Freight’s swan dive

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Updated Dec 14, 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:

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