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...
https://www.freightwaves.com/news/cass-july-trends-steady-as-she-goes