by George Jared (gjared@talkbusiness.net)
The United States has been mired in a “freight recession” for more than a year and Cass Freight Index numbers indicate it’s not over. The Index reported that freight shipments across North America were down 6.5% in December in a year-over-year comparison. The index reported a 3.1% decline from November and a 13.3% decline on a two-year stacked change. Freight expenditures were down 3.1% in December, and freight rates were up 3.3% in the same month, the Index reported.
Data within the Index includes all domestic freight modes and is derived from 36 million invoices and $38 billion in spending processed by Cass annually on behalf of its client base of hundreds of large shippers. The companies represent a broad sampling of industries, including consumer packaged goods, food, automotive, chemical, medical/pharma, OEM, retail, and heavy equipment, according to Cass Information Systems.
Arkansas Trucking Association (ATA) President Shannon Newton told Talk Business & Politics she is cautiously optimistic the freight recession could end in 2025, and the metrics seem to be improving.
State of the State 2025: Regulations, tariffs, costs part of trucking sector uncertainties
