http://www.msn.com/en-us/money/mark...ng-chilling-news-about-the-economy/ar-BBjMdjT
Rates for intermodal containers by rail dropped on a year over year basis in January, February, and March, according to the Cass Intermodal Price Index by Cass Information Systems. April hasn't been released yet.
The trucking business is an early thermometer of the real economy. Things might turn around on a dime. There might be a sudden surge of sales that will propel the economy to escape velocity. But we doubt it, and we'll keep listening to the truckers for more clues going forward.
When the People's Bank of China spoke of "big downward pressure," it wasn't kidding.
Rates for intermodal containers by rail dropped on a year over year basis in January, February, and March, according to the Cass Intermodal Price Index by Cass Information Systems. April hasn't been released yet.
The trucking business is an early thermometer of the real economy. Things might turn around on a dime. There might be a sudden surge of sales that will propel the economy to escape velocity. But we doubt it, and we'll keep listening to the truckers for more clues going forward.
When the People's Bank of China spoke of "big downward pressure," it wasn't kidding.
