State of Freight TODAY

Weekly Transportation Update: Historically Strong Auto Output Falls in Short-Term

Written by The FTR Experts | 7/24/23 1:00 PM

Automotive output falls but remains very strong historically.

  • Retail and food service sales change little overall, but individual sectors were mixed.
  • Housing starts fall in June from May’s downwardly revised gain.
  • All truck equipment types see a decrease in spot rates from the prior week.
  • Canadian port labor uncertainty is a headwind for intermodal volume.