Freight Night: Logistics Data Paint Dire Picture For Shipping, Broader Economy

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If shipping is an indicator of the direction the economy is heading, look out. 

The Cass Freight Index report for the month ended April 2019 paints a dire picture for freight heading into the end of the second quarter. The report says that “continued decline” in the freight index remains a concern, pointing out that shipments have fallen 3.4% year over year while expenditures have risen 6.2%. Sequentially on a monthly basis, shipments are down 0.3% while expenditures ticked up 0.7%. 

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