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Economy WTU

Weekly Transportation Update: Consumer spending on goods falls sharply in January

The FTR Experts |

Consumer spending on goods fells in January, while retail inventories saw small gains. This week saw a decline in diesel prices and slightly stronger carload and intermodal traffic.

 

  • Sales of new homes rise after downward revision of December estimates.
  • Decrease in the for-hire trucking carrier population was much smaller in February.
  • Flatbed bolsters total market spot rates as van rates continue to slide.
  • FMC issues final rule on detention and demurrage billing practices.

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