The Cass Freight Index recorded sequential improvement from May to June, but the year-over-year declines remain large.
The June shipments component of the index was up 3.5% from May with freight expenditures improving 6.4%. However, the year-over-year declines for shipments (-17.8%) and expenditures (-18.3%) keep the indexes below pre-pandemic levels.
“We were thinking the June rebound would have been stronger, based on what...
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