North American Freight Shipments Experience Largest Decline Since 2009
Highlights from January’s CASS indexes
- North American freight volumes fell 9.4% year over year in January, marking the largest decline since 2009
- With excess capacity, truckload linehaul rates remain down year over year (-6.3%)
- Intermodal shipping costs fell -2.5% after small increases in November & December.
- Coronavirus creates uncertainty around containment and eventual impact on global supply chains.
The Cass Transportation Indexes accurately measure changes in North American freight activity and costs based on $28 billion in paid freight expenses for the Cass customer base of hundreds of large shippers.
Category: Featured, General Update, News
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