freight shipments Archives - Maritime Shipping News

March freight metrics flat with February, Cass data shows

15 April 2024

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

11 March 2024

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

16 January 2024

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

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

14 December 2023

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

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

October shipments hit cycle low, Cass says

14 November 2023

Freight shipments fell to a cycle low in October, according to data compiled in the Cass Freight Index.

A Tuesday report showed October shipments on Cass Information Systems’ platform were off 9.5% year over year (y/y) and 2.8% lower (seasonally adjusted) than in September. The sequential decline erased two months of gains. The data set has exposure to the auto industry and was likely impacted by recent work stoppages.

“The 2023 peak season is off to a muted start, but we think overall freight...

https://www.freightwaves.com/news/october-shipments-hit-cycle-low-cass-says

Shipments, costs decline further in April but inflection coming, Cass says

15 May 2023

April data from payment services provider Cass Information Systems showed optimism around “seasonal improvement in May” but noted the year-over-year (y/y) comps will remain depressed going forward.

The shipments component of the Cass Freight Index was down 2.4% y/y in April and 1.3% lower on a seasonally adjusted basis than in March. The sequential decline during the month followed a 3.8% drop in March.

April 2023	y/y	2-year	m/m	m/m (SA)
Shipments	-2.4%	-2.9%	-1.0%	-1.3%
Expenditures	-14.0...

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

14 February 2023

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: September increase in shipments a head fake

14 October 2022

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

14 September 2022

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: July trends ‘steady as she goes’

15 August 2022

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

+ More