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Report: Freight costs far outstripped tonnage in 2011

from DC Velocity

In a stark reminder of the rate pressures and sub-par growth besetting shippers for the past year, a leading index of shipping activity reported that freight costs in 2011 jumped 18.8 percent over 2010 levels, while volumes rose a scant 0.7 percent over the same period. The index, compiled by freight auditing and payment firm Cass Information Systems Inc., measures shipments and expenditures of hundreds of Cass's clients, who collectively spend about $17 billion on transportation services annually. The survey showed a 12-percent fourth-quarter volume decline from the prior quarter, a larger drop than is expected on a seasonal basis. But from November to December alone, expenditures rose by 1.8 percent. more

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