Anthony and Zach discuss what to make of the subtle increase for the May PMI and orders, while domestic freight volumes surge. Also, produce season pushes agricultural rates over 2019.
Manufacturers’ new orders for durable goods declined in April, and details suggest more trouble ahead for freight demand in the economy
New orders bounce significantly, raw materials prices fall.
The first week of 2019 saw three of America’s largest companies announce revenue expectation reductions, signaling a potential cooling of the U.S. shipping market.
Manufacturing growth is likely to remain solid in the 2nd quarter, as orders for new production remained healthy through March. This should help keep freight demand strong, even if things have moderated from the torrid pace seen in previous months.
Factory orders for durable goods bounced back after a large decline in the previous month. Gains during the month were broad based in a sign that freight demand should be solid in upcoming months
Total factory orders declined in January, in a sign that surging demand for freight carriers may ease slightly in upcoming months.
Hear from owner-operators and safety personnel to stay ready for the challenges of the road
