Cass Freight Index

March freight metrics flat with February, Cass data shows

Freight shipments and expenditures in March were largely in line with February, underperforming normal seasonal trends, according to the Cass Freight Index published Monday. The year-over-year (y/y) declines in both data sets eased again during the month.

March shipments were down 2.3% seasonally adjusted from February and 3.6% from the same month last year. Without the seasonal adjustment, March volumes were down 0.2% sequentially. However, February did include one extra day this year.

The...

https://www.freightwaves.com/news/march-freight-metrics-flat-with-february-cass-data-shows

February brings slight relief to freight cycle’s ‘long bottom,’ Cass says

Freight shipments and expenditures improved from January to February but remained underwater compared to last year, Monday data from the Cass Freight Index showed.

Shipments increased 7.3% from January, up 2% when adjusted for normal seasonal trends, and were just 4.5% lower year over year (y/y). The y/y decline was the smallest in 10 months and 3.1 percentage points lower than January’s decline.

Severe winter weather in January as well as an extra day in February favorably impacted the...

https://www.freightwaves.com/news/february-brings-a-little-relief-to-freight-cycles-long-bottom-cass-says

Freight markets still bottoming out, Cass data shows

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Freight shipments and expenditures continued to fall in January, according to data compiled in the...

https://www.freightwaves.com/news/freight-markets-still-bottoming-out-cass-data-shows

Truckload linehaul rates stabilizing, Cass report shows

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Year-over-year (y/y) declines in freight shipments and spend continued to taper during December,...

https://www.freightwaves.com/news/truckload-linehaul-rates-stabilizing-cass-report-shows

Freight cycle bottom continues to form in November

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Freight shipments and expenditures dipped further in November, according to data compiled in the...

https://www.freightwaves.com/news/freight-cycle-bottom-continues-to-form-in-november

Loaded and Rolling: RXO: Too much trucking capacity heading into 2024

RXO: Too much trucking capacity heading into 2024

(Video source: FreightWaves)

On Wednesday, FreightWaves hosted the Domestic Supply Chain Summit, a virtual event with RXO Chief Strategy Officer Jared Weisfeld as the keynote speaker. The interview, conducted by enterprise trucking carrier expert Thomas Wasson, included an outlook for 2024 and highlighted the biggest supply chain challenges and opportunities. RXO is the freight brokerage that was spun off from LTL carrier XPO last year.

Excess...

https://www.freightwaves.com/news/loaded-and-rolling-rxo-too-much-trucking-capacity-heading-into-2024

Loaded and Rolling: Freight media’s evolving landscape on display at F3

Freight media’s evolving landscape on display at F3

(Photo: Jim Allen/FreightWaves)

The changing freight media landscape was on full display at the F3: Future of Freight Festival last week in Chattanooga Tennessee, as influencers, salespeople, presenters and executives intermingled during and after the events. One topic discussed is the changing way media is being consumed and how traditional legacy media outlets are responding to tech-savvy upstarts. While at the event, I noted that for...

https://www.freightwaves.com/news/loaded-and-rolling-freight-medias-evolving-landscape-on-display-at-f3

October shipments hit cycle low, Cass says

Freight shipments fell to a cycle low in October, according to data compiled in the Cass Freight Index.

A Tuesday report showed October shipments on Cass Information Systems’ platform were off 9.5% year over year (y/y) and 2.8% lower (seasonally adjusted) than in September. The sequential decline erased two months of gains. The data set has exposure to the auto industry and was likely impacted by recent work stoppages.

“The 2023 peak season is off to a muted start, but we think overall freight...

https://www.freightwaves.com/news/october-shipments-hit-cycle-low-cass-says

September Cass data shows freight cycle ‘starting to flatten out’

Volumes ticked higher again in September while total freight expenditures declined, according to a Wednesday report from Cass Information Systems.

The shipments subindex of the Cass Freight Index increased 1.7% from August, which was up 0.8% from July. Compared to 2022, the index was down 6.3% in September, which was an improvement from the 10.6% year-over-year (y/y) decline logged in the prior month.

Peak season “is off to a muted start with a slightly improving trend, as expected,” said ACT...

https://www.freightwaves.com/news/september-cass-data-shows-freight-cycle-starting-to-flatten-out

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