Cass Information Systems and Stifel Partner to Publish Monthly Transportation Indexes Report

ST. LOUIS, Mo., Dec. 10, 2019 (GLOBE NEWSWIRE) -- Cass Information Systems, Inc. (Nasdaq: CASS), the leading provider of freight payment services and publisher of several transportation indexes, has partnered with financial services firm Stifel (NYSE: SF) to author its new Cass Transportation Indexes Report.

The report, which will be an adaptation of the existing Cass Freight Index Report, will provide context and analysis for Cass’s three indexes – the Cass Freight Index, Cass Truckload Linehaul Index, and Cass Intermodal Price Index. While the Cass Freight Index measures North American freight volumes, the two mode-specific indexes follow changes in shipping costs. The data for the indexes is generated by Cass through its freight invoice payment activity of $28 billion annually for hundreds of the world’s largest companies.

Stifel’s expertise in transportation stems from its long-standing and highly successful Global Transportation & Logistics Research practice, which advises investors on where to invest across all modes and companies on industry dynamics and competitive strategy. David Ross, managing director and head of the practice, will author the new report, adding context to the index data with industry commentary.

“Stifel’s deep understanding of freight markets, consumer markets and U.S. economic drivers made them a logical partner for us,” commented Mark Campbell, president of Cass’s Transportation Information Services division. “As an added bonus, we are pleased to partner with a fellow St. Louis-based company who, like Cass, has a rich, 100+ year history in the community.”

David Ross added, “We have been tracking the Cass data for a long time, as it is a significant piece to understanding the freight puzzle in the U.S., and are pleased to be officially working with the company to provide our insights on the broader implications of their data.”

Cass also recently announced a partnership with the University of Tennessee’s Global Supply Chain Institute, who has just completed work to enhance the calculation logic and methodology for the Cass truckload and intermodal cost indexes.

With a subscriber list of 8,000, the Cass Transportation Indexes are widely followed for their relevance, accuracy, and timeliness. They are frequently covered by national news outlets such as CNBC and The Wall Street Journal, various transportation news outlets, economists, and equities analysts.

The first report will be published in mid-December. The report, data points, and charts are available for free on the Cass website.