Cass freight index slips in January

February 8, 2010

A monthly index of domestic shipping activity published by freight audit and payment firm Cass Information Systems declined in January, marking the second consecutive month of sequential declines for the closely watched index.

However, the index last month rose 5.6 percent over January 2009 levels, recorded near the depths of the recession. The year-over-year increase was significantly higher than similar comparisons for November and December.

The index is based on the expenditures and shipments of Cass's clients. In January, the freight expenditure index came in at 1.462, while the shipment index came in at 0.899. In December, the expenditure index came in at 1.528 and the shipment index at 0.919. For the prior month, the numbers were 1.596 and 0.947, respectively.

Cass executives were unavailable to comment on the results.

Transportation

KEYWORDS Cass Information Systems

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.

Cass freight index slips in January

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