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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. 

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.

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.

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.