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