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Weekly Transportation Update: Housing Starts Ease After Strong February

Housing starts and home sales soften after strong February.

  • Seasonally adjusted continued claims for unemployment benefits were highest since November 2021.
  • Streak of diesel price decreases ends at 10 weeks as the Midwest fuels higher national average.
  • Dry van and refrigerated spot rates fall by the most in a week since January.
  • Rail volumes recover in the latest week after an Easter-induced decline.

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Weekly Transportation Update: Inflation Cools While Job Growth Impresses

Manufacturing output and retail sales fall while inflation cools.

  • The economy posts solid job growth in March as trucking employment looks   stronger.
  • EPA proposal would require major shift to zero-emission vehicles by model year 2032.
  • Truck spot market metrics soften in line with seasonal expectations.
  • Mexico factors into recent weakness in intermodal and rail carload volumes.

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Weekly Transportation Update: Job Openings Fall For Second Straight Month

Job openings dip below 10 million for the first time since May 2021.

  • The ISM manufacturing index weakens to lowest level since May 2020.
  • Trucking company new entry and carrier failures were basically in balance in March.
  • Spot rates in dry van and refrigerated decline in line with seasonal expectations.
  • Intermodal and rail carload volumes were generally stable in the latest week.

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Weekly Transportation Update: Industrial Production Weaker As Automotive Drives Retail Inventory Growth

Annual data revision shows modestly weaker industrial production.

  • Real consumer spending eased slightly in February.
  • The automotive industry drove retail inventory growth in the latest month.
  • EPA grants waivers to California for heavy-duty vehicle and engine emissions standards.
  • Intermodal volume continues to be weak, but rail carload recovered to the prior trend.

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