JBHT - March Freight Metrics Flat with February Cass Data Shows | Benzinga
Freight shipments and expenditures in March were largely in line with February, underperforming normal seasonal trends, according to the Cass Freight Index published Monday. The year-over-year (y/y) declines in both data sets eased again during the month.
March shipments were down 2.3% seasonally adjusted from February and 3.6% from the same month last year. Without the seasonal adjustment, March volumes were down 0.2% sequentially. However, February did include one extra day this year.
The shipments index now sits 7.5% below the March 2022 level.
Shipments captured by the index, which is trucking-centric, increased approximately 2% seasonally adjusted from the fourth to the first quarter.
The Monday report pushed back the expectation for a positive volume inflection by one month. The index is expected to decline 2% to 3% y/y in April, turning positive by June.
| March 2024 |
y/y |
2-year |
m/m |
m/m (SA) |
| Shipments |
| -3.6% |
| -7.5% |
| -0.2% |
| -2.3% |
| Expenditures |
| -18.5% |
| -28.3% |
| 0.1% |
| -1.3% |
| TL Linehaul Index |
| -4.7% |
| -13.8% |
| 0.2% |
| NM |
Table: Cass Information Systems (SA ...