“Economic data from the goods side of the economy continued to underperform in April, as both retail sales and industrial production unexpectedly declined during the month” – According to article in freightwaves.com and its author  Ibrahiim Bayaan
Bayaan also wrote – “This serves as disappointing news for trucking and parcel demand in the economy, as most of the goods movements between warehouses and retail locations occurs by either truckload, less- than-truckload, or parcel shipments.”
Escalation of trade wars between the U.S. and China will likely make things worse for trucking industry and freight rates.

Read full story here : freightwaves.com/news/more-troubling-signs-for-freight-demand-as-retail-manufacturing-slip

Source and credits : reightwaves.com /  Ibrahiim Bayaan, Chief Economist & Market Expert