In April, residential housing construction for single-family homes was mostly flat sequentially but still 22% higher than last year. For flatbed carriers looking for demand signals of an improving truckload market, the April result shows the market is in a holding pattern now the Federal Reserve has indicated rate cuts may not occur this year…
According to Professor Jason Miller, a supply chain expert at Michigan State University, trucking companies need more good news as demand remains weak. The latest release of the for-hire trucking ton-mile and revenue indexes (TTMI), based on output across 41 freight-generating industries, showed March’s seasonally adjusted ton-mile reading decreased 0.5% from February but remains down…
Despite the current economic climate, consumers strongly feel an affinity for restaurants. A staggering 64% expressed their desire to dine at or order from restaurants daily if circumstances allowed. However, the ongoing battle with inflation has reduced their spending and staff gratuities. On average, consumers now allocate 30% of their individual or family food budgets…