Freight Index Jumps 12.9 Percent
Strong growth from last year comes with signs of stability in demand, pricing The Cass Freight Index of U.S. shipping
But Cass Information Systems index of freight shipments also grew a more
modest 1.7 percent on a month-to-month basis, signaling the recovery in
shipping demand is leveling off.
The index, which had been showing strong acceleration on a
month-to-month basis since December, was at its highest point since
November 2008, at the start of the recession.
Shipper spending on transportation, based on the Cass index of
expenditures, also grew at a 21 percent rate compared to April a year
ago, also the strongest year-over-year increase since the downturn.
The expenditures index edged up 1.6 percent in April from March, a sign
of stability in transportation rates in domestic shipping.
Source: Journal of Commerce
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