Key Takeaways that you will find in this issue of the FTR Weekly Transportation Update

  • The U.S. adds 661,000 payroll jobs in September.
  • The unemployment rate eases to 7.9%.
  • Trucking adds 4,600 jobs; rail adds 100.
  • President Trump’s COVID-19 diagnosis adds to unease.
  • Initial unemployment claims total 837,000.
  • Regular continued claims total 11.8 million.
  • Federal continued claims total 13.7 million.
  • Personal income falls 2.7% in August.
  • Consumer spending edges up 1.0% in August.
  • Orders for manufactured durable goods edge higher.
  • ISM manufacturing index eases slightly.
  • Goods exports and imports see slower growth.
  • Truck spot market loads rise slightly.
  • Truckers’ hours-of-service rules change takes effect.
  • Intermodal stays strong through September.
  • Rail service levels hold up well overall.

 

Note: This report is available every week to FTR’s Premium subscribers. We are sharing it with you this week to keep you informed of the important employment data that has just been released. Would you like to keep getting these updates and staying apprised of market risks? Contact Customer Relations at info@ftrintel.com).