Weekly Transportation Update: Auto and Light Truck Sales Decline But Remain Above 2022 Average

Auto sector continues to fuel higher U.S. imports from Mexico and Canada.

• Auto and light truck sales declined in May but were still well above the 2022 average.
• Wholesale inventories are still highly elevated relative to sales..
• Spot volume falls during Memorial Day holiday week, but rates change little..
• Intermodal and carload volumes fall as expected during the holiday week..