Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Freight Shipments, Expenditures Hit Highest Levels of 2016 but Will it Continue?

Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear if this is part of a larger trend.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
July 19, 2016
Freight Shipments, Expenditures Hit Highest Levels of 2016 but Will it Continue?

 

3 min to read


Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear whether this is part of a larger trend.

Ad Loading...

The June freight shipments index climbed 1.7% from the month before, but it is still 4.3% below last year’s level and 7.6% lower than in June 2014.

Ad Loading...

Rosalyn Wilson, supply chain industry analyst and founder/president of the consulting practice FreightMatters, who provides analysis for the report, says stores are already stocking school supplies, which accounts for some of the increase.

She notes that after particularly slow traffic in April and May, the Association of American Railroads reports that carload shipments rose 29.3% and intermodal shipments jumped 23.4% in June. Also, The American Trucking Associations reported that May truck tonnage was up 2.7%. However, figures released just hours before the Cass Index showed a 1.5% decline in ATA's tonnage in June, while May’s figures was revised higher showing a 2.9% gain.

In addition, the freight-matching service provider DAT reported that spot market loads increased 28% in June, “indicating that truck tonnage should be up in June also,” Wilson said – but that didn’t happen, at least with ATA numbers.

“June’s shipments are in step with patterns that have been observed in the past few years, but are still well below the volume in the last two years," she said. "July usually sees a dip in the number of freight shipments, but the first part of July [this year] seems to be fairly robust."

Total freight expenditures reported by Cass jumped 3.9% in June from May, the second largest increase this year, but it's 8.8% below the level of June 2015.

Ad Loading...

Wison said the increase can be attributed to growth in shipments.

“DAT reported that both volumes and rates were up for most spot market moves. Abundant available truck capacity has provided strong competition for rail intermodal, holding down rates for both,” she said. “With the relatively slow and bumpy freight market so far in 2016, rates should stay flat with expenditure changes tied closely to the volume of freight shipments.”

If all of this leaves you feeling a bit confused, you’re not the only one, with Wilson calling the first half of the year’s economic performance “perplexing.”

“Consumer spending has been growing, although the effect on freight is small, as most of this increase has been in the service sector. Inventories are mostly unchanged at uncomfortably high levels, but the inventory-to-sales ratio fell in April for the first time in over a year,” she said.

Wilson also noted exports and imports are down, residential and commercial construction has been slowing, and consumer spending on goods is weak.

Ad Loading...

“That said, the manufacturing sector is awakening with a 3.9% growth in production, 2.3% increase in new orders and an 11.7% growth in order backlog," she said. The Federal Reserve recently decided against another interest rate hike, citing ‘considerable uncertainty’ in the U.S. economic outlook and ‘vulnerabilities’ from abroad.

The bottom line, according to Wilson, is that while the economy in the second quarter was stronger than the first, “the mixed signals in the air make the third quarter uncertain.”

Data within the Cass Freight Index includes all domestic freight modes and is derived from $25 billion in freight transactions processed by Cass Information Systems annually on behalf of its client base of hundreds of large shippers, accordign to the company, while annual freight volume per organization ranges from $1 million to over $1 billion.

More Fleet Management

ATA President Chris Spear.
Fleet Managementby Jack RobertsMarch 17, 2026

ATA’s Spear Warns Fuel Prices, Trade Policy, and Global Conflict Could Stall Trucking Recovery

Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.

Read More →
Illustration of author headshot with black-and-white old-fashioned rig in the background

New Entrants, Chameleon Carriers, and Safety: Is It Too Easy to Start a Trucking Company?

More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.

Read More →
Panel discussion
Fleet Managementby Deborah LockridgeMarch 12, 2026

Fleet Managers Invited to Apply for Exclusive HDT Exchange Event

HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.

Read More →
Ad Loading...
DAT iPhone Widget.
Fleet Managementby News/Media ReleaseMarch 12, 2026

DAT Launches iPhone Widget to Help Owner-Operators Find Loads Faster

New DAT One feature shows top-paying loads directly on an iPhone’s home screen, helping carriers react faster to spot-market opportunities.

Read More →
Optimal Dynamics Scale screen shot
Fleet Managementby News/Media ReleaseMarch 12, 2026

Optimal Dynamics Launches AI System to Help Carriers Choose Better Freight

Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.

Read More →
DAT March 2026 trucking conditions.
Fleet Managementby Jack RobertsMarch 12, 2026

DAT: Flatbed Demand Climbs as Van and Reefer Rates Soften

DAT Freight & Analytics data shows tightening flatbed capacity, easing produce markets, and softening van and reefer rates.

Read More →
Ad Loading...
YouTube thumbnail with Mike Roeth of NACFE saying "NACFE's Messy Middle: Which Fuel Wins?"
Fuel Smartsby Deborah LockridgeMarch 11, 2026

Run on Less “Messy Middle” Data Shows Multiple Paths Forward for Truck Powertrains [Watch]

NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.

Read More →
Illustration of crowded New York street overlaid with dollar signs
Fleet Managementby Deborah LockridgeMarch 11, 2026

Federal Court Lets NYC Congestion Pricing Continue

A federal court ruling allows New York City’s congestion pricing program to continue, leaving truck tolls in place for fleets delivering into Manhattan.

Read More →
Fontaine Modification Access365
Fleet Managementby News/Media ReleaseMarch 10, 2026

Fontaine Modification Launches Real-Time Truck Modification Tracking Portal

Fontaine Modification has introduced a new customer portal designed to give fleets real-time visibility into the truck modification process, addressing one of the most common questions fleet managers face: “Where’s my truck?”

Read More →
Ad Loading...
FTR Tucking Conditions March 2026.
Fleet Managementby Jack RobertsMarch 10, 2026

FTR: Trucking Conditions Index Climbs to Highest Level Since 2022

Strong freight rates, rising volumes and tighter capacity push trucking conditions higher, though diesel prices could temper gains in the near term, FTR cautions.

Read More →