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0 0 0.00212464589235136 0.00212464589235136 -0.00188857412653443 0.00212464589235136 -0.000708215297450284 0.00118035882908414
Stock impact report

Freight Spend, Shipments Soft Again In August [zero hedge]

Cass Information Systems, Inc (CASS) 
US:NASDAQ Investor Relations: ir.cassinfo.com
Company Research Source: zero hedge
Freight Spend, Shipments Soft Again In August By Todd Maiden of FreightWaves August data from Cass Information Systems showed the freight market continues to trudge along what is expected to be a trough. Both shipments and freight spend stepped lower from year-ago levels. Shipments captured by the Cass Freight Index fell 1.9% year over year in August, following a 1.1% y/y decline in July. The August result came in ahead of a projected decline of 3%. “These were the smallest declines in 18 months as goods demand continues to grow slowly, and slowing capacity additions reduce the pressure on for-hire shipments,” the Monday report stated. The volume dataset improved 1% seasonally adjusted from July, a second consecutive monthly increase (up 3.1% seasonally adjusted in July) but remained 12.3% lower than the 2022 level. The shipments index is expected to be down 3% y/y in September and off 3% to 4% for all of 2024 after a 5.5% decline last year. The update from Cass appears to be in line Show less Read more
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