Cass: Freight Shipments Bounce Back In May, Expenditures Dip From Record Highs By Todd Maiden of FreightWaves Freight shipments bounced back in May as transportation costs retreated from record highs, according to a report from Cass Information Systems. The shipments component of the Cass Freight Index increased 5.4% from April (4% higher on a seasonally adjusted basis), which more than recouped April’s 2.6% decline . Compared to 2021, shipments were 2.7% lower “on a tough comparison.” “After a nearly two-year cycle of surging freight volumes, two key drivers of growth for the freight cycle — goods consumption and inventory restocking — are faltering,” ACT Research’s Tim Denoyer commented. The shipments index is now on par with the 2019 downturn, up only 0.6% compared to May of that year. If normal seasonality holds, the index will be 2% higher year-over-year in June and flat to up 1% for all of 2022. “The news from the retail sector and in the oil markets suggest that’s probably optimistic, but at this point, it’s a pretty stable environment, no major downturn,” Denoyer said.
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Truckload Van Spot-Rates Are Crashing At An Unprecedented Pace By Craig Fuller, CEO of FreightWaves Over the past four days, the deterioration in truckload van spot rates has accelerated, falling over $.02 per mile per day on the FreightWaves National Truckload Index Linehaul Only ([fuel removed] 7-day moving average (SONAR NTIL.USA). In the past seven days, van truckload spot rates fell by $0.011/day and $0.007/day in the prior three weeks. The acceleration in the rate of decline is remarkable, especially considering the time of year . May and June are normally considered among the busiest times of year for truckload volumes and the early summer months rival the holiday retail season in terms of peak spot rates. The blue-shaded area is the National Truckload Index Linehaul Only (NTIL), which is based on an average of booked spot dry van loads from 250,000 lanes and 10,000 daily spot market transactions. The NTIL is a seven-day moving average of spot rates net of fuel. The phrase “100 days of summer” is used in the trucking industry to describe the time of year when beverages, construction, and summer goods all surge.
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The report on Global Freight Audit and Payment Market has been provided by researchers for a detailed understanding of market performance over an estimated period of time set from 2021 to 2026. However, this report has introduced a brief overview to provide the reader with better information on this report. This brief description contains a []
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Related Stocks: USPH , PGR , APH , CASS , DFH , PAYA , HBAN , OVLY , LINSA , TCF , INTC , KCLI ,
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Freight expenditures surged in June, according to data provided by Cass Information Systems (NASDAQ: CASS ) on Monday.
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ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. has added Teresa D. Meares as VP & GM of its waste and sustainability management business based in Jacksonville, Fla.
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ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems has launched Cass FreightClaim360, a freight claims management application for carriers and logistical service providers.
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[caption caption="Supply chain costs show no sign of slowing and capacity shows no sign of increasing, Cass says. Photo credit: Shutterstock.com."][/caption]Freight shipments within North America in May reached the second-highest monthly level recorded in 31 years of data, according to Cass Information Systems, a provider of freight payment services and
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Data released Friday from Cass Information Systems (NASDAQ: CASS ) shows the freight industry advanced at a blistering pace during May. The Cass Freight Index logged the highest-ever growth rates in the shipments and expenditures components of the dataset''s more than 30-year history. The May report showed the shipments index jumped 35.3% higher year-over-year. While the comparisons reflect year-ago demand weakness as large parts of the nation and economy remained under lockdown, the index recorded the highest reading since May 2018. The two-year stacked comp also turned positive for the first time in the current freight cycle, up 3.3% from May 2019. Recently, many analysts have been comparing freight volumes to a similar period in 2019, which is viewed as a more typical freight market, to remove some of the COVID-related noise in the comps. The shipments index was up 7.7% compared to April, 5.9% higher sequentially on a seasonally adjusted basis. Improvements in auto production, a steady offloading of containers at the ports and inventory restocking due to strong retail sales were cited as reasons for the volume increase.
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The Cass Freight Index available from Cass Information Systems is a measurement of the monthly aggregate shipment of freight.
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Edison, NJ -- ( SBWIRE ) -- 05/19/2021 -- Stay up-to-date and exploit latest trends of Freight Audit and Payment Market with latest edition released by AMA. Freight Audit and Payment Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Freight Audit and Payment industry with an attention on the Global market. The report gives key insights available status of the Freight Audit and Payment producers and is an important wellspring of direction and course for organizations and people keen on the business. By and large, the report gives an inside and out understanding of 2020-2025 worldwide Freight Audit and Payment Market covering extremely significant parameters. Key Players in This Report Include, nVision Global (United States),Green Mountain Technology (United States),PayAnyBiz (United States),CT Logistics (United States),Software Solutions Unlimited (SSI) (United States),ControlPay (Netherlands),U.S. Bank Freight Payment (United States),Cass Information Systems (United States),CTSI-Global (United States),National Traffic Services (Canada) Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/106222-global-freight-audit-and-payment-market Brief Summary of Freight Audit and Payment: Freight audit and payment are an essential process for the management of supply chain costs.
