Economy
Freight Volumes
Rail
Economy
Freight Volumes
Rail
Weekly Transportation Update: Hurricanes, Boeing strike hit industrial production in September
The FTR Experts
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Weekly Transportation Update: Hurricanes, Boeing strike hit industrial production in September
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The latest economic indicators present a mixed picture. Manufacturing output has been negatively impacted by adverse weather conditions and labor issues, while retail sales saw a modest increase in September. August inventories remained largely unchanged relative to sales. Housing starts experienced a slight decline in September, and mortgage rates continued their upward trend. First-time jobless claims decreased following a significant rise earlier. Diesel prices have increased for the fourth consecutive week. Truck spot rates have stabilized after the disruption caused by Helene, and rail carload volumes have received an unexpected boost. Additionally, the Surface Transportation Board (STB) has approved the sale of a short line railroad based in Mississippi.
- Retail and food service sales rise in September.
- Housing starts decline slightly due to weakness in the multi-family sector.
- Trucking spot rates cool after impact from Hurricane Helene subsides.
- Rail carload volume still negative but improved in the latest week.
