Bloated inventories and weak trade making it difficult for truckers, railroads
American truckers have developed a slow leak.
U.S. shipments as measured by the latest Cass Freight Index dropped 5.3 percent last month from a year ago, making it the worst October since 2011. The year-over-year decline was the eighth straight and the biggest since November 2009. Trucks transport almost 70 percent of the nation’s freight by weight, according to American Trucking Associations.
Read more from BloombergBusiness.
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