October freight shipments and expenditures saw decent annual gains and sequential declines, according to the most recent edition of the Cass Freight Index Report issued this week by Cass Information Systems.

Freight Index is the most accurate barometer of freight volumes and market conditions, with many analysts noting that the Cass Freight Index sometimes leads the American Trucking Associations (ATA) tonnage index at turning points, which lends to the value of the Cass Freight Index.