Cass Freight Index: Freight Expenditures Hit Highest Level Since 1999
Freight expenditures increased for the third straight month during April while its 2.8% hike follows a 5.4% rise in March and an increase of 6.8% in February.


Freight expenditures moved up again in April, hitting its highest point in fifteen years, according to the latest Cass Freight Index.
At the same time, North American shipment volumes rose to their highest level since June 2011.
“Although the performance of the economy overall was very weak, freight has continued to gain momentum, indicating that the second quarter should be stronger,” said Rosalyn Wilson, supply chain expert and senior business analyst with the management consulting firm Delcan Corp., who provides analysis for the report
Shipment volume in April inched up 1.5% from March, a growth rate much slower than the previous two months, however, April freight shipments were 5.5% higher than a year ago, when volumes were moving in a downward direction.
According to Wilson the trucking industry has edged even closer to 100% utilization, while overall demand for spot market truck capacity has been very high as well.
Freight expenditures increased for the third straight month during April while its 2.8% hike follows a 5.4% rise in March and an increase of 6.8% in February.
“The tight capacity in the trucking sector has translated to rate increases, particularly in the spot market during the winter weather freight backlog,” said Wilson. “The fact that expenditures grew at almost twice the rate as volumes indicates that some ground was still gained in the rate arena. Higher rates are not coming fast enough, however, to save some trucking companies that are succumbing to higher costs.”
She pointed out the investment firm Avondale Partners reports that bankruptcies are on the rise again, having more than doubled from first quarter 2013 to first quarter 2014. First quarter bankruptcies were up 40% from the fourth quarter of 2013 and took almost 11,000 trucks off the road.
“Increasing costs, especially in driver training and retention, without corresponding rate increases are pushing many companies to the brink,” she said.
Wilson also said while the overall economy had its worst showing in several years, during the first quarter, the outlook for freight remains solid.
“The winter weather cannot be blamed for all of the economy’s doldrums, but it did cause some considerable pain for the freight sector. Despite that, freight volume was strong and, though moderating, will continue to expand” she said. “Growth in employment and manufacturing in some key sectors such as construction and motor vehicles is an indicator that the economy is strengthening. The fast-paced freight expansion from the first quarter should settle into moderate growth in the second quarter.”
The Cass Freight Index represents monthly levels of shipment activity, in terms of volume of shipments and expenditures for freight shipments and is based upon the domestic freight shipments of hundreds of Cass clients representing a broad spectrum of industries.
More Fleet Management

Freight Broker Bonds Just Got Harder to Get. Here's What That Means for Your Fleet.
When it gets harder for a freight broker to prove they are financially sound, the ones who cannot clear that bar get pushed out of the market. And those are exactly the brokers who used to leave motor carriers holding the bag.
Read More →
Long-Awaited Canadian Border Bridge to Open in Detroit
For trucking, the bridge opening should offer immediate improvements in efficiency and reliability, with new customs facilities, expanded inspection capacity, and direct freeway-to-freeway connections.
Read More →
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Freight Tonnage Down, Rates up, as Lower Capacity Powers Trucking Recovery
The recovery from the freight recession continues to be driven by reduction in capacity rather than by increased demand.
Read More →
Think Your Trucking Fleet Isn't Using Much AI? Think Again
Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.
Read More →
ArcBest Consolidates Brands, Cuts Workforce
The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.
Read More →
Trucking Fleets Faced Record Operating Costs During Third Year of Freight Recession
ATRI's annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.
Read More →
Michelin Adds AI Assistant to MyConnectedFleet Platform
Michelin’s new generative AI tool delivers instant fleet insights, helping managers analyze fuel use, tire maintenance, vehicle status, and operational performance without manually creating reports.
Read More →
LytxOne Platform Now Features AI, Compliance, and Asset Tracking Tools
New enhancements add AI-powered insights, asset tracking, compliance automation, and configurable privacy controls to Lytx's all-in-one fleet management platform.
Read More →
July Imports Poised to Set Container Record
The National Retail Federation projects July container imports will surpass the pandemic-era record as shippers frontload freight ahead of expected August tariff increases.
Read More →

