Courtesy of Mish.
Truck shipments were up in June from May. So were expenditures.
That sounds pretty good, but it really isn’t. Shipments are normally up in June and the Cass Freight Index report from which I get numbers is not seasonally adjusted.
The best way to compare June is to prior years, and that picture isn’t pretty.
Cass Freight Index
Shipments
Expenditures
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