Cass says data continues to point toward economic contraction including freight shipments

Story by: Todd Maiden @ FreightWaves I

Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report.

According to the report, shipments declined 3.4% in September, the tenth straight month of year-over-year declines. On a month-over-month comparison, the index improved 0.8% to its best reading since May.

Donald Broughton, founder and managing partner of Broughton Capital and author of the report, said, “the shipments index has gone from warning of a potential slowdown to signaling an economic contraction.”

The shipments index first turned negative on a year-over-year basis in December 2018 with the declines accelerating through July (-5.9%). However, the declines have slowed a bit with August (-3%) and September (-3.4%).

Trucking Industry including freight shipments

Cass Freight Index – Shipments (SONAR: CFIS.USA)

Read the full story and see all indexes HERE

Source and credits: freightwaves.com / Todd Maiden  /  iTrucker  / Mario Pawlowski  

 

“The sixth annual Overdrive-Red Eye Radio Trucker Talent Search received more than 50 entries from talented truckers who love to sing. A panel of judges reviewed the entries and has chosen a top 10. Over the next several days, Overdrive will feature each of the top 10 singers in advance of announcing the three finalists who will compete live for first place at August’s The Great American Trucking Show in Dallas.” – According to the article in overdriveonline.com

Read the full story  HERE

 

Taylor Barker of Kingsport, Tennessee
Owner-operator, 2010 Peterbilt 386, leased to Heniff Transportation
Has been trucking for 22 years

Source and credits: overdriveonline.com

 

“Truck drivers hauling for their own business received a lift in 2018 from President Donald Trump’s Tax Cuts and Jobs Act, according to analysis from tax consultancy ATBS.” – According to the article in freightwaves.com and its author John Gallagher

Gallagher also wrote – “That assessment, however, which was based on preliminary data compiled from over 3,000 tax returns by the Lakewood, Colorado-based company, did not align with concerns from members of Black Smoke Matters, who blame the President’s tax cut legislation for smaller paychecks.”

Read the full story HERE

Source and credits: freightwaves.comJohn Gallagher, Washington Correspondent

“A trucker must pay a fine of C$30,000 for attempting to smuggle nearly 8,800 pounds of cheese from the U.S. into Canada.” – According to article in freightwaves.com and its author  Nate Tabak

“Haissam Azaar was fined the equivalent of $22,000 on May 9 after pleading guilty to the thwarted attempt to bring the eight skids of undeclared cheese through the Landsdowne, Ontario crossing, near northern New York. Canada Border Services Agency (CBSA) officers found the cheese during a secondary inspection and subsequently arrested Azaar.”- Tabak also wrote.

Read full story and watch the video HERE

Source and credits: freightwaves.com / Nate Tabak, Canada Correspondent

“A mechanical engineering student who supported himself by driving a truck faces deportation from Canada to India for working more hours than his study permit allowed”.- According to the article in freightwaves.com and its author Nate Tabak

“Jobandeep Sandhu was pulled over during a routine traffic stop on Highway 401 between Montreal and Toronto in 2017. But upon examining his log book, a police officer discovered that he had worked more than 20 hours – above the weekly limit under his permit to study in Canada”. – Tabak also wrote

Read the full story HERE

Source and credits: freightwaves.comNate Tabak, Canada Correspondent

JEFFERSON COUNTY, Colo. —” The trucker who is accused of causing a fiery crash that killed four people on Interstate 70 in Lakewood last month left jail after posting bail Saturday” – according to article in kdvr.com and its author  

Ruble also wrote – “Rogel Lazaro Aguilera-Mederos, 23, is charged with four counts of vehicular homicide, six counts of first-degree assault and 24 counts of attempted first-degree assault”.

Read full story here : HERE

Source and credits : kdvr.com /  

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