Cass data melts lower in June

June data from Cass Information Systems showed continued weakness in volumes and expenditures, with year-over-year declines largely mirroring the trends displayed in May.

Shipments captured by the Cass Freight Index fell 6% y/y in June and were off 1.8% from May, “amid ongoing softness in for-hire [truck] demand,” a Monday report compiling freight stats from several transportation modes said.

The shipments subindex fell to its lowest point since January despite June typically being a big month...

https://www.freightwaves.com/news/cass-data-melts-lower-in-june

OOIDA sues EPA over greenhouse gas emissions standards

OOIDA sues EPA over greenhouse gas emissions standards
(Photo: Jim Allen/FreightWaves)

On Tuesday, the Owner-Operator Independent Drivers Association along with other industry groups filed a petition with the U.S. Court of Appeals for the District of Columbia Circuit challenging the Environmental Protection Agency’s Phase 3 final rule on greenhouse gas emissions standards for heavy-duty vehicles. According to the petition, the court should vacate the EPA rule, as it “exceeds the agency’s...

https://www.freightwaves.com/news/ooida-sues-epa-over-greenhouse-gas-emissions-standards

Freight market pressured again in May, Cass data shows

Freight shipments and total freight spend remained under pressure again in May, according to data from Cass Information Systems.

Shipments in May were flat with April but down 5.8% year over year (y/y). The y/y decline was 1.8 percentage points more pronounced than in April, and when adjusting for seasonal trends, the shipments index was off 3.1% sequentially to a 46-month low.

The Monday report noted “ongoing softness in for-hire demand” as loads normally pegged for the for-hire market are being...

https://www.freightwaves.com/news/freight-markets-pressured-again-in-may-cass-data-shows

Cass, FreightWaves SONAR partner on supply chain intelligence

FreightWaves SONAR and freight audit and payments provider Cass Information Systems announced on Tuesday a channel and integration partnership at Future of Supply Chain in Atlanta. The agreement allows Cass’ customers to access industry rates for internal benchmarking purposes.

Cass (NASDAQ: CASS) is now a critical channel partner for SONAR’s Supply Chain Intelligence (SCI) tool. Its customers will now be able to access their own data on the SCI platform, allowing them to benchmark cost and...

https://www.freightwaves.com/news/cass-freightwaves-sonar-partner-on-supply-chain-intelligence

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

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

Loaded and Rolling: Autonomous trucking startup TuSimple goes private

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Autonomous trucking startup TuSimple goes private

(Photo: Jim Allen/FreightWaves)

On Wednesday,...

https://www.freightwaves.com/news/loaded-and-rolling-autonomous-trucking-startup-tusimple-goes-private

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

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