Just posting the August numbers as a reminder since we should have September shortly. However all indications are freight was soft as well as the economy in general. August showed a month over month decline in shipments of 1.2% and a decline in expenditures of 2%. The Year over Year (YoY) was even more pronounced with shipments decreasing 4.6% and expenditures down 8%.
Even with the rebound in stocks recently, the Dow transports are down 9.7% this year and the total market only down 2.36%. Bottom line, the freight transportation volumes continue to be softer than predicted and I am not sure there is any "push" for the retail season.
Looking forward to the September numbers and here is hoping I am wrong.
A 25 year veteran of the supply chain and logistics industry blogs on all things logistics. Experience in 3PL, automotive and consumer goods logistics help bring a unique insight to this topic
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