Freight shipments advanced to more than a four-year high in August, according to data provided by Cass Information Systems on Wednesday. Freight costs increased again from 2021 levels but at a slower pace.
The Cass Freight Index showed shipments were up 3.6% year over year in August and 5.5% higher than in July on a seasonally adjusted basis. Additionally, July data was revised to a growth rate of up 1.9% y/y versus the initial report, which displayed a 0.4% gain. The August reading was the best...