State of Freight TODAY

Weekly Transportation Update: Freight Economy Sinks as Overall Economy Grows

Written by The FTR Experts | 7/31/23 2:40 PM

The U.S economy grows in Q2, but the freight economy sinks.

  • Vehicle sales drive increase in real consumer spending in June.
  • Diesel prices rise by the most since October during the latest week.
  • Spot rates fall again for all truck equipment types.
  • Rail carload and intermodal volumes hold steady in the latest week.