Trucking Sector Starting To Show Weakness

The shipping industry, which serves as the arterial system for the economy, is feeling the chill of a slowdown.As U.S. growth decelerates, an overwhelming majority of trucking companies tracked by Merrill Lynch expect shipping rates to either fall or stay flat, the firm said on Friday, as its Truckload Diffusion Indicator tumbled to its weakest levels since October 2016.The index, a barometer of the freight-hauling industry, is now down 29% year over year, and shippers’ outlooks are broadly negative to neutral.The sluggish conditions cited by Merrill Lynch in its report appear to be playing out around the country. The Cass

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