The Cass Freight Index continued to improve in September with the shipments index climbing 7.1% compared to August and the expenditures component advancing 7.2%.
On a year-over-year basis, shipments were down only 1.8%, the best year-over-year comparison since November and much improved from the 7.6% decline last month. The index is up 28% from the COVID-induced April trough and it is expected to remain “strong through year-end, as inventories remain relatively lean, and we expect freight to...
https://www.freightwaves.com/news/freight-volumes-and-pricing-advance-further-during-september