February brings slight relief to freight cycle’s ‘long bottom,’ Cass says

Freight shipments and expenditures improved from January to February but remained underwater compared to last year, Monday data from the Cass Freight Index showed. Shipments increased 7.3% from January, up 2% when adjusted for normal seasonal trends, and were just 4.5% lower year over year (y/y). The y/y decline was the smallest in 10 months…