Overdrive Extra

Max Heine

Freight’s swan dive

| January 20, 2009

December data is in from Cass Information Systems, and it looks like the year ended on a grand whimper.
     After a modest pick-up during the first half of 2008, freight expenditures and shipments dropped in the second. The final months took an increasingly steep freefall, as you can see from the Cass chart:  

www.cassinfo.com/frtindex.html

    January is historically slow for trucking, so don’t be too surprised if things get worse.