by Mike ‘Mish’ Shedlock
The Street
The Cass Transportation Index rose in June but much less than expected.
Don’t Call it a Comeback
In reference to the Cass Shipping Index for June, Cass Says “Don’t Call it a Comeback.”
The Cass Freight Index showed sequential volume improvement again in June, although freight volumes still remain well below year-ago levels and also below pre-pandemic levels. We were thinking the June rebound would have been stronger, based on what we’re hearing on the trucking side and what we’ve been seeing with respect to rail traffic and with the ISM Index now back >50.