Freight shipments fell 7.4% seasonally adjusted from December to January, according to a Monday report from Cass Information Systems. The volumes component of the Cass Freight Index was also 2.9% lower year-over-year. The report called out a rise in omicron cases as the reason.
The drop in volumes “is about as good an answer as we have to the question of how big an impact Omicron-related absenteeism and quarantines had on the freight economy,” ACT Research’s Tim Denoyer commented in the report.
He...
https://www.freightwaves.com/news/cass-omicron-hits-january-volumes-costs-rates-still-way-up