Consumers reversion to services has not come at the detriment of durable goods spending. Over the past four weeks, the mix of durable goods-to-services spending has remained stable.
How are retail stores recovering as COVID restrictions ease and foot traffic increases? Andrew Cox breaks it down on this episode of Great Quarter, Guys.
The growing backlog of new truck orders has supercharged pricing for newer used models at auctions, with retail traffic also high.
Retail sales surged in March along with freight volumes. An increase in vaccinations and stimulus payments provided a “perfect alignment” for the blowout report.
Hybrid investment firm Florida Funders has made a second investment in OTHRSource, an Atlanta-based company that specializes in boosting brands’ sales through strategic merchandising opportunities, both in-store and online.
U.S. intermodal traffic on a weekly basis continues to show strength, rising last week by 22%, according to the Association of American Railroads. The increase comes amid higher U.S. retail sales in February year-over-year, despite a sequential decline.
Census Bureau data showed a decline in February sales, but levels remain elevated from a year ago as new stimulus hits
Using data from consumer tracking firm Commerce Signals, the idea that e-commerce sales significantly hurt in-store sales during COVID-19 may not be completely accurate.
U.S. weekly intermodal volumes moved higher last week amid support from retail and e-commerce, while carloads slumped as some U.S. Gulf Coast facilities seek to fully return to normal following February’s winter storm.
There is no definitive end for this freight bull market in sight. Consumers continue to spend on goods, driving freight and diminishing already depleted inventories. Even if consumer spending diverged from its current trajectory (which I see as unlikely, especially given the additional stimulus, accelerating vaccine rollout and strong consumer balance sheet), the mass inventory restocking ahead will be sufficient to keep freight flowing from a consumer perspective.
Despite losing momentum sequentially for the last three months of the year, holiday sales grew 8.3% year-over-year. The surprising data is further evidence of the resilience of the American consumer, and the ability for retailers to influence how and when people shop.
Kevin Hill and Michael Vincent discuss how imports and retail sales continue to support intense freight activity.
Consumer spending on goods drove the majority of the freight boom in 2020. Will this trend last in 2021?
Andrew Cox and Seth Holm debate how companies should look to expand their operations for the coming year.
Imports continue to pile up as shippers and carriers take time for the holidays. They may come back to a mess.
Elevated demand and tight capacity have highlighted the trucking market for a few months now. Recent data points and commentary suggest this dynamic may not abate anytime soon.
Recent data points as well as updates from retailers suggest this inventory restocking cycle may take a few quarters to fix, meaning the current supply-demand dynamic in trucking could linger.
Weekly rail traffic moved higher week-to-week amid growing builder confidence and higher retail sales in May. But will the upward trend last?
Anthony and Zach discuss the dynamic between the spot and contract market as rates continue their wild ride in 2020. Do carriers, brokers or shippers control the spot market?
Listen to the podcast to hear a breakdown of the survey here.
