North American Freight Markets Show Signs of Picking Up in Second Half

A new wave of data shows that North American freight markets are still contending with reduced volumes and demand relative to pandemic heydays, but signs are emerging of an improvement heading into the second half of the year.

Total freight spending in the region fell for a fifth straight month in April from a month earlier to the lowest since September 2021, a seasonally adjusted expenditure index compiled by Cass Information Systems showed.