Cass Freight Index

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DEFINITION of 'Cass Freight Index'

A measurement of the monthly aggregate shipment of freight that is processed by Cass Information Systems. The Cass Freight Index ultimately serves as one of the national indicators of shipping activity. The index itself encompasses over 1,200 divisions of over 400 unique types of companies and manufacturers.

BREAKING DOWN 'Cass Freight Index'

The Cass Freight Index is materially comprised of the actual freight expenses of the underlying companies in the index. The index was created in January of 1990 and uses that month as its base month for computations. Monthly volume is always adjusted to assume a 21-workday month.

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RELATED FAQS
  1. When has the United States run its largest trade deficits?

    In macroeconomics, balance of trade is one of the leading economic metrics that determines the trading relationship of a ... Read Full Answer >>
  2. Which is more important to a nation's economy, the balance of trade or the balance ...

    There is no question the composition of a country's balance of payments is more important than its balance of trade. This ... Read Full Answer >>
  3. What is the difference between cost and freight (CFR) and cost, insurance and freight ...

    The difference between cost and freight (CFR) and cost, insurance and freight (CIF) is essentially the requirement under ... Read Full Answer >>
  4. What is the difference between Cost and Freight (CFR) and Free on Board (FOB)?

    The difference between cost and freight (CFR) and free on board (FOB) lies in who has responsibility for various shipping ... Read Full Answer >>
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    The ethical argument behind government subsidies is that they should be put into place to help industries that will, in turn, ... Read Full Answer >>
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