Freight shipments fell 4.1% sequentially in June, reversing all of May’s gain, according to data provided by Cass Information Systems on Wednesday. On a year-over-year comparison, the monthly volumes data set was down for the fourth time in the first half of 2022.
The Cass Freight Index continued to moderate during June alongside macroeconomic data points. With a cooling in consumer spending and new highs in inflation (9.1% annualized, according to June data released by the Bureau of Labor...
https://www.freightwaves.com/news/decline-in-june-shipments-signals-soft-patch