Nearshoring conversation is shifting the role of 3PLs

Nearshoring, the process of shifting all or part of operations from one of greater distance closer to home, has been a topic of discussion over the years by many companies – particularly in the U.S. regarding Mexico. However, due to evolving circumstances and changes in the economy and other factors, this action has been frequently dismissed over time. Since the pandemic, many more companies have started this conversation again and are turning to qualified third-party logistics partners that...

https://www.freightwaves.com/news/nearshoring-conversation-is-shifting-the-role-of-3pls

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

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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