Cass to Benefit From Shipping Slump
The shipping industry is being pinched from lower consumer spending. Companies implementing cost-cutting plans will look to Cass Information Systems (CASS Quote) and its rivals to analyze and audit freight payment, hoping to save money.
TheStreet.com Ratings gives Cass a "buy." St. Louis-based Cass, whose roots date back to 1906, provides payment and information processing services to companies across the U.S. The company uses proprietary software to simplify operations and reduce costs. It also offers freight invoice rating, payment processing for utility- and facility-related expenses, and commercial-banking services.
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