Weekly Transportation Update: Existing Home Sales Trend Upward After Long Fall

Sales of existing homes surge in February after a year of decline. 

• Durable manufactured goods orders hold steady excluding transportation equipment.
• Knight-Swift to buy U.S. Xpress, establishing a truckload fleet of about 25,000 tractors.
• The spot market for truck freight sees a largely status quo week.
• Intermodal volumes remain weak as saber-rattling begins at west coast ports.