Cass: TL rates jump 11% in August, freight shipments turn positive
Cass Information Systems reported an 11.3% year-over-year increase in truckload linehaul rates in August, marking 20 consecutive months of growth. Freight shipments also turned positive, rising 2.1% year-over-year, the first increase in over three years. The company's expenditures index surged 18.7% year-over-year, driven by higher diesel prices and increased shipping volumes. Cass processes $37 billion in freight payables annually.







