For-Hire Trucking Index.