Cass TL Linehaul Index

July Cass data reflective of cycle bottom

Monthly freight data compiled by Cass Information Systems showed year-over-year declines in shipments and expenditures narrowed in July.

The shipments component of the Cass Freight Index was down just 1.1% y/y during the month, the smallest y/y decline in 17 months, and supports the view that the worst of this cycle has passed. The subindex bounced back from an unseasonally weak June report. July shipments captured by the dataset increased 3% from June (3.1% higher after seasonal adjustments).

The...

https://www.freightwaves.com/news/july-cass-data-reflective-of-cycle-bottom

February brings slight relief to freight cycle’s ‘long bottom,’ Cass says

Freight shipments and expenditures improved from January to February but remained underwater compared to last year, Monday data from the Cass Freight Index showed.

Shipments increased 7.3% from January, up 2% when adjusted for normal seasonal trends, and were just 4.5% lower year over year (y/y). The y/y decline was the smallest in 10 months and 3.1 percentage points lower than January’s decline.

Severe winter weather in January as well as an extra day in February favorably impacted the...

https://www.freightwaves.com/news/february-brings-a-little-relief-to-freight-cycles-long-bottom-cass-says

Cass: ‘Considerable cost relief is now highly probable for 2023’

Shipments and freight costs were up again in October on a year-over-year (y/y) comparison, according to data from Cass Information Systems. However, the Monday report cautioned that a modest increase in volumes was due to a variety of circumstances that are unlikely to recur and that shipments will likely turn negative y/y by next month.

The shipments component of the Cass Freight Index increased 2.9% y/y during the month but fell 1.4% from September. The change marked the second straight...

https://www.freightwaves.com/news/cass-considerable-cost-relief-is-now-highly-probable-for-2023

Cass: September increase in shipments a head fake

Multiple trucks on the highway

Both freight shipments and costs stepped higher year over year (y/y) in September, according to Cass Information Systems. However, the comps become more formidable moving forward as the freight economy distances from record levels.

Shipments increased 4.8% y/y in September but were 2.9% lower than August levels. The shipments component of the Cass Freight Index reached a more than four-year high in August.

“U.S. freight volumes continued to exceed low expectations in September with more buoyant...

https://www.freightwaves.com/news/cass-september-increase-in-shipments-a-head-fake

Cass: August freight volumes at 4-year high; linehaul rates down 3rd straight month

A rearview of tractor-trailers on highway

Freight shipments advanced to more than a four-year high in August, according to data provided by Cass Information Systems on Wednesday. Freight costs increased again from 2021 levels but at a slower pace.

The Cass Freight Index showed shipments were up 3.6% year over year in August and 5.5% higher than in July on a seasonally adjusted basis. Additionally, July data was revised to a growth rate of up 1.9% y/y versus the initial report, which displayed a 0.4% gain. The August reading was the best...

https://www.freightwaves.com/news/cass-august-freight-volumes-at-4-year-high-linehaul-rates-down-3rd-straight-month

Cass: Omicron hits January volumes; costs, rates still way up

Freight expenditures index likely to increase 20% in 2022 (Photo: Jim Allen/FreightWaves)

Freight shipments fell 7.4% seasonally adjusted from December to January, according to a Monday report from Cass Information Systems. The volumes component of the Cass Freight Index was also 2.9% lower year-over-year. The report called out a rise in omicron cases as the reason.

The drop in volumes “is about as good an answer as we have to the question of how big an impact Omicron-related absenteeism and quarantines had on the freight economy,” ACT Research’s Tim Denoyer commented in the report.

He...

https://www.freightwaves.com/news/cass-omicron-hits-january-volumes-costs-rates-still-way-up

Cass index on freight costs to climb 25% in 2022

Cass data up and to the right in December

Another month, another increase in freight shipments and expenditures, according to a Wednesday report from Cass Information Systems. The Cass Freight Index saw shipments move 7.7% higher year-over-year in December with expenditures up 43.6%.

Freight found its way through the supply chain and to consumers during the holiday season even as congestion and bottlenecks remained formidable. The shipments subindex increased 4.2% seasonally adjusted from November with the monthly year-over-year growth...

https://www.freightwaves.com/news/cass-index-on-freight-costs-to-climb-25-in-2022

Cass: High rates push freight costs to new record

Cass sees shipments, expenditures climb again in November

Shipments stepped higher again in November with freight expenditures continuing to surge, according to a Tuesday report from Cass Information Systems.

The Cass Freight Index recorded a 4.5% year-over-year increase in shipments, up 2.6% from October seasonally adjusted. The expenditures component jumped 43.9% from a year ago and 10.2% sequentially.

The expenditures index logged in at a new record and 52.1% higher than November 2019. The two-year growth rate was the highest on record in nearly a...

https://www.freightwaves.com/news/cass-high-rates-push-freight-costs-to-new-record

Freight costs see June surge; ‘tougher comps’ coming

The large year-over-year increases in Cass data continue during June

Freight expenditures surged in June, according to data provided by Cass Information Systems (NASDAQ: CASS) on Monday.

The expenditures component of the Cass Freight Index increased 56.4% year-over-year and was 11% higher than the May reading (9.4% higher sequentially on a seasonally adjusted basis). The month marked the fastest year-over-year growth rate on record for the subindex, besting the near-50% increase logged in May.

While the comparisons are distorted by a precipitous drop in demand due...

https://www.freightwaves.com/news/freight-costs-see-june-surge-tougher-comps-coming

February weather only temporary impediment to freight cycle: Cass

Cass data set to accelerate through second quarter

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 increases

The 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

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