- YoY shipments are up 7.1%
- YoY expenditures are up 7.4%
But before all the full truckload providers get too excited it is important to call out the role of parcel in this number. E-Commerce is driving the "train" (sorry for the pun) and a lot of this is essentially Fedex, UPS and other small parcel shippers. The trend below shows it is really not very exciting for truck load carriers:
But, the good news is it appears freight is moving which ultimately is very good fro the economy. I do think it is too early to call an end to the recession the way Cass did but certainly "green shoots" are starting to form.