by Mike ‘Mish’ Shedlock
The Cass Freight Index, a “Measure of North American Freight Volumes” is up for the month of March but down once again on a year-over-year basis.
March shipping is 1.5 percent below the same month a year ago.
Both shipping and expenditures are lower than March 2015, 2014, and 2013.
A few charts show the slowing rate of freight shipping and the reasons behind it.
Cass Shipping Index