A lack of transportation capacity continued to weigh on freight shipments in October. The shortfall in supply to meet demand led to another significant jump in costs during the month, according to a Monday report from Cass Information Systems.
The shipments component of The Cass Freight Index increased 0.8% year-over-year during the month (2.8% higher than September on a seasonally adjusted comparison), with the expenditures dataset up 37.2% year-over-year (+3.9% seasonally adjusted from the...
September data from Cass Information Systems showed shipments fell victim to supply chain and capacity constraints while expenditures, a proxy for pricing, surged forward.
The shipments component of the Cass Freight Index (NASDAQ: CASS) slid 4.9% seasonally adjusted from August, according to the Wednesday report. The dataset was 0.6% higher than September 2020, which marked 12 straight months of year-over-year gains.
Some of the deceleration in freight volumes was pinned on Hurricane Ida and a...
August data from Cass Information Systems shows a sequential surge in expenditures, a proxy for freight rates, with shipments stepping higher as well. The year-over-year comparisons for both subindexes were materially higher again.
Freight rates up and to the rightThe expenditures component of the Cass Freight Index (NASDAQ: CASS) jumped 11.3% from July on a seasonally adjusted basis, 42.2% higher year-over-year. Roughly 90% of the increase in the index was tied to higher freight rates. Compared...
https://www.freightwaves.com/news/rates-red-hot-in-august-shipments-high-but-capacity-constrained
Labor challenges and equipment “bottlenecks” throughout the supply chain limited freight shipments in July but costs surged again, largely due to those capacity headwinds, according to data released by Cass Information Systems Thursday.
The shipments component of the Cass Freight Index (NASDAQ: CASS) declined 3.1% (seasonally adjusted) from June but remained 15.6% higher year-over-year and 0.5% higher than July 2019. Part of the decline was due to weaker rail shipments as chassis shortages...
https://www.freightwaves.com/news/freight-costs-high-again-in-july-bottlenecks-hamper-shipments
Data released Friday from Cass Information Systems (NASDAQ: CASS) shows the freight industry advanced at a blistering pace during May. The Cass Freight Index logged the highest-ever growth rates in the shipments and expenditures components of the dataset’s more than 30-year history.
The May report showed the shipments index jumped 35.3% higher year-over-year. While the comparisons reflect year-ago demand weakness as large parts of the nation and economy remained under lockdown, the index...
https://www.freightwaves.com/news/freight-boom-barrels-through-may-cass-reports
Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS) on Wednesday.
The Cass Freight Index returned a 27.6% year-over-year increase in shipments with the expenditures component of the index jumping 45.1%. The comparisons to the prior year reflect widespread quarantine mandates that brought the economy to a temporary halt.
The year-over-year growth rate for shipments was a new record, outpacing the rate of recovery seen following...
https://www.freightwaves.com/news/april-freight-trends-jump-2021-to-be-extraordinarily-strong-year
Freight expenditures surged with another step higher in volumes, according to March data released by Cass Information Systems (NASDAQ: CASS) on Friday. The Cass Freight Index posted cycle highs with the expenditures’ subindex displaying a new record.
The proxy for freight payments was 27.5% higher year-over-year and 7.9% higher than February. This was the third all-time high recorded in the dataset over the past four months. The report said that the increase in the overall index was equally...
https://www.freightwaves.com/news/shipments-up-freight-spend-way-up-cass-reports
Data released Thursday by Cass Information Systems (NASDAQ: CASS) highlighted advances in the company’s shipments and expenditures indexes during January. The shipments component increased 8.6% year-over-year with the expenditures index surging 19.5%.
The data showed shipments improved 3% from December on a seasonally adjusted basis, which was the largest move since September.
“This acceleration takes us another step closer to the strong growth environment which we expect to continue in 2021, due...
https://www.freightwaves.com/news/rates-surge-no-significant-rate-relief-in-2021-cass-says