Reported 1 day ago
The Cass Freight Index reports a decline in freight shipments in May, dropping 0.4% from April and 4% year-over-year, while freight rates have increased by approximately 5%. Trade tensions appear to be easing, allowing carriers to raise prices despite ongoing effects from tariffs. The observed trends indicate a precarious balance as inventory levels shift from stocking to destocking, leaving the demand outlook uncertain.
Source: YAHOO