Cass Freight Indexes Moved Lower in July, LTL Spot Prices Fall, But US Ports Are Still A Mess

There’s some good news on freight volumes and costs, but ports in the US and Europe are still struggling with massive backlogs and looming labor issues. Cass Information Systems reported that all four of its freight indexes—shipments, expenditures, implied freight rates and truckload linehaul—were lower month-over-month in July. Shipments are essentially flat with what they…