Donald Broughton, FreightWaves’ chief market strategist, explains the problems he has with surveys based on ‘sentiment’ – except for the Institute for Supply Management survey. Read why he believes in its results.
Retail sales rebounded in March, rising by the largest amount in over a year. Growth was brod-based during the month, with most areas in the sector seeing rising sales.
Growth in the US economy slowed slightly in the third quarter of the year, but remains strong headed into the end of 2018 and consumers and inventory building carried the load.
Retail activity eked out a meager gain for the second consecutive month, as a sharp decline in spending at restaurants weighed down the headline numbers. Retail conditions remain generally solid, however, as the sector looks poised for healthy growth to round out the year.
A pair of releases this morning show that retail spending and manufacturing output continued to advance in July, signaling that some key components of freight demand remain on solid footing in the 3rd quarter.
Growth in the US economy improved considerably in the second quarter of the year, as a rebound in consumer spending helped drive the strongest quarter of growth in nearly four years.
U.S. Xpress goes public; retail sales numbers explode for May; BNSF seeks positive train control delay; Brussels airport goes to blockchain for air cargo management; American LNG exports expected to benefit the entire economy.
Retail activity improved again in April, helping to reinforce the idea of stronger consumer spending in the 2nd quarter. This should help sustain freight demand as retailers look for inventory replenishment and last mile residential delivery services
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Economic growth slowed down in the 1st quarter, as payback from post-hurricane surges and poor weather derailed activity in some sectors of the economy.
FTR’s Shippers Conditions Index (SCI) took a tumble in August, the firm said, dropping to a negative 6.7 reading. Most of the decline was due to the short-term fuel cost increases because of disruptions due to Hurricane Harvey.
The first unofficial pictures of Waymo’s self-driving truck have emerged, creating a stir among the companies racing to become the first to make a production autonomous truck available.
