Economy
Freight Volumes
Rail
Economy
Freight Volumes
Rail
Weekly Transportation Update: Consumer price increases hold steady in September
The FTR Experts
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Weekly Transportation Update: Consumer price increases hold steady in September
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In September, consumer inflation remained cool while producer-level pricing was unchanged month-over-month. Real goods exports surged sharply in August, but wholesale inventories stayed steady compared to sales. Transportation business applications saw a decline in September, and mortgage rates jumped significantly during the latest week. Diesel prices rose again alongside volatile crude prices. Truck spot rates spiked following Hurricane Helene, and CDL hiring activity showed a slight increase after a strong gain in July. Meanwhile, rail traffic was impacted by a port strike and disruptions caused by Hurricane Helene.
- Producer pricing in freight transportation changes little m/m.
- Real exports of goods in August see strongest growth since October 2021.
- Trucking spot rates rise in the aftermath of Hurricane Helene.
- Intermodal volumes suffer from the port strikes and the hurricane.
