Cass shipments data dips in November as pandemic worsens

Cass shipments data reverses in November

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

Cass shipments turn positive year-over-year in October

Unidentified truck on highway

The Cass Freight Index posted its first year-over-year shipments increase in nearly two years during October. Shipments climbed 2.4% during the month with expenditures rising 3.1%. Both were basically flat compared to September.

The Thursday report showed shipments posting their highest year-over-year growth since October 2018 and 27.8% above the April bottom.

“We should see this continue through year-end, assuming current freight trends continue, even with normal seasonal softening month to...

https://www.freightwaves.com/news/cass-shipments-turn-positive-year-over-year-in-october

Truckload earnings have good start, Cass data still ‘lagging’

Truck on highway with intermodal train in the background

The Cass Freight Index recorded sequential improvement from May to June, but the year-over-year declines remain large.

The June shipments component of the index was up 3.5% from May with freight expenditures improving 6.4%. However, the year-over-year declines for shipments (-17.8%) and expenditures (-18.3%) keep the indexes below pre-pandemic levels.

Chart: Cass Shipments – Cass Information Systems, Inc and Stifel research

“We were thinking the June rebound would have been stronger, based on what...

https://s29755.pcdn.co/news/truckload-earnings-have-good-start-cass-data-still-lagging

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