Economy
Freight Volumes
Rail
Economy
Freight Volumes
Rail
Weekly Transportation Update: Election of President Trump likely to shake up trade, labor policies
The FTR Experts
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Weekly Transportation Update: Election of President Trump likely to shake up trade, labor policies
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The Trump presidency is expected to disrupt freight. The Federal Reserve cut interest rates by 0.25%, while goods imports surged to a record high in September. Nonresidential construction remained flat month-over-month, and mortgage rates continued to rise for the sixth consecutive week. Diesel prices dropped, truck spot rates were mostly unchanged, and rail carloads and intermodal had a strong week. The BC port strike extended into its fifth day.
- The Fed’s Federal Open Market Committee cuts rates a quarter-point.
- Real imports of goods rise by the most since November 2021 to a record level.
- Overall trucking spot rates barely move as flatbed decline offsets van increases.
- Volume improved significantly y/y for both rail carload and intermodal.
