540 6 minutes read. Due to Memorial Day, OTVI now sits at 9,191.39, and has climbed 4% off the holiday bottom. Because of this, holidays render week-over-week comparisons nearly useless. accounts and selling of in-game values since 2014. Truckload was the best performer at 7.5% but all modes were hugely positive and not far behind.For more information on the FreightWaves Freight Intel Group, please contact Kevin Hill at khill@freightwaves.com, Seth Holm at sholm@freightwaves.com or Andrew Cox at Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. One-quarter of the markets are up by at least 10%. Add to cart. He co-hosts the freight finance podcast "Great Quarter, Guys" on Tuesdays at 2 p.m. EST. A few events have occurred in May to push volumes back above the 10,000 level: agricultural harvests in California and Florida; automotive and manufacturing facilities in the Midwest reopened; and restaurants and retail stores began to open their doors after almost three months of lockdown. It is not just the contract volume market heating up. We have noticed the timing of the volume rise has coincided with consumer spending picking up. This brings the 10-week total to 40.8 million Americans applying for unemployment benefits, which more than wipes out all the job gains since 2009. Continuing claims, a good measure of the persistence of unemployment, clocked in at 21.1 million, a decrease of 3.9 million from the prior week, which is a good sign as it suggests some people are being rehired as states open back up.To put into context just how high that number is, 1% of the American workforce lost their jobs this week, although this is down sharply from the peak trend of 4% per week just a few weeks ago. Lodging is clearly improving, now running down close to 70% from 90-100% earlier. The produce season helped push reefer rejection rates up, especially in and around California and Florida. More than 80% of the Truckstop.com lanes are showing positive growth in dry van volumes. Again, if we are honest, we would never have imagined that consumer spending ex-autos would be flat year-over-year in the midst of the worst recession since the Great Depression.It remains to be seen how sustainable this boost in consumer spending is.
Read more They also recovered $3.1 million dollars in PPP proceeds from 10 bank accounts.Quotes delayed at least 15 minutes. Overall reefer rejections are up 22% week-over-week. Although rates are moving upward, they are coming off a very depressed base. Browse all other channels! The unofficial unemployment rate now sits close to 25%, more than seven times the 50-year low of 3.5% from about 10 weeks ago.Taking a deeper look at more granular credit card data from Bank of America Merrill Lynch for the week ending May 23, several things stand out. While rates remain well below where we would expect them to be at this time normally, it has gotten much better for carriers in May. This is partly due to the typical shipper rush to move freight before a holiday, but it also is a sign shippers are seeing demand for their goods. Memorial Day may have distorted results as there was likely less spend on travel and parties relative to last year.Amazingly, retail sales ex-autos are actually running flat year-over-year for the trailing seven days, (in line with last week), driven by strength in the low-end consumer. The Passport Research team will be releasing a detailed account of consumer spending and its relation to freight volumes next week. Online electronics and e-commerce continue to exhibit scorching growth of 136% (an acceleration from 126% last week) and 86%, respectively, on average for the past week. Perfumy i wody męskie Paco Rabanne mają bardzo długą projekcję, dzięki czemu nie są one nudne i jednorodne. ©2020 FOX News Network, LLC. Almost all (87%) of the Truckstop.com spot rate lanes are positive week-over-week. It’s not much, but just three weeks removed from the lowest print in series history, any movement the upside should be cheered by carriers. Reefer rejections stalled last week but began to rise again before Memorial Day. Quotes delayed at least 15 minutes. "Prosecutors said as part of the scheme Thomas, Gaines, Green and Benoit submitted PPP applications seeking loans of $800,000 apiece for five businesses. The Memorial Day holiday throws weekly volume comparisons out the window, but it seems relatively more volumes moved this year than each of the past two years this week. For now, consumer spending and consumer sentiment is being propped up by government stimulus.
Flux is a common material in Trove. ... the 2.1 million initial claims are still over three times the previous peak of 665,000 in the 2008-09 recession and the all-time record of 695,000 in October 1982. This will be a major trend to watch come August when the government money is set to expire. Debit card spending is faring much better than credit card spending (up 1% year-over-year compared to down 24%).Overall card spending (both debit and credit) was down an average of 10% for the trailing seven days, in line with the last two weeks and still a major improvement from the trough of -40% during the last five days of March (and -18% three weeks ago).