Shipments and freight costs were up again in October on a year-over-year (y/y) comparison, according to data from Cass Information Systems. However, the Monday report cautioned that a modest increase in volumes was due to a variety of circumstances that are unlikely to recur and that shipments will likely turn negative y/y by next month.
The shipments component of the Cass Freight Index increased 2.9% y/y during the month but fell 1.4% from September. The change marked the second straight...
https://www.freightwaves.com/news/cass-considerable-cost-relief-is-now-highly-probable-for-2023