State of Freight TODAY

Weekly Transportation Update: New Home Sales Surprise with a Sharp Rebound

Written by The FTR Experts | 10/3/22 1:00 PM

New orders for core capital goods show solid gain in August.

  • Sales of new homes surprise with a sharp rebound.
  • Real spending on goods declines as real spending on services ticks higher.
  • CDL driver hiring activity in August was the strongest of the pandemic.
  • Intermodal shows no volume improvement in week following rail strike scare.