“Data on producer prices shows that wholesale inflation pressure was nearly nonexistent in July. Industry detail showed broad-based declines in trucking rates, and yearly it is likely to turn negative in upcoming months.” – According to the article in freightwaves.com and its author Ibrahiim Bayaan

Long-distance truckload rates slide again, near negative territory

“The monthly PPI release also offers a tremendous amount of detail each month, allowing for insight into pricing trends for commodity, product and industry groups. Producer prices for General Freight Trucking fell 1.2 percent from June’s levels, more than erasing the gain from last month. Year-over-year growth tumbled to 1.2 percent as a result, which is the slowest pace of yearly increase in more than two years” – Bayaan also wrote in his article

Read the whole story and see infographics HERE

Source and credits: freightwaves.com /  Ibrahiim Bayaan, Chief Economist & Market Expert and Mario Pawlowski / iTrucker