The Two Materials That Predict Freight Demand Both Just Posted Gains. Here Is What February’s Data Is Telling Us.
View original at finance.yahoo.comThe Two Materials That Predict Freight Demand Both Just Posted Gains. Here Is What February’s Data Is Telling Us. Most truckers track spot rates…
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Every load of goods that moves through the U.S. freight system sits on a wooden pallet
60% confidenceThe pallet PPI shows one of the cleanest pictures of the freight cycle you will find anywhere in government data
60% confidenceWhen businesses are shipping a lot of goods, they go through a lot of pallets. When they are not shipping much, pallet demand drops off and pallet prices fall
60% confidencePallet prices climbed steadily from late 1980s to 2020, reflecting slow and consistent growth in goods movement year over year, with the index starting at roughly 80 in the 1970s and reaching around 200 by 2021
60% confidenceThe materials that become the boxes and pallets your freight rides on get made and shipped before the freight itself ever moves, which means the people buying those materials right now are telling you, in advance, how much freight is coming
60% confidence