Two measures of freight shipping posted their first year-over-year improvements in more than 12 months, indicating there has been more than the usual fall surge in shipment volume.
After offering a glimmer of “less bad” hope in August, one measure of freight shipments data in September disappointed.
Freight shipments across all U.S. domestic modes continued improving in August but remain weak, according to the latest Cass Freight Index, while freight spending moved lower again with both resulting in mixed feelings when it comes to their economic impact.
Overall shipment volumes and pricing are persistently weak, with increased levels of volatility as all levels of the supply chain continue to try to work down inventory levels, according to the latest Cass Freight Index report.
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.
Although North American freight shipments continued to climb in May, they are still well below those of the last several years, and expenditures for freight fell for the third time in five months, according to the latest Cass Freight Index Report.
The amount of North America freight shipments and freight spending remain below levels from a year ago despite monthly gains, according to the latest Cass Freight Index report, and there is a concern conditions could get worse.
For many trucking companies business has slowed, and recent numbers bear this out, both in first-quarter earnings reports as well as in broader statistics.
Growth in freight shipments slowed in March, according to the latest Cass Freight Index Report, while freight spending turned negative – but a longer-term view of cargo movements and the overall economy appears at least somewhat brighter.
The number of North American freight shipments and the amount of expenditures both posted strong increases in February from the month before, according to newly released Cass Freight Index figures.
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