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Cass Freight Index data for October showed shipment volumes up 6.2% year over year and shipper transportation spending up 12%, though both slipped from September. Analyst Donald Broughton said the strong freight flows point to an expanding economy rather than an imminent contraction.
Robust freight volumes and rising shipping costs signal firm domestic transport demand and pricing power for carriers. This has little direct effect on grain or feed prices but raises the cost of moving product.
joc.comWilliam B. Cassidy, Trucking }Nov 16, 2018After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
