December 7, 2009

Index hints at freight recovery

Key monthly index of U.S. shipping activity shows modest improvement in November.

By Mark B. Solomon

A key monthly index of U.S. shipping activity reported modest sequential improvement in November, giving rise to hopes the three-year freight recession may be coming to an end.

The index, published by freight audit and payment firm Cass Information Systems, is based on the expenditures and shipments of Cass's clients. In November, the freight expenditure index came in at 1.596, up from 1.51 in October and 1.55 in September. The shipment index came in at 0.947, up from 0.921 in October but still below the 0.966 reported in September, Cass said.

Since the start of 2009, the Cass index has fluctuated wildly. Shipment activity in February was ahead of January levels. The index then declined in March and April, increased in May and June, and declined in July, only to increase again in the next two months.

In a sobering reminder of how volumes have declined since 2006 and 2007, the shipment index was consistently in the 1.2 to 1.3 range during those two years, according to Cass data. The index has not exceeded 1.0 since November 2008.

In 2008, Cass audited about 26 million shipments representing roughly $17.5 billion in shipper expenditures.

About the Author

Mark B. Solomon
Executive Editor - News
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.

More articles by Mark B. Solomon

Resources Mentioned In This Article


Transportation Videos


Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Subscribe to DC Velocity


Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Index hints at freight recovery">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.