Tom Biery/Trans Pixs
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, increased 1.1% in November from a year ago. Expenditures increased 7.8% from 2012.
Expenditures — freight payments to carriers by shippers that are processed by Cass — increased 0.6% from October, St. Louis-based Cass Information Systems said. Month-to-month, shipments fell 1% from October.
“North American shipment volume continued on a downward path in November — not unexpected, as this
is the same weak year-end movement we have observed for the last three years,” Cass said in its report.
“Stronger than expected manufacturing activity and shipments of seasonal goods offset a general slowing of freight movements to temper the drop in shipment levels. Expenditures rose just slightly, largely because of a surge in spot market rates the last week of the month,” according to the report.