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August 20, 2018

IT’S GREAT AGAIN: What Truckers & Railroads Just Said about the US Economy.

The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment volume (not pricing… we’ll get to pricing in a moment) by truck, rail, air, and barge, according to the Cass Freight Index jumped 10.6% in July compared to a year earlier. This pushed the index, which is not seasonally adjusted, to its highest level for July since 2007.

The dynamics in the transportation sector are “clearly signaling that the US economy, at least for now, is ignoring all of the angst coming out of Washington D.C. about the trade wars,” the report by Cass said.

Plus, ripple effects: “Trucking companies are responding to the capacity squeeze: In July, their orders for Class 8 trucks soared 187% from a year ago, to 52,250 units, the highest number of monthly orders ever.”