Activity in the national shipping industry was likely up almost 3% in January, according to the Cass Freight Index.
A national trucking index was up 1.2% in January. Both reports indicate the shipping industry recovery seen in 2014 is continuing into 2015.
The Cass Freight Index reported that shipments were up 2.7% in January compared to January 2014, and freight expenditures were up 3%. However, January shipments were 4.7% below December expenditures were down 5.7% compared to December.
The index posted its highest end-of-year value in 2014 since the beginning of the recession in 2007.