Freight shipments advanced in March but at a slower pace, according to data released Wednesday from Cass Information Systems. Freight expenditures, however, continued upward at a blistering pace.
The volumes subset of the Cass Freight Index increased just 0.6% year-over-year in March, 300 basis points slower than the growth rate logged a month ago. The dataset was also 1% lower than February when seasonally adjusted.
“While a few points of softness in Q1 were due to omicron-related absenteeism,...
https://www.freightwaves.com/news/cass-reports-freight-slowdown-in-march