Tim Denoyer Archives - Maritime Shipping News

Cass reports ‘freight slowdown’ in March

13 April 2022

Freight shipments advanced in March but at a slower pace, according to data released Wednesday from Cass Information Systems. Freight expenditures, however, continued upward at a blistering pace.

The volumes subset of the Cass Freight Index increased just 0.6% year-over-year in March, 300 basis points slower than the growth rate logged a month ago. The dataset was also 1% lower than February when seasonally adjusted.

“While a few points of softness in Q1 were due to omicron-related absenteeism,...

https://www.freightwaves.com/news/cass-reports-freight-slowdown-in-march

Shipments rebound in February, costs at record levels

14 March 2022

Freight costs 66% higher than in February 2020.

Freight shipments were up in February following an omicron-related dip in January, according to Cass Information Systems. A Monday report showed the shipments index increased 3.6% sequentially on a seasonally adjusted basis and by the same percentage compared to the year-ago period.

The volumes dataset clawed back nearly half of January’s decline. An elevated number of cases were reported in early February, which meant absenteeism was still a headwind to freight flows to start the month.

“Omicron...

https://www.freightwaves.com/news/shipments-rebound-in-february-costs-at-record-levels

Cass: Omicron hits January volumes; costs, rates still way up

14 February 2022

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

Freight costs high again in July; ‘bottlenecks’ hamper shipments

12 August 2021

Transportation industry suffers from too much of a good thing

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

Freight boom barrels through May, Cass reports

11 June 2021

Highest-ever growth rates recorded in shipments and expenditures indexes

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

April freight trends jump, 2021 to be ‘extraordinarily strong year’

12 May 2021

Cass data to remain strong through at least third quarter

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

February weather only temporary impediment to freight cycle: Cass

18 March 2021

Cass data set to accelerate through second quarter

February data from Cass Information Systems (NASDAQ: CASS) shows the impact winter storms had on freight markets during the month.

February speed bump will give way to larger increases

The shipments subindex increased 4.1% year-over-year, up 1.8% sequentially. The year-over-year growth rate for the month was less than half that recorded in January. On a seasonally adjusted basis, the index came in 3.2% lower sequentially.

“This slowdown reflects both the short-term weather effects and likely...

https://s29755.pcdn.co/news/february-weather-only-temporary-impediment-to-freight-cycle-cass