State of Freight TODAY

Weekly Transportation Update: Housing starts rebound in February after weather-induced drop

Written by The FTR Experts | 3/25/24 1:10 PM

Following a decline in January, housing starts have experienced a rebound. Concurrently, the real estate market has seen a surge in the sales of existing homes throughout February. Mortgage rates have also shifted, edging back towards the 7% mark. Additionally, diesel prices have reversed course in the latest week.

 

  • Sales of existing homes rise by the most in a year.
  • White House clears final rule on commercial truck greenhouse gas reduction.
  • Total trucking spot rates rise in the latest week.
  • Rail carload volume rises in the latest week as intermodal traffic eases slightly.