DSKE - Freight shipments strong in December

The Cass Freight Index rose 6.7% Y/Y in December to accelerate from the 2.7% gain in November. "The acceleration was partially explained by an easier prior year comparison, as the Cass Shipments Index rose 1.1% m/m from November on a seasonally adjusted basis. After a small sequential pullback in November, this acceleration brings us closer to the strong growth environment which we expect to continue in 2021. On a two-year stacked basis, the Cass Shipments Index was still 1.8% lower than December 2018, and even as y/y comps are set to accelerate considerably in the coming months, it will likely take some time for volumes to increase on this basis." Cass says with the low inventory levels at U.S. retailers and sharp reduction in blank sailings by global containership lines ahead of the Chinese New Year holiday, the near-term pipeline of freight still looks quite strong. Trucking stocks: Knight-Swift Transportation

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Freight shipments strong in December