Flatbed Report: U.S. manufacturing industry is still contracting
The manufacturing industry, a vital driver of the U.S. economy, and flatbed demand dropped at a faster-than-expected rate in February, making it the 16th consecutive month of declines. The Institute for Supply Management’s Purchasing Managers Index (PMI) came in at 47.8 for February, down from 49.1 in January. The PMI is a diffusion index; readings…