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Weekly Transportation Update: Real Consumer Spending Rises While Existing Home Sales Fall

Real consumer spending posts largest increase since March 2021. 

  • Sales of existing homes fall for the 12th straight month, but sales of new homes rise sharply. 
  •  Trucking and parcel post record revenues in 2022, but trucking sees sharp drop in Q4. 
  •  Dry van and refrigerated spot rates cool further in the latest week. 
  •  The latest railroad employment figures are a cause for concern. 

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Weekly Transportation Update: Manufacturing and Retail Make Up For Weak Housing Starts

Manufacturing and retail post strong seasonally adjusted gains.

  • Housing starts in January were weakest since June 2020.
  • Energy and shelter costs fuel inflation at the consumer and producer levels.
  • Dry van and refrigerated resume their modest cooling in spot rates.
  • Intermodal volumes are already weak ahead of the Lunar New Year impact.

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Weekly Transportation Update: Victory For Carriers in Chassis Choice Case

FMC judge hands motor carriers a victory in intermodal chassis choice case.

  • Net revocations of trucking authority jumped to an all-time high in January.
  • Sales and inventories in wholesale were basically flat in December.
  • Truck spot market rates move higher in keeping with seasonal expectations.
  • Intermodal volumes are still sluggish, and rail carload traffic starts to slow.

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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.

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