We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Truck volumes up in August, but spending fell, Cass report said
newsworthy

Truck volumes up in August, but spending fell, Cass report said

September 10, 2014
DC Velocity Staff
No Comments

North American truck shipment volumes rebounded in August from a lackluster July, but spending declined, as rates remained stubbornly flat, according to the monthly Cass Freight Index released yesterday.

The index, published by Cass Information Systems Inc., a freight audit and payment company, said volumes in August rose 2.3 percent over July results, which showed a 3.9 percent sequential drop. However, freight expenditures dipped sequentially by 0.3 percent. Capacity was not as tight as expected, as evidenced by a weakening throughout the month in spot-market rates, which are prices for noncontract freight. Spot rates soared to unprecedented levels during the first quarter, as bad winter weather curtailed scheduled capacity and put a premium on available space.

Spot rates then continued to remain strong through the first half of the year, according to Cass.

Freight spending in August was 8 percent higher than year-earlier figures and 10.8 percent above December 2013 levels, according to the index. Capacity is expected to tighten anew in September, traditionally the third quarter's strongest month as holiday goods begin to enter the country, according to Cass. However, Cass said that based on last month's trends there is no guarantee that scarce capacity will translate into higher rates, at least in the contract market, which accounts for about three-quarters of all truckload capacity.

Rosalyn Wilson, the report's author, has said that 2014 will be the best year for freight since 2006, which marked the start of a prolonged freight recession that was worsened by the Great Recession that followed. Wilson said that demand should continue to be strong through the rest of the year, unlike previous post-recession years when otherwise solid performances were marred by weak fourth quarters.

In a statement accompanying the data, Wilson wrote that "economic indicators still show hope that the fourth quarter ... may not experience the dramatic drop-off that has come to characterize the economy's performance since the recession."

The monthly data is based on the $22 billion in annual freight payables that Cass processes on behalf of its clients.

Transportation Trucking Less-than-Truckload
KEYWORDS Cass Information Systems
  • Related Articles

    Freight shipments, spending lagged in January, but rose year-over-year, Cass said

    Cass freight index turns up in August

    Domestic shipments toted up best November activity since '07, Cass report finds

  • Related Events

    Digital Transformation in Supply Chain & Logistics

Recent Articles by DC Velocity Staff

Demand for robotic goods-to-person systems to quadruple through 2023

Werner sells off freight forwarding arm to focus on North American logistics business

Panama Canal forms deal to optimize vaccine distribution

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • Biden names dozens of senior leaders to DOT, including FMCSA and FRA

  • Outlook 2021: What’s in store for logistics supply chain?

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

  • Thriving in the long haul: interview with Colin Yankee

Now Playing on DCV-TV

Sick agv demo thumbnail

Optimize Load Handling Tasks with Industrial Mobile Robots

DCV-TV 4: Viewer Contributed
Intelligent sensors detect the presence of goods, check for empty shelves, or the correct alignment on the mobile platform towards the freight. The solutions range from simple detection sensors, thorough measuring devices, and 2D LiDAR sensors.

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing