The transportation of goods across the country is something you likely witness on a daily basis. Hundreds of thousands of tons make their way across our highways on a monthly basis, involving hundreds of different carriers while employing thousands of individuals. This particular index tracks the year-over-year percentage change (for a similar month) in the tonnage that is transported. Its significance is that the index has historically contracted in the period preceding a systemically driven recession, making this index one of our key metrics for broad economic health.
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. The economic forecasts set forth in the presentation may not develop as predicted.
All data is sourced from Bloomberg, through the release of monthly figures from the U.S. Bureau of Labor Statistics or from the Federal Reserve and any of its affiliated regional location.