ST. LOUIS, MO, Jan 20, 2011 (MARKETWIRE via COMTEX) -- Cass Information Systems, (NASDAQ: CASS), a leading freight audit and payment provider and publisher of statistical freight data, has expanded the format of its 20-year-old Cass Freight Index report to include insightful commentary from an independent business analyst and leading authority on supply chain dynamics.
Rosalyn Wilson, an internationally recognized logistics industry expert, will analyze monthly North American freight data and provide commentary. Wilson is the author of the Annual State of Logistics Report(R), a widely used analysis of the supply chain industry published by the Council of Supply Chain Management Professionals -- a report which was created in 1988 by the late Robert V. Delaney, a former Cass executive.
The Cass Freight Index, published since 1990, has long been valued by the transportation industry, in addition to economic and business analysts, as a reliable indicator of economic trends.
"The Cass Freight Index is a unique source of reliable, accurate benchmark data, providing a current view of freight transportation movements based on actual transactions. The data from Cass' client base covers a wide range of industries and shipper/carrier sizes allowing it to closely mirror the overall domestic freight industry. This index is unmatched in tracking industry trends as they are unfolding and serves as an excellent barometer of the economy," noted Wilson.
A complimentary copy of this report -- including the raw, statistical data, charts and additional analysis, is now available. The entire report can be viewed online at www.cassinfo.com/frtindex.html. To be added to the distribution list for this report or for information about additional data services from Cass, please send an e-mail to: CassFreightIndex@cassinfo.com.
Cass Information Systems is a business process outsourcer that managed $14 billion in annual freight payables in 2009 on behalf of its clients. Cass provides invoice management services to hundreds of North American freight shippers across a broad spectrum of industries. Cass clients include industry leaders such as: Caterpillar Inc., Ford Motor Company, Emerson, McCain Foods, Toyota and Unilever.
Published each month, The Cass Freight Index consists of two index values -- the number of shipments and dollars spent on shipments (cost of freight). The data is based on transactions processed by Cass on behalf of its client base, which yields a statistically valid sampling. The Cass Freight Index uses January 1990 as its base month.
Rosalyn Wilson is an internationally recognized supply chain expert and senior business analyst with Delcan Corporation based in Vienna, Virginia. She has more than 30 years of experience in the transportation and logistics field. In addition to the Annual State of Logistics Report(R), published by the Council of Supply Chain Management Professionals, Wilson is the co-author of Securing Global Transportation Networks, a supply chain security reference and college textbook.
Delcan Corporation is a management consulting firm recognized by those in government and industry as a world leader in the transportation sector. Delcan advises top decision makers in the transportation sector on strategy, technology, program and project management, asset management, and finance and economics.
Cass Information Systems, Inc. (NASDAQ: CASS) is the leading provider of transportation, utility and telecom expense management and related business intelligence services, disbursing more than $24 billion annually on behalf of its clients. With annual revenues approaching $100 million and total assets exceeding $1 billion, Cass is a business process outsourcer focused on invoice audit, processing and payment services. Cass Commercial Bank, established in 1906, is a wholly owned subsidiary and Federal Reserve Member Bank, providing sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000(R) Index and was ranked #65 on the 2009 Fortune Small Business FSB 100 list of the fastest-growing public companies in America. More information is available at http://www.cassinfo.com.
The material contained herein is intended as general industry commentary. The Cass Freight Index and other content ("Index") is based upon information that we consider reliable, but Cass does not guarantee the accuracy, timeliness, reliability, continued availability or completeness of any information or underlying assumptions, and Cass shall have no liability for any errors, omissions or interruptions. Any data on past performance contained in the index is no guarantee as to future performance. The Index is not intended to predict actual results, and no assurances are given with respect thereto. Cass makes no warranty, express or implied. Opinions expressed herein as to the Index are those of Rosalyn Wilson and may differ from those of Cass Information Systems Inc. All opinions and estimates are given as of the date hereof and are subject to change.
Jackie Engel 314-506-5976 Email Contact
SOURCE: Cass Information Systems, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=F67EEF88ED2F5166