# Is the US in a freight recession?

> 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.

- Date: 2023-04-25 · published 2023-04-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36587-is-the-us-in-a-freight-recession
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- DIESEL: bearish ▼
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-04-17 | [Drop in Diesel Demand Heightens Recession Concerns - TT](https://feedsoft.ai/events/36589-drop-in-diesel-demand-heightens-recession-concerns-tt.md) | -6.1% | -13.1% |
| DIESEL | 2019-11-16 | [FreightWaves oil report: So where is the impact from IMO 2020? - FreightWaves](https://feedsoft.ai/events/56253-freightwaves-oil-report-so-where-is-the-impact-from-imo-2020-freightwaves.md) | -0.9% | +2.7% |
| DIESEL | 2022-07-05 | [Oil tumbles 9% on recession demand destruction fears](https://feedsoft.ai/events/12612-oil-tumbles-9-on-recession-demand-destruction-fears.md) | -4.4% | -12.7% |
| DIESEL | 2023-03-20 | [Benchmark diesel price down 7 weeks in a row - FreightWaves](https://feedsoft.ai/events/37031-benchmark-diesel-price-down-7-weeks-in-a-row-freightwaves.md) | +0.8% | -2.0% |
| DIESEL | 2022-07-05 | [Oil tumbles as much as 10%, breaks below $100 as recession fears mount](https://feedsoft.ai/events/11251-oil-tumbles-as-much-as-10-breaks-below-100-as-recession-fears-mount.md) | -4.4% | -12.7% |

## Sources

- newsnationnow.com: https://www.newsnationnow.com/business/us-freight-recession-economy/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.