Freight shipments fell in March alongside transportation costs, according to payment services provider Cass Information Systems.
The shipments component of the Cass Freight Index declined 1% from February, 4% lower year over year (y/y). The expenditures subindex, which measures the total costs associated with shipping freight inclusive of fuel, fell 1.5% sequentially and 12% y/y.
“Soft real retail sales trends and ongoing destocking remain the primary headwinds to freight volumes, and sharp...