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Weekly Transportation Update: Durable goods orders edge higher in February

This week's economic data has been sparse, showing minimal changes in manufacturing orders and new home sales for February. Transportation metrics like diesel prices and trucking spot rates have also remained steady.

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

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.

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Weekly Transportation Update: Manufacturing’s February gain fails to offset January drop in output

In February, key economic indicators improved after January's weather impact, but updated data revealed a larger hit than expected. February gains didn't fully offset January declines. Inflation remained a concern for both consumers and businesses, partly due to volatile fuel prices. Government pricing data for freight brokers in transportation showed continued strengthening, prompting questions about underlying causes.

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Weekly Transportation Update: U.S. adds 275,000 payroll jobs in February

The unemployment rate has increased to 3.9%, with a slight easing in mortgage rates and a continued fall in diesel prices. Additionally, rail carload volume is still below 2023 levels.

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

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.

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Weekly Transportation Update: Sales of existing homes on the rise

This week, economic data was limited, but there was a glimmer of strength in the housing market as existing home sales saw an increase. However, the recent rise in mortgage rates could potentially hinder further recovery. On the transportation front, diesel prices remained stable after a significant 21-cent spike last week.

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Weekly Transportation Update: Retail sales decline in January, but weather might have been a factor

The unusually severe winter weather in mid-January seems to have impacted key seasonally adjusted economic indicators. The Federal Reserve mentioned winter weather as a contributing factor in industrial production figures.

 

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Weekly Transportation Update: Wholesale inventories rise in December but so do sales

In a relatively quiet week, wholesale inventories held steady and sales increased. Real exports and imports rose in December. Mortgage rates have been stable for eight weeks.  Diesel prices rose for third time in four weeks. And rail traffic strengthened.  

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Weekly Transportation Update: U.S. adds 353,000 payroll jobs, seasonally adjusted, in January

In January, the United States experienced significant growth in job opportunities, with data revisions revealing an even larger increase in December than initially reported. However, upon annual data revision, it became evident that employment in sectors associated with freight had weakened considerably compared to previous indications. Concurrently, there was a sharp decline in the number of active for-hire trucking companies.

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Weekly Transportation Update: The economy sees solid growth in Q4 as does the freight economy

In the final quarter of 2023, the economy continued its remarkable growth, and this positive trend extended to the freight transportation sector. However, it is important to note that the data pertaining to last week in the freight transportation industry was distorted by the severe winter weather that prevailed across the country. This weather condition led to substantial increases in truck spot rates and had a detrimental impact on rail and intermodal volumes.

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