Cass freight index recession
8 Sep 2019 Coefficients significant at 5% msl bold. Figure 1: Year-on-year growth in Cass Freight Index, in % (blue, left scale), recession 13 Aug 2019 As recession signals go, this so-called inversion in the yield curve has a The Cass Freight Index, a barometer of the health of the shipping 4 Jun 2019 The Cass Freight Index for shipments dropped 3.2% in April, the 5th straight month in negative territory. The big picture: Air cargo shipments 30 Jul 2019 A recent magazine article points to decline in the trucking industry. goods in June 2019 compared to the same time in 2018, according to the Cass Freight Index. "I don't want to say recession, but it very well could be.".
Year-over-year, the Cass shipping index turned in its worst performance since the Great Recession. The Cass Freight Shipment Index is still sounding recession alarm bells.
The Cass Freight Index, which tracks shipments of consumer and industrial goods but not bulk commodities such as grains, has now fallen below the June 2014 level. June 2014 had set a record in shipments just before Transportation Recession 1 came along. The boom in 2018 broke the 2014 records, and by a big margin. The Cass Freight Index has received quite a bit of attention over the course of 2019, and it should, given its purpose. a recession in freight due to lower shipping volumes and decreased rates A drop in the Cass Freight Index, a relatively under-the-radar indicator, is causing some to worry about a slowdown elsewhere in the U.S. economy. But the 2005 – 2008 experience, where the index bounced between +9% (June 2006) and -9% (January 2007) was not as clear a harbinger of the 2008-2009 recession. And that was a big one, of course. More recently, the index has been noisier than usual. For example, the Cass Freight Index was negative every month from March 2015 to September 2016. Supply chain and logistics news. The trucking industry often experiences seasonal fluctuations, though not all of them lead to predictions of a recession, ACT President Kenny Vieth told FreightWaves.. According to the Cass Freight Index for May 2019, which ACT cited in its own recession predictions, "The weakness in spot market pricing for many transportation services, especially trucking
the Dow Transportation Index, and the Cass Freight. Index represent Great Recession (from December 2007 to June 2009): the first from June 2009 ( marking
The Cass Freight Index and what it means for the economy. The Cass Freight Index has received quite a bit of attention over the course of 2019, and it should, given its purpose. The Index, According to Cass, "Freight shipments signal economic contraction". The Economic Outlook from Freight’s Perspective is not promising.. With the -5.3% drop in June following the -6.0% drop in May, we repeat our message from last month: the shipments index has gone from “warning of a potential slowdown” to “signaling an economic contraction.” At first glance, the GDP for the 1st quarter seems very inconsistent with overall freight volumes. Using the Cass Shipments Index as a predictive proxy, we did not expect the BEA to report 3.2% as (U.S. Cass Freight Index, from FRED database) As you can see from that long term it's indicative, but not a sure sign, of a recession. The grey bars are those recessions and there was one without a
The Cass Freight Index, which tracks shipments of consumer and industrial goods but not bulk commodities such as grains, has now fallen below the June 2014 level. June 2014 had set a record in shipments just before Transportation Recession 1 came along. The boom in 2018 broke the 2014 records, and by a big margin.
16 Jan 2020 The Empire State index improvement bodes well for manufacturing activity at the national The US freight recession deepened in December.
At first glance, the GDP for the 1st quarter seems very inconsistent with overall freight volumes. Using the Cass Shipments Index as a predictive proxy, we did not expect the BEA to report 3.2% as
25 Jul 2019 That's adding to concerns about a possible looming recession. straight annual decline, according to the closely watched Cass Freight Index. 25 Jan 2020 Why negative transportation indexes don't support a recession call or both of two metrics: AAR rail carloads and/or the Cass Freight Index. 3 Sep 2019 The Cass Freight Shipments Index2 is one of those little known leading indicators that has historically been pretty good at predicting economic 13 Jan 2020 The Cass Freight Index reported that load availability fell in all key freight recession, which means shippers will be in the driver's seat on rates
2 Jul 2019 The widely regarded Cass Freight Index shows declining to its lowest level since September 2009, when the economy was in recession. A recent zerohedge article suggests the Cass Freight Index is implying a future recession. We dissect a time series of the Cass Index to determine if that statement is accurate. We analyze the time About The Cass Freight Indexes. Since 1995, the Cass Freight Index ® has been a trusted measure of North American freight volumes and expenditures. Our monthly Cass Freight Index Report is the source of insight into freight trends and how they relate to other supply chain indicators and the wider economy. Cass Freight Index (Shipments) – SONAR: CFIS.USA The shipments component of the index extended its round trip of year-over-year declines, first turning negative in December 2018. Further, shipment declines occurred at their steepest rate since the Great Recession in 2008-09 during December. Cass Transportation Index Report December 2019. Get the most up-to-date data and insights into shipping volumes and the cost of freight. See how they change each month and understand the market forces behind them. The Cass Freight Index and what it means for the economy. The Cass Freight Index has received quite a bit of attention over the course of 2019, and it should, given its purpose. The Index, According to Cass, "Freight shipments signal economic contraction". The Economic Outlook from Freight’s Perspective is not promising.. With the -5.3% drop in June following the -6.0% drop in May, we repeat our message from last month: the shipments index has gone from “warning of a potential slowdown” to “signaling an economic contraction.”