January freight shipment and expenditure readings feel impact of Omicron variant, says Cass

January’s shipment reading—at 1.078—fell 2.9% annually, coming off of a 7.7% annual gain in December. And January expenditures—at 4.027—saw a 31.2% annual increase, in tandem with U.S. wholesale inflation up 9.7% annually for the month, as per U.S. Department of Labor data.

source https://www.supplychain247.com/article/january_freight_shipment_and_expenditure_readings_feel_impact_of_omicron_va