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North American shipment volumes and total spending on freight both dropped in January, according to the Cass Freight Index, but they were also at their highest level for the month in at least three years.
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A new report shows freight shipments and expenditures in shipping fell in the final month of 2014 but posted gains for the entire year.
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The newly released November Cass Freight Index shows a drop in total freight expenditures of 0.7% and a corresponding decline in shipment volumes of 0.2%, however the level was higher than expected, pointing to strong finish for 2014.
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Some freight is having trouble entering the country and moving quickly to final end users while, the “transportation ecosystem is finding itself in turmoil” as freight shipments, particularly imports, climb in anticipation of a stronger holiday shopping season this year.
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The freight logistics sector was relatively flat in September, with a drop in North American shipment volume and a slight increase in total freight expenditures, or payments, according to the latest Cass Freight Index.
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North American freight volumes bounced back in August from a normal July dip, but it did not lead to a similar increase in freight spending, according to the Cass Freight Index.
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The freight logistics sector slowed in July, following a seasonal trend, with both freight shipments and freight payments down 3.9% from the previous month, according to the latest Cass Freight Index.
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The freight logistics sector continued to strengthen in June, with both shipment volumes and expenditures rising once again, according to the Cass Freight Index.
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North American freight shipments and expenditures continued to buck the historic trend and increased again in May, according to the latest Cass Freight Index.
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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.
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