Volumes headed in right direction: freight index
COLUMBUS, Ohio — The trucking industry in the U.S. experienced sequential and annual gains in March, according to the Cass Information Systems Freight Index.
The index, which uses January 1990 as its base month, is updated with monthly freight expenditures and shipment volumes from the entire Cass database.
March shipments at 0.974 was 4.5 percent better than February’s 0.930. And on a year-over-year basis, March shipments were up 7.1 percent compared to March 2010’s 0.905. March shipment expenditures at 1.663 are up 6.9 percent from February’s 1.549, and it is up 11.3 percent year-over-year.
Freight volumes spent all of 2009 under the January 1990 base point of 1.00 (or 100%).
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