"Transportation Recession" Gets Uglier by Wolf Richter Jul 15, 2019 After the boom comes the bust. Freight shipments in the US across all modes of transportation truck, rail, air, and barge fell 5.3% in June compared to June last year, after having fallen 6.0% in May, the seventh month in a row of year-over-year declines, according to the Cass Freight Index for Shipments. This decline, along with other freight indicators, including orders for heavy trucks, now clearly outline the new Transportation Recession number 2 since the Great Recession in this very cyclical business:" read more
U.S. rail traffic dipped again for the week ending April 20, according to data from the Association of American Railroads. Year-to-date U.S. rail traffic totaled 8.24 million carloads and intermodal units, a 1.8 percent decline from the same period in 2018. Of that total, U.S. carloads, which represented 48 percent of traffic, were down 2.7 percent to 3.97 million carloads, while intermodal units fell 1 percent to 4.27 million units. Rail traffic was also down from a weekly perspective. For week 16 of 2019, total U.S. traffic fell by 2.4 percent to 526,141 carloads and intermodal units compared with the same weekly period in 2018.