Freight volumes and expenditures advance further during September
The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.
The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.
Cass data for the month of August shows significant acceleration in demand and rates but the comparisons to 2019 still lag other data sources.
Declines in Cass freight data continue to outpace the industry by a considerable margin. The firm sees improved results on the horizon.
Worse-than-expected data from Cass shows year-over-year declines grew in shipments and expenditures. Intermodal pricing falls out of bed.
April’s 20% year-over-year declines in Cass data may mark the bottom of the COVID-19 downturn.
Transportation invoice volumes fall 7.5% for payment services provider Cass Information Systems.
Cass data plummets further, erasing any chance of second-quarter year-over-year growth in shipments and freight costs, according to report.
Virus-related demand headwinds bring fresh declines in February Cass data. Visibility into a potential trucking recovery is further clouded.
Declines in Cass data accelerate but report calls for rates to inflect higher in 2020.
Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.
The Cass Freight Index sees its steepest decline in shipments since the Great Recession.
Cass freight data shows softness again in November. While shipment declines extend to a full year, the rate of the declines may be moderating.
Cass announces two new partnerships designed to enhance the reporting and data methodology of its Cass Transportation Indexes.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that the index is “signaling an economic contraction.”
The Cass Freight Index Report offers two questions. “Has economic contraction already begun? Will GDP be negative in Q2?”
Cass Information Systems, Inc. has joined the Blockchain in Transport Alliance (BiTA), a consortium of industry leaders committed to developing standards and guiding the widespread adoption of blockchain technology in logistics.
Freight, orders and optimism continue to populate the minds of many carrier and shipping executives these days as more data points suggest the economy is continuing to improve. And it’s optimism that even uneven retail sales and consumer confidence can’t hide.