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Cass shipment index rises in September

from DC Velocity

A key monthly index of U.S. shipping activity rose in September, with one sub-component reaching a level not seen since May 2008, according to the firm publishing the index. The index, published by freight audit and payment firm Cass Information Systems, is based on the expenditures and shipments of Cass's clients. In September, the freight expenditure index came in at 2.031, up from 1.97 in August and the first time the expenditures index has surpassed the 2.00 mark since the spring of 2008, before the financial crisis hit with full force. The shipment index reached 1.116, up from 1.097 in August, Cass said. more

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