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Weekly Transportation Update: Existing Home Sales Trend Upward After Long Fall

Sales of existing homes surge in February after a year of decline. 

  • Durable manufactured goods orders hold steady excluding transportation equipment.
  • Knight-Swift to buy U.S. Xpress, establishing a truckload fleet of about 25,000 tractors.
  • The spot market for truck freight sees a largely status quo week.
  • Intermodal volumes remain weak as saber-rattling begins at west coast ports.

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Weekly Transportation Update: Lean Retail Inventories Reduce Prospects for Correction

Manufacturing output and retail sales were lackluster in February. 

  • Retail inventories were leaner in January, reducing prospects for a stronger correction.
  • Housing starts and permits see solid increases in February.
  • Van segments’ spot rates reverse their gains from the prior week.
  • STB approves Canadian Pacific-Kansas City Southern merger.

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Weekly Transportation Update: U.S. Jobs Rise Overall While Trucking Jobs Drop

U.S. economy adds 311,000 payroll jobs in February. 

  • Job openings decline in January from an upward revision of prior data. 
  • Trucking loses the most payroll jobs in a month since April 2020. 
  • Van segments posted their strongest spot rate gains of the year. 
  • Intermodal volumes are still sluggish, but coal spurs volume gains in rail carload.

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Weekly Transportation Update: Mortgage Rates Rise While Diesel Prices Fall

New orders for core capital goods rise in January, but real orders were flat. 

  •  Retail inventory gain in January lags sales for the month. 
  •  Mortgage rates rise, diesel prices fall in the latest week. 
  •  Spot rates in trucking move slightly higher. 
  •  Carload volumes are stagnant overall; intermodal takes a step down due to Lunar New Year. 

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