Cass Intermodal Price Index

Bigger freight declines in May highlight Cass data surprise

Unidentified truck on highway

The Cass Freight Index saw year-over-year declines widen in May, a result likely worse than many had been expecting.

The shipments component of the index fell 23.6% year-over-year in May, outpacing the 22.7% year-over-year decline reported in April. Freight expenditures dropped 21.2% year-over-year, worse than the 18.2% year-over-year decline reported in the prior month.

Shipments did improve slightly from April – up 1.6% sequentially.

Chart: Cass Freight Index – Shipments; Source: Cass...

https://s29755.pcdn.co/news/bigger-freight-declines-in-may-highlight-cass-data-surprise

Worst truckload linehaul data in 15 years may mark the bottom

Payment management solutions provider Cass Information Systems’ (NASDAQ: CASS) freight index fell mightily in April as expected. The shipments component of the index dropped 22.7% year-over-year with the expenditures component off 18.2% as the U.S. economy felt the brunt of a full month’s worth of lockdowns.

The report’s author, Stifel Financial (NYSE: SF) equity research analyst David Ross, said April marks the bottom. “May should be better, as the U.S. economy slowly begins to reopen and some...

https://s29755.pcdn.co/news/worst-truckload-linehaul-data-in-15-years-may-mark-a-bottom

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