Cass Freight Index

December’s shipment reading—at 1.161—was down 3.9% annually, and December expenditures—at 4.231—fell 4.3%.

November’s shipment reading—at 1.201­—was down 0.4% annually, falling short of the 2.9% and 4.8% annual gains seen in October and September, respectively. November expenditures—at 4.476—increased 4.7%, below October’s 11.1% annual increase and was up 50.7% on a two-year stacked change basis.

October’s shipment reading—at 1.224—saw a 2.9% annual gain, falling short of the September’s 4.8% annual increase and was also below August’s 1.278 reading, which marked the highest level for shipments since May 2018. On the expenditures side, the report said that October’s 4.399 reading marked an 11.1% annual increase, and rose 52.4% on a two-year stacked change basis

September’s shipment reading—at 1.241—rose 4.8% annually, and freight expenditures—at 4.627—climbed 21.2% annually.

August’s shipment reading—at 1.278—increased 3.6% annually, and freight expenditures—at 4.614—increased 20.4%

July’s shipment reading—at 1.182—declined slightly annually, falling 0.4%, less than June’s 2.3% decrease, and July expenditures—at 4.499 increased 28.2% annually, while falling 3.6% compared to June.

June’s shipment reading—at 1.203—fell 2.3% annually, and June expenditures—at 4.665—rose 25.0% annually, slightly below May’s 27.5% annual gain.

May’s shipment reading—at 1.235—fell 2.7% annually, which was steeper than April’s 0.5% annual decline. And May expenditures—at 4.287—were up 27.5% annually, in line with April’s 30.6% annual gain and continuing to be paced by major inflation gains.

April’s shipment reading—at 1.172—saw a slim 0.5% increase, and April expenditures—at 4.510—saw a 30.6 annual gain, spurred on by a near 40-year high, for inflation.

March’s shipment reading—at 1.203—eked out a 0.6% annual increase, down 3.0% from February’s 3.6% annual increase and ahead of January’s 2.9% annual decline.

January’s shipment reading—at 1.078—fell 2.9% annually, coming off of a 7.7% annual gain in December. And January expenditures—at 4.027—saw a 31.2% annual increase, in tandem with U.S. wholesale inflation up 9.7% annually for the month, as per U.S. Department of Labor data.

December’s shipment reading—at 1.208—saw a 7.7% annual increase, and freight expenditures—at 4.419—increased 43.6%.

November’s shipment reading—at 1.206—saw a 4.5% annual increase, and freight expenditures—at 4.275—were up 43.9% annually.

The report’s shipment reading—at 1.184—eked out a 0.6% annual gain, well short of August’s 12.3% annual gain, and September freight expenditures—at 3.818—increased 32.2% annually, which is off from August’s 42.2% annual gain.

The report’s shipment reading—at 1.234—was up 12.3% annually, and freight expenditures—at 3.832—saw a 42.2% annual gain.