After a nearly two-year cycle of surging freight volumes, two key drivers of growth for the freight cycle--goods consumption and inventory restocking--are faltering.
Combined with a major improvement in driver availability (27,300 new jobs added in the past two months), all signs continue to point to a change in the trajectory of rates in the coming months.
Not a Straightforward Descent
| May 2022 | Year-over-year change | 2-year stacked change | Month-to-month change | Month-to-month change (SA) | |
| Cass Freight Index - Shipments | 1.235 | -2.7% | 31.7% | 5.4% | 4.0% |
| Cass Freight Index - Expenditures | 4.287 | 27.5% | 91.1% | -4.9% | -5.9% |
| Cass Inferred Freight Rates | 3.471 | 31.0% | NA | -9.8% | -9.5% |
| Truckload Linehaul Index | 168.6 | 13.2% | 29.1% | 0.9% | -- |
The Cass Transportation Indexes accurately measure changes in North American freight activity and costs based on $37 billion in paid freight expenses for the Cass customer base of hundreds of large shippers.
CSX Corp. will release second quarter financial and operating results after the market close on Wednesday, July 22, 2026.
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The Kenworth truck assembly plant in Chillicothe, Ohio, recently held the fifth annual Kenworth Truck Parade in the heart of downtown Chillicothe.
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