freight expenditures

March freight metrics flat with February, Cass data shows

Freight shipments and expenditures in March were largely in line with February, underperforming normal seasonal trends, according to the Cass Freight Index published Monday. The year-over-year (y/y) declines in both data sets eased again during the month.

March shipments were down 2.3% seasonally adjusted from February and 3.6% from the same month last year. Without the seasonal adjustment, March volumes were down 0.2% sequentially. However, February did include one extra day this year.

The...

https://www.freightwaves.com/news/march-freight-metrics-flat-with-february-cass-data-shows

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

Truckload linehaul rates stabilizing, Cass report shows

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Year-over-year (y/y) declines in freight shipments and spend continued to taper during December,...

https://www.freightwaves.com/news/truckload-linehaul-rates-stabilizing-cass-report-shows

Freight cycle bottom continues to form in November

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Freight shipments and expenditures dipped further in November, according to data compiled in the...

https://www.freightwaves.com/news/freight-cycle-bottom-continues-to-form-in-november

Cass: January shipments better than expected; TL takes share from other modes

More freight flowed into the truckload space during January, according to a Tuesday report from Cass Information Systems.

The shipments component of the Cass Freight Index was flat with December on a seasonally adjusted basis but down 3.2% on an unadjusted comparison. The index normally sees a low- to mid-single-digit sequential decline in January. Better weather during the month and improving auto production were cited as tailwinds.

On fourth-quarter earnings calls, some management teams...

Cass: July trends ‘steady as she goes’

A white tractor pulling a white trailer on the highway

Freight shipments and costs saw more subdued changes in July, according to data provided by Cass Information Systems on Monday.

The shipments subset of the Cass Freight Index inched 0.4% higher year over year (y/y) during the month and was 0.6% higher than June on a seasonally adjusted basis.

“Freight demand has flattened out this year with inflation near 9% and significant substitution from goods back to services,” ACT Research’s Tim Denoyer concluded. “Considering the extraordinary goods...

https://www.freightwaves.com/news/cass-july-trends-steady-as-she-goes

Decline in June shipments signals ‘soft patch’

A white truck and trailer on a highway

Freight shipments fell 4.1% sequentially in June, reversing all of May’s gain, according to data provided by Cass Information Systems on Wednesday. On a year-over-year comparison, the monthly volumes data set was down for the fourth time in the first half of 2022.

The Cass Freight Index continued to moderate during June alongside macroeconomic data points. With a cooling in consumer spending and new highs in inflation (9.1% annualized, according to June data released by the Bureau of Labor...

https://www.freightwaves.com/news/decline-in-june-shipments-signals-soft-patch

Shipments bounce back in May, expenditures dip from record highs

A white tractor pulling a white trailer

Freight shipments bounced back in May as transportation costs retreated from record highs, according to a report from Cass Information Systems.

The shipments component of the Cass Freight Index increased 5.4% from April (4% higher on a seasonally adjusted basis), which more than recouped April’s 2.6% decline. Compared to 2021, shipments were 2.7% lower “on a tough comparison.”

“After a nearly two-year cycle of surging freight volumes, two key drivers of growth for the freight cycle — goods...

https://www.freightwaves.com/news/shipments-bounce-back-in-may-expenditures-dip-from-record-highs

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

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