Data released Friday from Cass Information Systems (NASDAQ: CASS) shows the freight industry advanced at a blistering pace during May. The Cass Freight .
Combining all leased and independent operator clients of ATBS, average earnings for the first quarter were $16,481, or 67.7 cents per mile. At that pace, the year’s average for the group would total almost $66,000. For flatbedders it d be $73K-plus.
Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS) on Wednesday. The Cass Freight Index .
High trucking costs are expected to last through 2021, adding to retailers' challenges yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Cass: Q1 Earnings Snapshot
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The St. Louis-based company said it had net income of 49 cents per share.
The invoice and payment management company posted revenue of $37.1 million in the period.
Cass shares have climbed 17% since the beginning of the year. The stock has climbed 31% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CASS at https://www.zacks.com/ap/CASS Top Picks In Shopping