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Weekly Transportation Update: Core Capital Goods Orders Rise in April

Consumer spending on goods outpaced services in April.

  • New orders for core capital goods rose in April.
  • Sales of new single-family homes rose after downward revision of March estimate.
  • Van spot rates surged during International Roadcheck week.
  • Rail and intermodal volume largely is stuck in a status quo.

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Weekly Transportation Update: Retail Sales Hold Steady

Automotive production sets seasonally adjusted record in April.

  • Real retail sales basically hold steady after annual data revision.
  • Wholesale inventories are very high relative to sales.
  • Spot rates softened heading into this week’s almost certain increase.
  • Rail employment trends show a flattening out at most carriers.

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Weekly Transportation Update: Unemployment Hits 54-Year Low

U.S. Economy Adds 253,000 Payroll Jobs in April

  • The unemployment rate again falls to the lowest in 54 years.
  • Closely watched manufacturing indicator improves but still suggests a slowing sector.
  • Refrigerated spot rates see strongest gain of the year in the latest week.
  • Intermodal sets another volume high for 2023.

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