William B. Cassidy, Senior Editor | Jun 06, 2012 10:47AM EDT
The Cass Freight Index increased in May, despite signs of a slowing economy.
The freight shipment index rose 1.8 percent from April and 2.2 percent year-over-year, according to Cass Information Systems.
Freight expenditures by shippers rose 2.2 percent from April and 5.6 percent from a year ago, as freight rates rose alongside volume.
“Freight shipment volume is still trending upward,” Cass said in its analysis of the May index.
On a month-to-month basis, the shipment index increased 1.9 percent in April, 2.1 percent in March and 2.5 percent in February.
Contact William B. Cassidy at wcassidy@joc.com. Follow him on Twitter at @wbcassidy_joc