America's Truckers Have Some Bad News About The US Economy
Sam Ro|Aug. 28, 2012
Almost every good we own has been in a truck at one point or another. As such trucking volumes are a key bellwether of the U.S. economy.
Unfortunately, truck volumes are looking “weaker than normal” so far in August. This is according to Christian Wetherbee, Citi’s trucking analyst.
From his note to clients:
Last week we conducted a series of channel checks in the Truckload sector and while July freight was in line with expected seasonality, and up from last year’s relative weakness, August volumes were a bit weaker than expected. It appears that August loads were barely positive YoY and roughly flat sequentially (typically August volumes improve from July). Multiple carriers cited uncertainty over the election and overall economic softness as the drivers of August weakness and expected September softness. In addition, as we noted in our weekly, September has two fewer work days than in 2011, which may skew its typical seasonal strength and makes comps more challenging.
SEE ALSO: 36 Weird Economic Indicators That You’ve Never Heard Of >
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Whistler Blowers, Insiders
Keep on Truck’in…
It is sad to see that so many truckers are leaving the business due to lack of work and regulations.
Then why has truck manufacturing increased in the past six months? My friend’s husband was called back to work by Freightliner about six months ago, and they have been having a robust business.
Freightliners are being shipped oversea that why to increase in sales
if you want to find out the economy is failing, you will. if you want to find out the economy is improving, you will.
Too late! The SHTF!
For a real look go to urbansurvival.com
The natural state of our economy is prosperity. The only force capable of undermining our economy is a government that believes it has the right to micro-manage and manipulate it. Economic Warfare sheds some much-needed light on this crippling problem and reveals what it will take to get our capitalist free market economy back on track.
Thanks,
Free Market Capitalist
I work on the logistical end of transportation, and weve been hoppin. especially lately.