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Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS) on Wednesday. The Cass Freight Index returned a 27.6% year-over-year increase in shipments with the expenditures component of the index jumping 45.1%. The comparisons to the prior year reflect widespread quarantine mandates that brought the economy to a Read More » April Freight Trends Jump, 2021 To Be Extraordinarily Strong Year The post April Freight Trends Jump, 2021 To Be Extraordinarily Strong Year appeared on Stocks News Feed .
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Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS ) on Wednesday. The Cass Freight Index returned a 27.6% year-over-year increase in shipments with the expenditures component of the index jumping 45.1%. The comparisons to the prior year reflect widespread quarantine mandates that brought the economy to a temporary halt. The year-over-year growth rate for shipments was a new record, outpacing the rate of recovery seen following the 2008-09 recession. Shipments fell 3.1% from March on a seasonally adjusted basis as expenditures increased 1.1%. March numbers reflected a freight snapback following February's severe winter storms, which caused widespread transportation outages and delays. The shipments index was only slightly below pre-pandemic levels, off 1.3% when compared to April 2019. The report's author, ACT Research's Tim Denoyer, believes supply issues weighed on April's sequential change as well. "While some of the March m/m increase was makeup from activity lost during the polar vortex in February, our sense is the April m/m decline was due more to ongoing supply constraints and the deepening …
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Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS ) on Wednesday. The Cass Freight Index returned a 27.6% year-over-year increase in shipments with the expenditures component of the index jumping 45.1%. The comparisons to the prior year reflect widespread quarantine mandates that brought the economy to a temporary halt. The year-over-year growth rate for shipments was a new record, outpacing the rate of recovery seen following the 2008-09 recession. Shipments fell 3.1% from March on a seasonally adjusted basis as expenditures increased 1.1%. March numbers reflected a freight snapback following February''s severe winter storms, which caused widespread transportation outages and delays. The shipments index was only slightly below pre-pandemic levels, off 1.3% when compared to April 2019. The report''s author, ACT Research''s Tim Denoyer, believes supply issues weighed on April''s sequential change as well. "While some of the March m/m increase was makeup from activity lost during the polar vortex in February, our sense is the April m/m decline was due more to ongoing supply constraints and the deepening
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Cass Information Systems Inc. shares closed today at 0.5% below its 52 week high of $48.26, giving the company a market cap of $690M. The stock is currently up 24.1% year-to-date, up 23.9% over the past 12 months, and up 6.3% over the past five years. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 2.1%. Trading Activity Trading volume this week was 55.0% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 234.8% The company's stock price performance over the past 12 months lags the peer average by -28.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -113.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Cass Information Systems Inc. shares closed today at 0.8% below its 52 week high of $45.45, giving the company a market cap of $638M. The stock is currently up 14.7% year-to-date, down 3.3% over the past 12 months, and down 4.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.4%, and the S&P 500 fell 1.5%. Trading Activity Trading volume this week was 22.5% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 887.9% The company's stock price performance over the past 12 months lags the peer average by -127.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -112.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), has selected Martin Resch to fill the newly created position of chief operating officer.
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Milan, 4 August 2020. The Board of Directors of Cattolica Assicurazioni met today under the chairmanship of Paolo Bedoni, passed unanimously a resolution to appoint Carlo Ferraresi as CEO of… | August 5, 2020
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Shareholders in Italian cooperative insurer Cattolica Assicurazioni approved its conversion into a joint-stock company on Friday, paving the way to a tie-up with Generali to boost its capital position. Generali last month agreed to buy 24.4% of Cattolica and signed …
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Employment levels confirmed in advance of the agreement with Generali Verona, 28 July 2020. Confirmation of employment levels and the organisational division into three hubs … | July 29, 2020
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Italy’s insurance regulator IVASS has asked Cattolica Assicurazioni to boost its capital by 500 million euros ($557 million) and draw up a plan to strengthen its solvency and liquidity position, the insurer said on Monday. Shares in the company fell …
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By Andrea Mandala Italian insurer Cattolica Assicurazioni could expand an insurance partnership with bank Banco BPM, while the fate of a similar joint venture with rival… | May 18, 2020
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One of America's largest truck stops is furloughing 2,900 associates and 122 corporate employees. TravelCenters of America said state stay-at-home orders and dine-in restaurant closures have slashed business as truck drivers readjust how they interact with truck stops. The furloughs are a chilling sign of how the coronavirus is already slamming the trucking industry. Visit Business Insider's homepage for more stories . For decades, truck stops were where America's nearly 2 million truck drivers could dawdle over a meal and connect with others — a break in an otherwise lonely workday. But as states order dine-in restaurants to shutter and nonessential workers to stay at home, these truck stops are suddenly no longer so lively. That shift has forced one of America's largest full-service travel center chains to furlough nearly 3,000 employees in its stores and corporate headquarters. On April 17, TravelCenters of America announced that it would furlough 2,900 associates and about 122 corporate employees because of the business slowdowns at TA's full-service restaurants.
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