Both sides of the Cass Freight Index turned positive in January. Shipments posted a 1.005, 3.2 percent above last January, though 6.4 percent under December. Expenditures rose 4.3 percent over last year to 2.268, just 0.3 percent down from December.
“Throughout the U.S. economy, there is a growing number of data points that suggest that the worst is over and the economy is getting better,” wrote Donald Broughton, managing director of Avondale Partners. “Some data points are simply less bad, but an increasing number of them are better, and even a few are becoming outright strong. Click here to read more.