​Freight Spend, Shipments Soft Again In August – Tyler Durden

Freight Spend, Shipments Soft Again In August By Todd Maiden of FreightWaves August data from Cass Information Systems showed the freight market continues to trudge along what is expected to be a trough. Both shipments and freight spend stepped lower from year-ago levels. Shipments captured by the Cass Freight Index fell 1.9% year over year in August, following a 1.1% y/y decline in July. The August result came in ahead of a projected decline of 3%. “These were the smallest declines in 18 months as goods demand continues to grow slowly, and slowing capacity additions reduce the pressure on for-hire…  — Continue at ZeroHedge News : Read More