Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Trucking firm Elite Carriers and brokerage affiliate ECI Inc. have filed for Chapter 11 bankruptcy, joining three other entities owned by Kirk Ecklund in seeking protection.
US Postal Service data has revealed interesting patterns about people migrating from larger US cities to smaller ones during the first five months of 2023. Major metropolises such as Miami, Houston, and Austin have witnessed an outflow of residents, while smaller areas on the outskirts are attracting a growing number of inhabitants. Factors driving this shift include affordable housing and the rise of remote work that enables people to live further from city centers.
Source: Business Insider
The U.S. cities the most people have moved out of since Jan 2023 according to USPS:
— Alex Friedman 🤠(@heyalexfriedman) July 30, 2023
7. Dallas, TX
6. Miami
5. Austin, TX
4. New York City
3. Los Angeles
2. Chicago
1. Houston, TX
🤔
LA and NY seem obvious due to a higher population than the other cities. Interesting to see so…
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
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Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
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