Calafia Beach Pundit: Another Look At Truck Tonnage

August 21, 2019 Bob Weir Calafia Beach Pundit, Economic Insights, Industry, Market Insights

Truck Tonnage is a good proxy for the physical size of the U.S. economy, since it represents 70% of the tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. This year’s volatility is probably due to the disruptions caused by Trump’s tariffs. Nevertheless. July’s data shows that tonnage is still in a rising trend.

The Author provides 6 charts in his article. Here is #3, which shows the close correlation between truck tonnage moved and equity prices.

You can read the entire article by clicking HERE

The Calafia Beach Pundit is Scott Grannis, who regularly writes an insightful and informative economic-oriented blog. Scott was Chief Economist from 1979-2007 at Western Asset Management, a Pasadena-based, global manager of fixed-income portfolios for institutional clients. He continues to keep up on economics, markets, and politics from his condo overlooking Calafia Beach on the southern California coast.

About Bob Weir 329 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

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