The report’s shipment reading—at 1.269—was up 35.3% annually, outpacing April’s 27.6% annual spread, setting a new record for annual percentage growth and the second-best reading ever, trailing only May 2018. For freight expenditures, Cass reported that, for May, freight expenditures grew at its fastest pace on record, increasing 49.9%. over May 2020, to 3.362, topping April’s 45.1% annual increase.
Source: logistics Mgmt
Cass Freight Index Report posts strong gains for May freight shipments and expenditures
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