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Trucking rates rose 11% in August according to Cass Information Systems data, with freight shipment volumes turning positive for the first time in months, signaling a possible inflection point for the freight sector after a prolonged downturn. Separately, Northern Air Cargo named a permanent chief executive as the company looks to solidify leadership following a period of transition. The developments point to tentative improvement in freight and logistics demand, an industry closely watched as a barometer for broader economic activity and goods movement.
Sources:Yahoo Finance