May US trucking gains a blip – no indicator of a clearer road ahead
US trucking volumes improved in May after declines in the previous months, but observers still ...
US trucking business hit new lows since an outbreak of Covid in the second quarter, with volume falling 9% against Q2 22 and spending down 10.9%.
And July brought a further decline in US transport spend and supply chain activity, albeit at a slower pace.
The trucking market contracted for the fourth consecutive quarter from April to June, according to the quarterly US Bank Freight Payment Index, with shipment volume down 9% on a year ago.
According to Bob Costello, chief economist of ...
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