A lot of the recent struggles for carriers originated in what many consider to be the most profitable year.
April’s 20% year-over-year declines in Cass data may mark the bottom of the COVID-19 downturn.
Many expected a worse outcome for carriers in March as a result of the COVID-19 outbreak. Ironically, the pandemic may have padded some 1Q results.
Transportation invoice volumes fall 7.5% for payment services provider Cass Information Systems.
Anthony and Zach discuss what to make of the first major U.S. carrier to report earnings during the COVID-19 outbreak along with the recent Cass, industrial production and retail releases.
Ware2Go is providing free logistical support to a New York City non-profit donating PPE supplies to medical workers. Plus, Cass Freight Index tumbles, oil prices continue to fall and airline stimulus funds hit a snag.
Cass data plummets further, erasing any chance of second-quarter year-over-year growth in shipments and freight costs, according to report.
Virus-related demand headwinds bring fresh declines in February Cass data. Visibility into a potential trucking recovery is further clouded.
When companies are moving midsize loads, it can be almost impossible to find that balance within the traditional full truckload (FTL) and less-than-truckload (LTL) models.
Declines in Cass data accelerate but report calls for rates to inflect higher in 2020.
Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.
The Cass Freight Index sees its steepest decline in shipments since the Great Recession.
Cass freight data shows softness again in November. While shipment declines extend to a full year, the rate of the declines may be moderating.
Chart of the Week: 3-Year-Old Used Truck Prices – USA, Cass Freight Shipments Index – USA SONAR: UT3.USA, CFIS.USA At this point the news and story of Celadon, the largest truckload failure in history has been covered extensively in the media. The 3,000+ trucking company was by far the largest to shut down in what has been […]
Cass announces two new partnerships designed to enhance the reporting and data methodology of its Cass Transportation Indexes.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
dexFreight has successfully completed a blockchain pilot program that saw a carrier receive payment from the shipper within minutes of making a delivery. Plus, Rivian moves closer to electric truck manufacturing in Indiana, and Emirates SkyCargo adds e-commerce delivery.
Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that the index is “signaling an economic contraction.”
A popular manufacturing index is signalling a rough ride for trucking after the holiday season.
The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.
The price of diesel fuel has an obvious impact on transportation providers costs, but it also can give insight into demand for their services.
Drones could someday deliver thousands of packages a day, but who will monitor all this air traffic?
The Cass Freight Index Report offers two questions. “Has economic contraction already begun? Will GDP be negative in Q2?”
The report showed further deceleration in the freight markets in May and warns an economic contraction could be underway.
April shipments were down 3.2 percent year-over-year, prompting Boughton to acknowledge “material and growing downside risk to the economic outlook” in the latest Cass Freight Index Report.
The Cass Truckload Linehaul Index reached another record high in October while the company’s Intermodal Price Index points to rising intermodal costs.
In her final conference call as CEO, PepsiCo’s Indra Nooyi presented their third-quarter results, once more pointing to transportation costs that threatened to eat into profits.
The Cass indexes are showing no signs of a freight slowdown, despite some concern that a peak may have been reached.
Flatbed demand, railroads’ chemical carload volumes, and the price of WTI crude are all bullish signals for an historically hot freight environment to continue through the rest of the year.
Citing depressed sales for products like its line of Yoplait yogurts and ‘rising commodity and freight expenses,’ General Mills announced it would eliminate hundreds of positions in an attempt to strengthen its margins.
Trucking contract rate increases tamp down volatility; Nikola Motor Company returns deposits on truck orders; Hunter Harrison was one of the highest paid CEOs in 2017; Xi Jinping takes the stage to defend Chinese trade practices; container lines enter bid season with a weak hand.
This week we are using the Cass Information Systems data to review what is happening in the economy overall.
