September data from Cass Information Systems showed shipments fell victim to supply chain and capacity constraints while expenditures, a proxy for pricing, surged forward.
The shipments component of the Cass Freight Index (NASDAQ: CASS) slid 4.9% seasonally adjusted from August, according to the Wednesday report. The dataset was 0.6% higher than September 2020, which marked 12 straight months of year-over-year gains.
Some of the deceleration in freight volumes was pinned on Hurricane Ida and a...