Cass Transportation Index Shows Freight Rebound While Headwinds Persist
Photo: TokenPost
The Cass Transportation Index showed signs of a developing freight-market recovery in September, as shipment volumes rose 1.9% from a year earlier for a second consecutive monthly gain after a prolonged period of declines. The latest increase suggests freight activity is beginning to stabilize, but the recovery remains early. Two consecutive year-over-year gains do not yet establish a sustained improvement in transportation demand. Retail and industrial expansion, inventory restocking and rising equipment sales are supporting demand for for-hire transportation. Those factors are helping freight activity improve after the extended downturn.
Source: TokenPost
