Economics

FreightWaves Staff Saturday, January 25, 2020

WTT?!? weekend: the Celadon hits keep on coming, Walmart appeals California decision, Amazon accused of more abuse [with video]

Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November 2019, and for fear that future access to the shared IT system would again be blocked, and the failure to remit millions of dollars in […]

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FreightWaves Staff Tuesday, January 7, 2020

WTT?!? weekday wrap: Australian fires, chain-reaction accidents, the latest economic data, and more [with video]

We kick off the week with headlines involving major trucking crashes in Pennsylvania and Indiana, the Drug & Alcohol Clearinghouse websites opening day struggles. Don’t worry, though, if you’re trying to register, the site is now up and operational and you can find it by clicking here. We spend Five Good Minutes with Chief Insight […]

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Anthony Smith Sunday, January 5, 2020

Why is GDP not useful for looking at freight conditions in the economy?

The overall GDP number is not very useful when looking for insight into freight conditions in the economy. The U.S. economy is dominated by the service sector, which includes segments like healthcare, education and financial services. These areas make up over half of all of the economic activity in the U.S., but do not play a significant role in freight movements in the economy. As a result, as long as the service sector is healthy, the U.S. economy can continue to grow even if the production and transportation of goods is stalling.

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