Loading…
The U.S. Bank Freight Payment Index shows the second-quarter National Shipment Index at 114.9, down 7.6% from the first quarter and 12.5% year over year. The spend index fell 13.7% as lockdowns cut freight volumes across the US economy.
The report's author describes the data as pointing to a US recession.
Weak freight demand signals softer US economic activity and lower trucking demand. The effect on feed commodity prices is limited.
stage.logisticsmgmt.comJeff BermanJul 29, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
