North American Freight Volume Posts Sharpest Drop Since Great Recession
December freight volumes posted their sharpest year-over-year decline since the Great Recession. The Cass Freight Index, a measure of freight volumes and expenditures, accelerated its decline due to high inventories and a manufacturing downturn. Stifel analyst Dave Ross doesn’t expect a rebound in 2020: “The tariff relief from the phase-one deal seems to be just …