August Cass Freight Index shipments and expenditures fall annually ...
The Cass Freight Index for August showed a decline in freight shipments and expenditures compared to the previous year. Shipments fell 10.6% annually and expenditures were down 25% annually. The decline in shipments may be due to private fleets insourcing freight from the for-hire market. Despite the decline, the U.S. economy is accelerating, with GDP growth expected for the third quarter. However, fuel price increases could limit savings for shippers.
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Frequently Asked Questions
Q: What is the August Cass Freight Index?
A: The August Cass Freight Index is a measure of shipping activity and expenditures in the transportation industry.
Q: Why do the August Cass Freight Index shipments and expenditures fall annually?
A: The decline in shipments and expenditures in the August Cass Freight Index can be influenced by various factors such as economic conditions, industry trends, and seasonal fluctuations.
Q: Where can I find more information about the August Cass Freight Index?
A: For more detailed information about the August Cass Freight Index, it is recommended to visit the official Cass Information Systems website or contact their customer support.
Q: Can I access historical data for the August Cass Freight Index?
A: Yes, historical data for the August Cass Freight Index can usually be found on the official Cass Information Systems website or other reliable industry sources.
Q: Are there any resources that provide updates on the Cass Freight Index?
A: Yes, you can find regular updates and news about the Cass Freight Index on the official Cass Information Systems website or by subscribing to their newsletters and industry publications.
Q: How can I interpret the Cass Freight Index data?
A: Interpreting the Cass Freight Index data requires understanding the specific metrics and indicators used in the index. It is recommended to consult the official documentation or seek expert analysis to gain a comprehensive understanding.
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