Politics aside, the economy improves
Another week and another political convention. As for the economy there is probably too much emphasis placed on the role of the President.
- The Cass Intermodal Index fell another 1.5 percent year-over-year in June, representing 18 consecutive months of year-over-year declines. Its reading of 121.1 also represents a 4.3percent drop in June from May and is at its lowest level since January 2011.
- The Association of American Railroads (AAR) said that intermodal freight in the second quarter fell 5.5 percent for the largest year-over-year decline since late 2009.
- The Intermodal Association of North America (IANA) reports that through the first six months of 2016 trailers were down 26.5 percent, domestic containers were up 4.8 percent, ISO containers were down 3.3 percent, and total volumes were off 2.3 percent annually at 8,622,625 units handled.