The expenditures index was up 38% for full-year 2021 and is now expected to increase approximately 25% this year assuming normal seasonality. Higher freight rates and incremental costs associated with navigating the congestion continue to push freight spend higher. The Cass Freight Index saw shipments move 7.7% higher year-over-year in December with expenditures up 43.6%. Over that time, shipments have climbed 15% with rates surging 41%. gptAdSlots.push(gptSlot); The expenditures index was up 38% for full-year 2021 and is now expected to increase approximately 25% this year assuming normal seasonality. That's an increase in the guidance (+18% to +20%) provided just a month . googletag.enableServices(); The only thing missing in your inbox is FreightWaves. }); While signs that an easing in the everything shortage were beginning to emerge prior to the omicron wave, the challenges to industry capacity are worsening again as 2022 begins, Denoyer said. var gptSlot = googletag.defineSlot('/21776187881/Sidebar2EAS', [[300, 250], [336, 280], [300, 600]], 'div-gpt-ad-b8-i-fw-ad-5').defineSizeMapping(gptSizeMaps.sidebar1).setCollapseEmptyDiv(true).addService(googletag.pubads()); The expenditures index is up more than 60% from December 2019. The contribution from higher volumes was cited as driving the increase more than the rise in rates. Freight found its way through the supply chain and to consumers during the holiday season even as congestion and bottlenecks remained formidable. window.googletag = window.googletag || {cmd: []}; var gptSlot = googletag.defineSlot('/21776187881/Sidebar4EAS', [[300, 250], [336, 280], [300, 600]], 'div-gpt-ad-b10-i-fw-ad-7').defineSizeMapping(gptSizeMaps.sidebar1).setCollapseEmptyDiv(true).addService(googletag.pubads()); googletag.cmd.push(function() { Denoyer estimates the increase in TL length of haul reduced the indexs growth rate by 300 bps during the month as many of those shipments were tied to lower linehaul rates. googletag.pubads().collapseEmptyDivs(); The expenditures index is up more than 60% from December 2019. However, the latest COVID variant is yet another obstacle for the industry. }); googletag.cmd.push(function() { The Cass Truckload Linehaul Index, which is a per-mile calculation excluding fuel and accessorials, increased 8% year-over-year (down 1% sequentially). Inferred rates (expenditures divided by shipments) reached a record level, up 3.5% in December on a seasonally adjusted comparison to the prior month. Everybody will do that job and online ask extra cash by simply The expenditures subindex increased 6.6% (seasonally adjusted) sequentially in the month, which established another record in the dataset that began in 1990. just go to this website for more info. }); Denoyer said the numbers continue to be partially inflated by significant excess miles in the freight network as a clogged rail network has forced imports into the truckload market. The modal switch to truck contributed to a 20% year-over-year increase in TL length of haul during the month. As chassis capacity gradually recovers and rail congestion eases over the course of 2022, a reversal to shorter length of haul will likely add upward pressure to this index above and beyond market rate increases, Denoyer said. Data used in the Cass indexes is derived from freight bills paid by Cass, a provider of payment management solutions. Thats an increase in the guidance (+18% to +20%) provided just a month ago. =-=-=-> .., .super-form:not(.super-initialized) *:not(.super-load-icon) { visibility: hidden !important; }. Click for more FreightWaves articles by Todd Maiden. }); googletag.cmd.push(function() { googletag.pubads().collapseEmptyDivs(); Truckload accounts for more than half of indexs freight spend, with LTL, rail and parcel rounding out the top four modes. Absenteeism is surging across drivers, maintenance staff and administrative personnel at transportation companies, and the effects of the latest COVID variant on factory workers will likely slow the recovery in equipment production., He expects the current surge in infections to be significant but short-lived and potentially chart a course for the supply chain to be released from the pandemics clutches, which will have major implications for freight market dynamics.. googletag.pubads().enableSingleRequest(); The shipments subindex increased 4.2% seasonally adjusted from November with the monthly year-over-year growth rate moving 320 basis points higher, as shipment volumes held firm despite the normal holiday slowdown.. gptAdSlots.push(gptSlot); gptAdSlots.push(gptSlot); gptAdSlots.push(gptSlot); googletag.cmd.push(function() { Ive been making $85 every hour since i started freelancing over the internet half a year ago I work from home several hours daily and do basic work i get from this company that i stumbled upon online I am very happy to share this work opportunity to you Its definetly the best job i ever hadCheck it out here .., Want to earn dollars easily? var gptSlot = googletag.defineSlot('/21776187881/Sidebar3EAS', [[300, 250], [336, 280], [300, 600]], 'div-gpt-ad-b9-i-fw-ad-6').defineSizeMapping(gptSizeMaps.sidebar1).setCollapseEmptyDiv(true).addService(googletag.pubads()); googletag.cmd.push(function() { Cass processes more than $26 billion in freight payables annually on behalf of its customers. The year-over-year growth rate slowed 430 bps to 33.4%, which was still the third-strongest growth rate recorded in 2021. window.googletag = window.googletag || {cmd: []}; start receiving every month this income just by working 1 or 2 hrs a day using mobile or any kind of PC. Makes $340 to $680 per day online work and I received $21894 in one month online acting from home. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Inferred rates were up 23% year-over-year in 2021. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); }); Based in Richmond, VA, Todd is the finance editor at FreightWaves. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies. i have made $16429 last month by using this online job. The monthly growth rate was partially offset by an increase in smaller less-than-truckload shipments. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Over that time, shipments have climbed 15% with rates surging 41%. gptAdSlots.push(gptSlot); var gptSlot = googletag.defineSlot('/21776187881/Sidebar1EAS', [[300, 250], [336, 280], [300, 600]], 'div-gpt-ad-b7-i-fw-ad-4').defineSizeMapping(gptSizeMaps.sidebar1).setCollapseEmptyDiv(true).addService(googletag.pubads()); copy and open this site .>> .., Amazing! }); Another month, another increase in freight shipments and expenditures, according to a Wednesday report from Cass Information Systems. Subscribe Now, Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available), Copyright 2022, All Rights Reserved, FreightWaves, Inc, Cass index on freight costs to climb 25% in 2022, Loaded & Rolling (Enterprise Fleet News/Analysis), Why transportation M&A could step higher in 2022, Supply chain snarls lead project44 to record growth in Q4, Warehouse, transportation capacity tight with retailers potentially over-ordering. I am a daily student and work simply one to a pair of hours in my spare time. googletag.enableServices(); Looking forward, the report points to a strong consumer and the need for inventory replenishment as positive catalysts for freight demand. googletag.pubads().enableSingleRequest(); googletag.cmd.push(function() { this online job gave you thousands of dollars every month. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Though the record backlog of 105 containerships off Southern California and sharp declines in intermodal volumes in early 2022 still demonstrate capacity constraints on freight volumes, the strong finish to 2021 shows progress as the trucking industry has begun to build driver and equipment capacity in spite of extraordinary challenges, Tim Denoyer, senior analyst at ACT Research, commented. }); googletag.cmd.push(function() { Expected to increase approximately 25 % this year assuming normal seasonality through the supply chain and consumers! % for full-year 2021 and is now expected to increase approximately 25 this! 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