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.
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.
