Cass Freight Index Falls 7.8% YoY in August, Lowest Since 2020
The North American shipping activity tracker records its 30th consecutive monthly decline, signaling continued weakness in the US freight sector.
Summary
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Terms & Concepts
Cass Freight Index: A widely used indicator tracking shipment volumes and expenditures across North America, providing insights into freight market conditions.
YoY (Year-over-Year): A comparison of data for a specific period with the same period in the previous year, used to measure growth or decline over time.