Freight Shipments Drop in July, Up for Year

Freight slowed in July, with both freight shipments and freight payments down 3.9 percent from the prior month.

According to Cass Information Systems, “this drop was consistent with previous summers’ drops.”

Nonetheless, shipment volumes still come in at 4.2 percent higher than activity from the previous year.

On the expenditures side, the July freight expenditures fell in tandem with shipments, dropping 3.9 percent from June levels.

Category: General Update