Cass: July trends ‘steady as she goes’

A white tractor pulling a white trailer on the highway

Freight shipments and costs saw more subdued changes in July, according to data provided by Cass Information Systems on Monday.

The shipments subset of the Cass Freight Index inched 0.4% higher year over year (y/y) during the month and was 0.6% higher than June on a seasonally adjusted basis.

“Freight demand has flattened out this year with inflation near 9% and significant substitution from goods back to services,” ACT Research’s Tim Denoyer concluded. “Considering the extraordinary goods...

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