Economy
Freight Volumes
Rail
Economy
Freight Volumes
Rail
Weekly Transportation Update: Consumer inflation falls m/m for the first time in just over four years
The FTR Experts
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Weekly Transportation Update: Consumer inflation falls m/m for the first time in just over four years
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In June, inflation was mild at both the consumer and producer levels, with consumer prices declining month-over-month for the first time since May 2020. This was mainly due to falling gasoline and diesel prices. Truck insurance premiums also decreased after more than a year of gains. Additionally, new applications for transportation and warehousing businesses saw their largest increase since August 2022, alongside recent gains in new trucking authorities. This suggests the truck freight market has bottomed out.
- Falling energy prices tame producer-level inflation in June.
- The rise in trucking insurance premium prices takes a break in June.
- Spot rates spot rates rise in a week disrupted by timing of the July 4th holiday.
- Intermodal posts strong y/y volume gains due to last year’s port strike in Western Canada.
