Reported 18 days ago
The freight market saw a lift in September driven by truckload volumes, according to Cass Information Systems, though the overall outlook remains uncertain. The Cass multimodal shipments index rose 2.5% sequentially, indicating a bounce back from August's decline. Shippers are consolidating smaller loads into truckloads to take advantage of low rates, but ongoing tariff impacts and a projected drop in container flows from China may delay a full recovery. As demand trends fluctuate, analysts are cautious about future earnings for trucking carriers.
Source: YAHOO