Cass Information Systems
Freight volumes plunge in December, rates firming
December data from Cass Information Systems showed a significant drop in freight shipments as expenditures were off by a lesser amount, implying freight rates moved higher during the month. Truckload linehaul rates continued to improve from August’s cycle low, a Tuesday report revealed.
Freight volumes captured by the Cass Freight Index fell 7.3% from November and were off 6.5% year over year. Even excluding the typical November-to-December seasonal dip, the index was off 3.1%, which wiped away...
https://www.freightwaves.com/news/freight-volumes-plunge-in-december-rates-firming
Cass acquires ocean, airfreight invoice audit platform
Cass Information Systems announced Thursday the acquisition of Acuitive Solutions’ freight audit platform for ocean, air and drayage shipments.
The AcuAudit platform is an extension of Chattanooga, Tennessee-based Acuitive Solutions’ supply chain software offering. The fully automated platform validates and rerates invoices, ensuring freight bills are correct.
Financial terms of the transaction were not provided.
“Today, with a best-in-class solution for every mode as well as full global coverage,...
https://www.freightwaves.com/news/cass-acquires-ocean-airfreight-audit-platform
November Cass data shows improvement
November data from Cass Information Systems showed sequential improvement in shipments and expenditures with the year-over-year declines narrowing.
The volumes component of the Cass Freight Index was up 0.5% from October (2.8% higher seasonally adjusted) and down just 0.7% y/y, the smallest decline in 21 months. A Thursday report credited “ongoing economic growth and slowing private fleet capacity additions” as the reasons for the improvement.
| November 2024 | y/y | 2-year | m/m | m/m (SA) |
| Shipments |
https://www.freightwaves.com/news/november-cass-data-shows-improvement
Trucking outlook: ‘Sugar high’ or sustained upswing?
On Wednesday, Morgan Stanley released its 2025 Transportation Outlook, which describes the next year as likely a tale of two halves, one with a powerful restocking-driven upcycle followed by the fears of a downcycle beginning in 2026. For the upcycle, there are many unanswered questions, including how long it will last. Historically there was an 18-month restocking cycle in 2018 and...
https://www.freightwaves.com/news/trucking-outlook-sugar-high-or-sustained-upswing
Freight shipments, spend see no lift in October, Cass data shows
Freight shipments and spend were again under water in October, according to data from Cass Information Systems.
The shipments component of the Cass Freight Index fell 2.4% year over year during the month and was off 1.9% from September (down just 0.1% seasonally adjusted). October marked the second straight sequential decline for the dataset.
“Although goods demand growth is driving broad freight volume growth, as can be seen in intermodal, imports, and freight GDP, it is still not reaching the...
https://www.freightwaves.com/news/freight-shipments-spend-see-no-lift-in-october-cass-data-shows
ATRI’s ‘Critical Issues in the Trucking Industry’ report spotlights parking woes
ATRI’s ‘Critical Issues in the Trucking Industry’ report spotlights parking woes
The American Transportation Research Institute recently released its report outlining what over 3,700 industry stakeholder respondents across North America see as the most critical issues facing the trucking industry. The report remarks, “among respondents represented were motor carrier executives and personnel (45.9%), professional truck drivers (31.3%) and other industry stakeholders (22.8%),...
Cass notes ‘signs of price stabilization’ in soft September update
September data from Cass Information Systems showed “signs of price stabilization” even as volumes continued to reflect a soft demand environment.
The Cass Freight Index showed shipments fell 5.2% year over year during September and 2.6% from August when seasonally adjusted. The y/y decline was the largest since June, outpacing declines of just 1.9% in August and 1.1% in July, and worse than the forecast calling for the dataset to be down just 3% during the month.
The freight volume index is now...
https://www.freightwaves.com/news/cass-notes-signs-of-price-stabilization-in-soft-september-update
Freight spend, shipments soft again in August
August data from Cass Information Systems showed the freight market continues to trudge along what is expected to be a trough. Both shipments and freight spend stepped lower from year-ago levels.
Shipments captured by the Cass Freight Index fell 1.9% year over year in August, following a 1.1% y/y decline in July. The August result came in ahead of a projected decline of 3%.
“These were the smallest declines in 18 months as goods demand continues to grow slowly, and slowing capacity additions...
https://www.freightwaves.com/news/freight-spend-shipments-soft-again-in-august