Cass Information Systems Archives - Page 2 of 6

Sequential uptick in August Cass data but comps to 2022 fall faster

18 September 2023

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Shipment and freight spend data published by Cass Information Systems on Monday showed sequential...

https://www.freightwaves.com/news/sequential-uptick-in-august-cass-data-but-comps-to-2022-fall-faster

Loaded and Rolling: Kodiak Robotics, Pilot open 1st autonomous truckport

17 August 2023

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Kodiak Robotics, Pilot open 1st autonomous truckport

(Image: Kodiak Robotics Inc./Pilot Co.)

On...

https://www.freightwaves.com/news/loaded-and-rolling-kodiak-robotics-pilot-open-1st-autonomous-truckport

Loaded and Rolling: FMCSA truck leasing panel drafts recommendations

13 July 2023

FMCSA truck leasing panel drafts recommendations

(Photo: Jim Allen/FreightWaves)

The first meeting of the Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF) discussed and drafted recommendations on Tuesday regarding limiting or eliminating the power a trucking company has over lease purchase agreements with drivers. The task force was created through the Bipartisan Infrastructure Law of 2022. As FreightWaves’ John Gallagher writes, “It is tasked with examining...

https://www.freightwaves.com/news/loaded-and-rolling-fmcsa-truck-leasing-panel-drafts-recommendations

Loaded and Rolling: The problem with load boards and small carrier exodus

18 May 2023

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The problem with load boards

(Photo: Jim Allen/FreightWaves)

Load board fraud is gaining attention...

https://www.freightwaves.com/news/loaded-and-rolling-the-problem-with-load-boards-and-small-carrier-exodus

Shipments, costs decline further in April but inflection coming, Cass says

15 May 2023

April data from payment services provider Cass Information Systems showed optimism around “seasonal improvement in May” but noted the year-over-year (y/y) comps will remain depressed going forward.

The shipments component of the Cass Freight Index was down 2.4% y/y in April and 1.3% lower on a seasonally adjusted basis than in March. The sequential decline during the month followed a 3.8% drop in March.

April 2023	y/y	2-year	m/m	m/m (SA)
Shipments	-2.4%	-2.9%	-1.0%	-1.3%
Expenditures	-14.0...

Freight shipments, costs sag in March

15 April 2023

Freight shipments fell in March alongside transportation costs, according to payment services provider Cass Information Systems.

The shipments component of the Cass Freight Index declined 1% from February, 4% lower year over year (y/y). The expenditures subindex, which measures the total costs associated with shipping freight inclusive of fuel, fell 1.5% sequentially and 12% y/y.

“Soft real retail sales trends and ongoing destocking remain the primary headwinds to freight volumes, and sharp...

Loaded and Rolling: Truck parking survey highlights public awareness challenges

16 March 2023

Truck parking survey highlights public awareness challenges

(Graphic: CloudTrucks)

Last month, CloudTrucks surveyed 1,000 U.S. adults about general perceptions of truck drivers and if they have heard of the truck parking shortage. The results, published in CloudTrucks’ 2023 Truck Parking Shortage Survey, highlight that while Americans generally have a positive view of truck drivers, most respondents didn’t know that the parking shortage had a major impact on their quality of life.

One major...

https://www.freightwaves.com/news/loaded-and-rolling-truck-parking-survey-highlights-public-awareness-challenges

Weakness in freight shipments to linger, Cass says

14 March 2023

Shipment data captured by payment services provider Cass Information Systems was only off modestly in February while freight costs plummeted on a tough comp.

The Cass Freight Index registered a 0.3% year-over-year (y/y) decline in shipments while the expenditures component of the data set, which measures the total costs associated with shipping freight, fell 9.7% y/y. The costs index was up against a tough comp (up 42.2% y/y in February 2022).

Shipments were up 3.8% from January after five months...

Loaded and Rolling: BP buys TravelCenters of America; ATRI reveals top bottlenecks of ’23

16 February 2023

BP buys TravelCenters of America

(Photo: Jim Allen/FreightWaves)

On Thursday, according to a news release, BP Products North America Inc., a subsidiary of BP, reached an agreement to purchase TravelCenters of America for $1.3 billion in cash. The purchase of TA is expected to add around 280 travel centers and double BP’s global convenience gross margin.

Regarding the reasons behind the acquisition, the release noted growth opportunities in EV charging, biofuels, renewable natural gas (RNG) and...

https://www.freightwaves.com/news/loaded-and-rolling-bp-buys-travelcenters-of-america-atri-reveals-top-bottlenecks-of-23

Cass: January shipments better than expected; TL takes share from other modes

14 February 2023

More freight flowed into the truckload space during January, according to a Tuesday report from Cass Information Systems.

The shipments component of the Cass Freight Index was flat with December on a seasonally adjusted basis but down 3.2% on an unadjusted comparison. The index normally sees a low- to mid-single-digit sequential decline in January. Better weather during the month and improving auto production were cited as tailwinds.

On fourth-quarter earnings calls, some management teams...

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