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Weekly Transportation Update: New Home Sales Surprise with a Sharp Rebound


New orders for core capital goods show solid gain in August.

  • Sales of new homes surprise with a sharp rebound.
  • Real spending on goods declines as real spending on services ticks higher.
  • CDL driver hiring activity in August was the strongest of the pandemic.
  • Intermodal shows no volume improvement in week following rail strike scare.
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Weekly Transportation Update: Production Dips Due to Weaker Utilities Output


Housing starts rise as multi-family construction hits an all-time high.

  • Sales of existing homes fall for the seventh straight month.
  • Industrial production dips due to weaker utilities output.
  • Worries about a possible rail strike failed to bolster the trucking spot market.
  • Uncertainty over the averted rail strike shows up mostly in weaker intermodal volume.
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Weekly Transportation Update: Falling Fuel Prices Hit Wholesalers Hard

  • Falling fuel prices hit merchant wholesaler sales in July.
  • Diesel prices ease while crude sinks to its lowest price since January.
  • Mortgage rates rise to the highest level since November 2008.
  • Spot rates rise in key trucking segments heading into the Labor Day holiday.
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