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A freight recession is emerging in the US as trucking demand falls, with the ATA Truck Tonnage Index down 5.4% in March and spot load postings about 70% below last year. J.B.
Hunt's president declared a freight recession.
Weak freight demand and excess truck capacity lower hauling costs for grain and feed but signal a broader economic slowdown that could reduce livestock and feed demand.
newsnationnow.comAndrew DornApr 25, 2023After 79 past bearish macro events, DIESEL moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.
Not 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.
