Volumes out of the Tifton, Georgia market have been moving upward since the beginning of the month, with FreightWaves’ SONAR Outbound Tender Volume Index (OTVI.TMA) showing a 33 percent surge since June 2.
As the second quarter 2019 earnings season approaches, the negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and their outlook for the sector.
Economic data from the goods side of the economy showed some signs of life in May, as growth in retail sales and industrial production exceeded expectations during the month. This is an encouraging sign that activity may be stabilizing in the second quarter, though details in manufacturing point to some struggles.
FreightWaves Founder and CEO Craig Fuller interviewed Truckload Carriers Association Vice President of Government Affairs David Heller about some of today’s most relevant issues facing the truckload industry during Heller’s recent visit to FreightWaves’ Chattanooga, Tennessee headquarters.
TCA’s David Heller discusses game-changing ELD data and the ways it may impact driver detention and retention trends.