Freight shipments bounced back in May as transportation costs retreated from record highs, according to a report from Cass Information Systems.
The shipments component of the Cass Freight Index increased 5.4% from April (4% higher on a seasonally adjusted basis), which more than recouped April’s 2.6% decline. Compared to 2021, shipments were 2.7% lower “on a tough comparison.”
“After a nearly two-year cycle of surging freight volumes, two key drivers of growth for the freight cycle — goods...
https://www.freightwaves.com/news/shipments-bounce-back-in-may-expenditures-dip-from-record-highs