February data from Cass Information Systems (NASDAQ: CASS) shows the impact winter storms had on freight markets during the month.
February speed bump will give way to larger increasesThe shipments subindex increased 4.1% year-over-year, up 1.8% sequentially. The year-over-year growth rate for the month was less than half that recorded in January. On a seasonally adjusted basis, the index came in 3.2% lower sequentially.
“This slowdown reflects both the short-term weather effects and likely...
https://s29755.pcdn.co/news/february-weather-only-temporary-impediment-to-freight-cycle-cass