Thursday, October 22, 2020

Tag: A Transportation Recession Has Already Officially Arrived

In The U.S., A Transportation Recession Has Already Officially Arrived

by Michael Snyder, The Economic Collapse Blog:

A transportation recession often precedes a recession for the entire economy, and while the debate about when the U.S. economy as a whole will plunge into a recession is quite vigorous right now, the truth is that the debate is over regarding when a transportation recession will begin.  Throughout 2017 and most of 2018, U.S. freight shipment volume was booming, and that was a very strong sign that overall economic activity was rising.  But when economic activity begins to decline, freight shipment volume often goes negative, and that is precisely what is happening right now.  In fact, U.S. freight shipment volume has now declined on a year over year basis for eight months in a row