August 15, 2022
...AND CHEAPER...:
U.S. freight shipping rates have likely peaked, according to new Cass Freight Index data, in another sign that inflation is easing (Frank Holland, 8/15/22, CNBC)
U.S. freight rates increased 28% year over year, but declined almost 2% month over month in July, a likely signal that the U.S. market has reached peak freight rates, according to the July Cass Freight report, just as peak shipping season encompassing both back-to-school and the holidays begins."We're coming into this peak season with much more free capacity. I think that's going to be a good thing from a cost perspective for those big retailers who have been struggling with a lot of cost inflation," Cass Freight report researcher and author Tim Denoyer told CNBC.
Posted by Orrin Judd at August 15, 2022 5:05 PM