• A thermometer of the goods-based economy is slowing down

    4 days ago - By Business Insider

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    Freight shipment volume across all modes of transportation - truck, rail, air, and barge - rose 6% in August.
    That is the smallest increase since October 2017.
    Shippers are going to be out of luck for a while capacity remains tight and costs rise.
    The signs that the infamous cyclicality of the transportation industry is changing direction once again are still timid. This industry is a thermometer of the goods-based economy. And it has been hopping! But the first such signs are appearing, even as activity is at record highs, amid complaints of equipment and driver...
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