More shippers avoiding long contracts amid abundant truckload capacity [Yahoo! Finance]
Cass Information Systems, Inc (CASS)
US:NASDAQ Investor Relations:
ir.cassinfo.com
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Source: Yahoo! Finance
A recent article by Furniture Today on domestic trucking is highlighting a growing trend of domestic trucking undergoing pricing and market changes between carriers and shippers. Powell Slaughter wrote, “Domestic trucking has started to share traits with its maritime counterpart, namely a shift to more transactional relationships between many shippers and their carrier partners and increased consolidation.” Bluewater Logistics CEO Tiffany Bowman told Furniture Today, “From a domestic market standpoint, there's no longer a true contract season or bidding season that we previously saw. We're seeing customers who are transactional, that are bidding on a daily basis, even weekly ‘mini-bids.' Previously, especially in furniture and textiles, you were seeing those contracts locked in for a year, two years, three years, at their pricing per region. Now, it seems shippers reach out daily for rates. Bowman also saw some shippers call for earlier bids, adding, “Where we normally see those
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CASS
News
- Those who invested in Cass Information Systems (NASDAQ:CASS) a year ago are up 22% [Yahoo! Finance]Yahoo! Finance
- Cass Information Systems, Inc. (NASDAQ: CASS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Cass Information Systems Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Cass Information Systems Reports First Quarter 2024 ResultsBusiness Wire
- Cass Information Systems, Inc. (NASDAQ: CASS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
CASS
Earnings
- 4/18/24 - Miss
CASS
Sec Filings
- 5/3/24 - Form 10-Q
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- CASS's page on the SEC website