Weekly Transportation Update: Real Consumer Spending Rises While Existing Home Sales Fall

Real consumer spending posts largest increase since March 2021. 

• Sales of existing homes fall for the 12th straight month, but sales of new homes rise sharply. 
•  Trucking and parcel post record revenues in 2022, but trucking sees sharp drop in Q4. 
•  Dry van and refrigerated spot rates cool further in the latest week. 
•  The latest railroad employment figures are a cause for concern.