Data released Friday from Cass Information Systems (NASDAQ: CASS) shows the freight industry advanced at a blistering pace during May. The Cass Freight Index logged the highest-ever growth rates in the shipments and expenditures components of the dataset’s more than 30-year history.
The May report showed the shipments index jumped 35.3% higher year-over-year. While the comparisons reflect year-ago demand weakness as large parts of the nation and economy remained under lockdown, the index...
https://www.freightwaves.com/news/freight-boom-barrels-through-may-cass-reports