The awareness of the physical activity that human subjects perform, and the quantification of activity strength and duration are important tasks that a wearable sensor system would fulfill to be valuable in several biomedical applications, from health monitoring to physical medicine and rehabilitation. In this work we develop a wearable sensor system that collect data from a single thigh-mounted tri-axial accelerometer; the system performs activity classification (sit, stand, cycle, walk, run), and speed estimation for walk (run) labeled data features. These classification/estimation tasks are achieved by cascading two Support Vector Machines (SVM) classifiers. Activity classification accuracy higher than 99% and root mean square errors E(RMS) = 0.28 km/h for speed estimation are obtained in our preliminary experiments. The developed wearable sensor system provides activity labels and speed point estimates at the pace of two readings per second.