Cass Information Systems Inc. (NASDAQ: CASS) recently launched Cass FreightClaim360, a freight claims management application for carriers and logistical service providers.
Cass FreightClaim360 is a cloud-based software that focuses on helping carriers automate each step of a claim’s life cycle while gaining extensive visibility into the details of each claim.
Jeff Carlson, Cass’ global vice president of sales and marketing, said the platform enables a carrier to log an incident as a starting...
Data released Friday from Cass Information Systems (NASDAQ: CASS) shows the freight industry advanced at a blistering pace during May. The Cass Freight Index logged the highest-ever growth rates in the shipments and expenditures components of the dataset’s more than 30-year history.
The May report showed the shipments index jumped 35.3% higher year-over-year. While the comparisons reflect year-ago demand weakness as large parts of the nation and economy remained under lockdown, the index...
https://www.freightwaves.com/news/freight-boom-barrels-through-may-cass-reports
Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS) on Wednesday.
The Cass Freight Index returned a 27.6% year-over-year increase in shipments with the expenditures component of the index jumping 45.1%. The comparisons to the prior year reflect widespread quarantine mandates that brought the economy to a temporary halt.
The year-over-year growth rate for shipments was a new record, outpacing the rate of recovery seen following...
https://www.freightwaves.com/news/april-freight-trends-jump-2021-to-be-extraordinarily-strong-year
Freight expenditures surged with another step higher in volumes, according to March data released by Cass Information Systems (NASDAQ: CASS) on Friday. The Cass Freight Index posted cycle highs with the expenditures’ subindex displaying a new record.
The proxy for freight payments was 27.5% higher year-over-year and 7.9% higher than February. This was the third all-time high recorded in the dataset over the past four months. The report said that the increase in the overall index was equally...
https://www.freightwaves.com/news/shipments-up-freight-spend-way-up-cass-reports
February data from Cass Information Systems (NASDAQ: CASS) shows the impact winter storms had on freight markets during the month.
February speed bump will give way to larger increasesThe shipments subindex increased 4.1% year-over-year, up 1.8% sequentially. The year-over-year growth rate for the month was less than half that recorded in January. On a seasonally adjusted basis, the index came in 3.2% lower sequentially.
“This slowdown reflects both the short-term weather effects and likely...
https://s29755.pcdn.co/news/february-weather-only-temporary-impediment-to-freight-cycle-cass
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, freight rates are continuing to rise and there doesn’t appear to be any slowdown in the immediate future. Plus, the Federal Motor Carrier Safety Administration and safety groups have asked for an hours-of-service lawsuit to be suspended as the agency ponders its next steps, and on-demand driver platform Haul is attracting an impressive set of investors.
No relief in sightSurging rates are showing no...
https://s29755.pcdn.co/news/the-daily-dash:-runaway-rates;-hos-reset
Data released Thursday by Cass Information Systems (NASDAQ: CASS) highlighted advances in the company’s shipments and expenditures indexes during January. The shipments component increased 8.6% year-over-year with the expenditures index surging 19.5%.
The data showed shipments improved 3% from December on a seasonally adjusted basis, which was the largest move since September.
“This acceleration takes us another step closer to the strong growth environment which we expect to continue in 2021, due...
https://www.freightwaves.com/news/rates-surge-no-significant-rate-relief-in-2021-cass-says
U.S. freight rates surged in December, setting the stage for a powerful pricing tailwind in 2021, according to a monthly index published by freight audit and payment firm Cass Information Systems Inc. (NASDAQ:CASS) and released on Thursday.
The Cass freight expenditures index jumped 13% year-on-year, according to the index, which is based on about $28 billion in annual freight payments that Cass audits. The freight expenditures subindex, which measures changes in pricing action, rose 6.8%...
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, transportation analysts expect a continued run of strength for the sector throughout 2021. Plus, Central Freight Lines is being sued for nonpayment of invoices, and International Roadcheck compliance numbers improve in 2020.
The bulls ruleAnalysts remain bullish on the transportation sector heading into 2021, but they remain divided on which segment of the sector will benefit most in the new year.
Tod...
Cass announced Thursday that the November freight shipments index recorded a second consecutive month of year-over-year gains, up 2.7%, with the expenditures index remaining above prior-year levels for the third straight month, up 5.7%.
However, the shipments dataset dipped 2.2% from October, down 1% on a seasonally adjusted basis. The sequential decline was the first since April, “likely due to the worsening pandemic numbers impacting the trajectory of the recovery,” according to the author,...
https://www.freightwaves.com/news/cass-shipments-data-dips-in-november-as-pandemic-worsens