this index shows a little bit of growth in shipping for 3rd qtr. that might seem like the good news.
on the other hand, total amount of stuff being shipped around america is No higher today than what it was in 2018. (that is the bad news).
Since 1995, the Cass Freight Index® has been a trusted measure of the North American freight market. Our monthly data and the Cass Transportation Index Report provide valuable insight into freight trends as they relate to other economic and supply chain indicators and the overall economy.
Data within the Index includes all domestic freight modes and is derived from 37 million invoices and $37 billion in spend processed by Cass annually on behalf of its client base of hundreds of large shippers. These companies represent a broad sampling of industries including consumer packaged goods, food, automotive, chemical, medical/pharma, OEM, retail and heavy equipment. Annual freight volume per organization ranges from $40 million to over $2 billion. The diversity of shippers and aggregate volume provide a statistically valid representation of North American shipping activity.
Read our monthly report, typically released on the 12th of the month, for analysis and commentary on the Cass Freight Index, the Cass Truckload Linehaul Index®, and the current state of the freight market.