US freight shipments fall for 7th month in a row. After the boom, the bust.
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But freight rates remain red hot.
Majestic sight: 292 Union Pacific engines idled in Arizona Desert.
Hope came unglued all over again.
I try not to make predictions these days. But a few times I lapsed.
What US Freight Shipments and Pricing Say About the Slowdown.
For Trucking and Railroads, it’s Hangover Time.
Navistar confirms next phase in Transportation Recession.
Order backlog still feeds truck makers, but they don’t disclose for how long.
Revisions show the slowdown expected this year hit last year, and now is the rebound. If there’s ever a time for the Fed to not cut already low rates, it’s now.