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
Read Evan's Posts
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.

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

Illustration of football stadium with bar graph and freight on dock
Fleet Managementby StaffFebruary 5, 2026

Trucking the Super Bowl: How Super Bowl LX Impacted Freight Volumes

Super Bowl LX drove a spike in trucking freight volumes into San Jose. New data shows which equipment types benefited most.

Read More →
Cyberstop column header depicting images related to threats, AI, and a locked cargo container
Fleet Managementby Ben WilkensFebruary 4, 2026

How Cybercrime Is Reshaping Cargo Theft and Fleet Risk in 2026

Artificial intelligence is changing how cybercriminals and cargo thieves target trucking fleets—and how fleets defend themselves. As phishing, impersonation, and cargo theft converge, cybersecurity is becoming a core part of fleet safety and operations.

Read More →
Fleetworthy Toll360 toll management system.
Fleet Managementby News/Media ReleaseFebruary 4, 2026

Fleetworthy's AI-powered Toll360 Gives Fleets Real-Time Toll Visibility and Automated Dispute Handling

Fleetworthy's new Bestpass Toll360 add-on uses route data and AI to predict toll charges, reconcile invoices, and automatically file eligible disputes—helping fleets cut manual work and recover overpayments.

Read More →
Ad Loading...
2026 Mack Anthem rolls off the assembly line
Fleet Managementby News/Media ReleaseFebruary 3, 2026

Mack Financial Services Launches Physical Damage Insurance For All Makes

Mack Financial Services has introduced the Rolling Asset Program, offering physical damage insurance for all makes and models within a customer's fleet.

Read More →
Illustration of phishing email with trucks in background
Fleet Managementby News/Media ReleaseFebruary 3, 2026

New Phishing Scheme Targets Motor Carriers, FMCSA Warns

Beware of a new phishing scheme targeting motor carriers. Scammers are sending emails posing as FMCSA or DOT officials to steal data.

Read More →
Daimler-Class8 partnership.
Fleet Managementby News/Media ReleaseFebruary 2, 2026

DTNA Partners with Class8 to Expand Digital Services for Freightliner Owner-Operators

A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.

Read More →
Ad Loading...
SponsoredFebruary 1, 2026

Reducing Fleet Downtime with Advanced Diagnostics

This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.

Read More →
SponsoredFebruary 1, 2026

Stop Watching Footage, Start Driving Results

6 intelligent dashcam tactics to improve safety and boost ROI

Read More →
M&A illustration with Werner and FirstFleet logos
Fleet Managementby Deborah LockridgeJanuary 29, 2026

Werner Expands Dedicated Fleet Nearly 50% With FirstFleet Acquisition

The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.

Read More →
Ad Loading...
Bobit Business Media B2X Rewards.
Fleet Managementby News/Media ReleaseJanuary 29, 2026

Bobit Business Media Launches B2X Rewards Engagement Program

B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.

Read More →