What Trucking & Freight Just Said About the Goods-Based Economy in the US

Wednesday, February 20, 2019
By Paul Martin

by Wolf Richter
WolfStreet.com
Feb 19, 2019

Something has to give.
Starting to be a fascinating phenomenon: Rates charged by trucking companies and other transportation providers continue to surge on a year-over-year basis even as the volume of shipments has dropped below where it had been a year ago, while the “capacity squeeze” of 2018 has disappeared, and as the price of fuel is down year-over-year.

Freight shipment volume across all modes of transportation – truck, rail, air, and barge – in January ticked down (-0.3%) from January last year, according to the Cass Freight Index, the second year-over-year decline in a row. Those two declines are the first since the transportation recession of 2015 and 2016. The extraordinary plunge since the extraordinary peak in shipments last summer indicates that the transportation boom with its double-digit year-over-year increases has fizzled. This chart shows how freight volume changed from the same month a year earlier:

The Rest…HERE

One Response to “What Trucking & Freight Just Said About the Goods-Based Economy in the US”

  1. White Scooter Trash

    They will be replaced by Autonomous trucks !! Trucks that have no drivers need no union and no employees. It’s a win win situation for big tech. The little guy looses and big billionaires win.

    $$$$$$$$$$$$$$$$$$$$$$$$$$$ MAGA $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

    Drive it like ya stole it because ya did MF !! Hah

    #3895899

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