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Freight expenditures surged with another step higher in volumes, according to March data released by Cass Information Systems (NASDAQ: CASS) on Friday. The Cass Freight Index posted cycle highs with the expenditures’ subindex displaying a new record. The proxy for freight payments was 27.5% higher year-over-year and 7.9% higher than February. This was the third all-time high recorded in the dataset over the past four months. The report said that the increase in the overall index was equally driven by volumes and rates. “Strong momentum continued in freight rate trends, with this month nearly off the chart, and we sense an axis adjustment on the way,” stated the report’s author, ACT Research’s Tim Denoyer. “This acceleration suggests Q2 y/y comparisons will be in the 40%-50% range, compared to the shutdown.”

United statesJb hunt transport servicesResearch tim denoyerCass information systemsCass freight indexFreightwave outbound tender volumeSuez canalTransport servicesஒன்றுபட்டது மாநிலங்களில்ஜ்ப் வேட்டை போக்குவரத்து சேவைகள்காஸ் தகவல் அமைப்புகள்காஸ் சரக்கு குறியீட்டுஸூயெஸ் கால்வாய்போக்குவரத்து சேவைகள்