TODAY SOF FTR_Header-1

Most Recent Posts

 


 

Weekly Transportation Update: Unemployment Plummets to Levels Not Seen in 50 Years


U.S. job growth soars in January on a seasonally adjusted basis.


  • The unemployment rate declines, matching levels not seen since the 1960s.
  • The ISM manufacturing index falls deeper into contraction territory.
  • Dry van and refrigerated spot rates continued their seasonal declines.
  • Intermodal volumes show no sign of improvement or conversion.


Read More

Weekly Transportation Update: A Growing Economy Does Little For Freight Demand


Economic growth in Q4 does little to bolster freight demand.


  • Sluggish orders for durable manufactured goods were skewed upward by aircraft orders.
  • Real consumer spending falls for the second straight month as the savings rate rebounds.
  • Dry van and refrigerated spot rates have given back their holiday-period surge.
  • Rail carriers’ earnings reports share cautious outlooks.


Read More

Weekly Transportation Update: Retail Sales Decline as Manufacturing Output Drops


Industrial and consumer indicators were quite weak in December. 


  •  Manufacturing output drops by the most in nearly two years. 
  •  Retail sales decline sharply in December after a  downward revision to November estimate. 
  •  Van segment rates again fall sharply in a typical cool-down from the holiday surge. 
  •  Intermodal and rail carload volumes rise week over week, but intermodal gains were weaker.


Read More

Weekly Transportation Update: Falling Gas Prices Ease Consumer Spending


Consumer inflation continues cooling trend in December.


  • New orders for manufactured goods fell in November.
  • Wholesale inventories relative to sales return to pre-pandemic levels.
  • Truck spot rates see typical post-holiday moderation.
  • Intermodal is weak to start 2023; coal and grain bolster rail carload.
Read More

Weekly Transportation Update: Inflation Eases But Remains a Worry


Consumer inflation eases year over year but remains a big concern.


  • Merchant wholesaler sales, inventories edge higher.
  • Flatbed pulls down spot metrics, but rates were sluggish in all segments.
  • Intermodal volumes decline due to weakness in the west; grain bolstered rail carload traffic.
  • Potential railroad labor disruptions are pushed out to December.
Read More

Weekly Transportation Update: GDP Rises as Goods Transport Falls


GDP rises in Q3, but the goods transport economy fades



  • New orders for core capital goods see largest decrease since May 2021.
  • Sales of new homes fall in September after August’s surprising increase.
  • The trucking spot market sees volume growth, mostly stable rates in the latest week.
  • Railroad labor issues return to the spotlight.
Read More

Weekly Transportation Update: September Strong for Production and Manufacturing


Industrial production and manufacturing output see gains in September.

  • Housing starts fall but remain above 2019 levels.
  • Diesel prices continue to rise as distillate inventories are still very low.
  • Truck spot metrics generally move seasonally while West Coast volume is lowest since May 2020.
  • Intermodal volumes hold steady as harvest drives up rail carload volume.
Read More

Weekly Transportation Update: New Home Sales Surprise with a Sharp Rebound


New orders for core capital goods show solid gain in August.

  • Sales of new homes surprise with a sharp rebound.
  • Real spending on goods declines as real spending on services ticks higher.
  • CDL driver hiring activity in August was the strongest of the pandemic.
  • Intermodal shows no volume improvement in week following rail strike scare.
Read More

Weekly Transportation Update: Production Dips Due to Weaker Utilities Output


Housing starts rise as multi-family construction hits an all-time high.

  • Sales of existing homes fall for the seventh straight month.
  • Industrial production dips due to weaker utilities output.
  • Worries about a possible rail strike failed to bolster the trucking spot market.
  • Uncertainty over the averted rail strike shows up mostly in weaker intermodal volume.
Read More

Weekly Transportation Update: Falling Fuel Prices Hit Wholesalers Hard

  • Falling fuel prices hit merchant wholesaler sales in July.
  • Diesel prices ease while crude sinks to its lowest price since January.
  • Mortgage rates rise to the highest level since November 2008.
  • Spot rates rise in key trucking segments heading into the Labor Day holiday.
Read More
Content not found

Sign up to receive our State of Freight TODAY posts. Select notification preference below.

 


 

View recent posts:

 


 

Search commentaries:

       


       

      Submit a question:

      You ask. FTR Experts answer.

      SUBMIT A QUESTION