Freight Rates Fell Slightly In May Off April’s Record High, Reports Cass Info Systems

The shipment and freight metrics maintained by Cass Info Systems show a bit of improvement in May, even though shipments rose during the month. The Cass Inferred Freight Rates Index fell back 9.5% on a seasonally adjusted basis, coming off April’s record high for the index. The Freight Rates-Expenditures Index fell 5.9% seasonally adjusted. Still,…