10 things eft’s been reading this week
Is the logistics sector a harbinger?
If logistics companies are the arteries of the modern economy, then there might be some worrying signs that the rest of the economy might want to look at. We’re definitely not feeling a heart attack just yet but there appear to be some chest pains, as several index measures look like they are cooling down. A strong part of this might be heavy loading to try to beat tariffs towards the end of 2018 and start of 2019, but with the German economy teetering on recession, Brexit looming, the trade war still far from resolution, IMO 2020 nearing and oil supply at risk, there is plenty of reason to pay attention right now. This week we take a look at what logistics might be trying to tell us about the economy.
A pulse on freight signals U.S. economic contraction by year-end. [FleetOwner]
E-Commerce Made Warehouses Hot. Trade War Could Cool Them Down. [Wall Street Journal]
Coyote Logistics: Truckload Rates to Rebound. [TTNews]
FedEx shares plunge on gloomy economic outlook. [Financial Times]
Freight Slowdown Is A Terrible Sign For The Economy. [Forbes]
Is there a freight recession barreling our way? [AJOT]
Weak Logistics Indicators Reinforce Persistence Of Growth Slowdown. [BloombergQuint]
IANA panelists see slowdown in trucking and intermodal. [AJOPT]
Class 8 sales up in August, but figures indicate forecast slowdown coming. [The Trucker]
US manufacturing contracts for first time since 2016 amid tension. [Financial Times]
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