Weekly Transportation Update: Sales of new and existing homes decline in April

Sales of both new and existing homes declined in April versus March, but the difference in y/y performance was notable as the steady declines in existing-home sales during 2023 and increases in new-home sales in early 2023 have largely ended.

• New orders for durable manufactured goods move a bit higher.
• For-hire trucking revenues were down 5% y/y in the first quarter.
•  Spot rates rise during International Roadcheck but not as much as they usually do.
• Improving coal volumes make for less negative y/y carload volume.