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In this episode, Zach Strickland looks at maritime import shipments in the Los Angeles, CA market, Luke Falasca discusses growth in the Spokane, WA market , and John Kingston returns for an oil update.
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Noble1 suggests SMART truck drivers should UNITE & collectively cut out the middlemen from picking truck driver pockets ! UNITE , CONQUER , & YOU'LL PROSPER ! IMHO
Quote from TradingEconomics
2020-03-04
US Service Sector Contracts the Most in Over 6 Years
The IHS Markit US Services PMI was confirmed at 49.4 in February 2020, down from the previous month’s 53.4, pointing to the steepest contraction in the sector in over six years.
New business rose at only a fractional rate due to the largest drop in new business from abroad since last November, with customers holding back from placing orders amid global economic uncertainty and the coronavirus outbreak.
The pace of job creation slowed to a three-month low, amid subdued demand and reduced pressure on capacity following a contraction in backlogs of work. On the price front, the rates of input price and output charge inflation softened.
Looking ahead, business confidence picked up to a nine-month high on hopes of an uptick in client demand and the expansion of available service lines .
End quote .
This current cycle appears to have arrived at a completion . Therefore we should see an uptick in the next US Service Sector Contracts report based on TA ,
In my humble opinion ……..
Noble1 suggests SMART truck drivers should UNITE & collectively cut out the middlemen from picking truck driver pockets ! UNITE , CONQUER , & YOU'LL PROSPER ! IMHO
Allow me to rephrase :
This current cycle appears to have arrived at a completion based on TA . Therefore we should see an uptick in the next US Service Sector Contracts report ,
Now that’s much better .
IMHO