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Three freight indicators that point to a cycle bottom

As we approach the end of Q3, there are signs of stability in shipping. CIBC highlights three indicators released in the past week that point to a potential floor in the beaten-up freight sector.1) The American Trucking Associations' (ATA) Report: The Truck Tonnage Index, which measures truck shipments, went up by 0.2% in August after a 1.1% rise in July. ATA commented that there is growing evidence tonnage hit bottom in April and continues its slow climb upwards.2) Cass Shipments Data:The Cass... Read More

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Three

Freight

Indicators

That

Point

Cycle

Bottom

Forex

Posted: Sep 25 2023, 02:58

Author Name: forexlive

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