J.B. Hunt and Wabash cut multiyear trailer dealWabash and J.B. Hunt Transport have signed a multiyear deal that will supply J.B. Hunt with 15,000 trailers. The size and scope of the pact are significant, as the past two years saw pandemic-related supply chain disruptions throttle up new trailer orders, causing the average age of existing trailers to rise. Older trailers mean more maintenance costs.
“The deal — the exact length was undisclosed — is significant,”...
Several analysts have published transportation outlook reports for 2021 that are calling for continued strength in the trucking markets. Some are expecting the favorable truckload fundamentals that were in place in the back half of 2020 to continue unchanged though 2021. However, others believe the TL trade has grown long in the tooth and are pivoting to a more meaningful industrial recovery, which supports an improving freight environment for less-than-truckload carriers and the railroads.
Poten...https://s29755.pcdn.co/news/2021-trucking-outlook-comes-into-focus
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
Cass Information Systems’ (NASDAQ: CASS) August report showed further sequential gains in the freight markets with shipments increasing 8% and expenditures climbing 9.9% from July.
Data for the month echoes other recent bullish trends and commentary from the trucking sector, showing that April was the bottom for volumes with continual improvement in freight demand since. Cass’ expenditures index shows freight payments troughed in May, improving each month after.
“This supports what we have heard...
https://s29755.pcdn.co/news/cass-sees-freight-trends-accelerate-sequentially-in-august
Freight data provided by Cass Information Systems for July continues to lag other market indicators. While the freight index displayed a 4.8% sequential monthly improvement in shipments from June to July, with expenditures increasing 2.8%, the dataset is still a long way off of prior-year levels, posting a 13.1% year-over-year decline in shipments, with expenditures falling 14.3%.
The report’s author, Stifel Financial (NYSE: SF) equity research analyst David Ross, pointed to headwinds like...
https://www.freightwaves.com/news/sluggish-recovery-in-cass-freight-data
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.
“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
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.
https://s29755.pcdn.co/news/bigger-freight-declines-in-may-highlight-cass-data-surprise
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