Economy
Freight Volumes
Rail
Economy
Freight Volumes
Rail
Weekly Transportation Update: Manufacturing production falls in October
The FTR Experts
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Weekly Transportation Update: Manufacturing production falls in October
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Manufacturing output declined due to durable goods, while retail sales rose primarily from vehicle purchases. Inventories showed minimal change relative to sales, and consumer and producer price increases remained mild. Truck transportation PPI fell in October, and mortgage rates showed little movement in the latest week. Diesel prices reached their lowest levels in over three years, and van spot rates showed mixed performance. Meanwhile, drug-related CDL downgrades began Monday, and Canadian port work stoppages were ordered to end. However, both carload and intermodal traffic experienced continued weakness.
- Vehicle purchases account for most of October’s strength in retail sales.
- States to begin downgrading CDLs due to drug violations on Monday.
- Trucking spot rates continue to show little more than seasonal strength.
- Canadian government orders end to British Columbia, Montreal port work stoppages.
