TV News LIES

Wednesday, Oct 16th

Last update05:20:13 AM GMT

You are here News Economy A 'troubling signal' for the economy is fewer goods being shipped across the country

A 'troubling signal' for the economy is fewer goods being shipped across the country

E-mail Print PDF
Fewer goods being shipped across country

Here's another early warning signal of possible recession: Fewer goods are being shipped across the country.

Truck, rail and air freight volumes fell 5.3% in June from the same period a year ago, the seventh straight annual decline, according to the closely watched Cass Freight Index. That followed a 6% drop in May.

The persistent drops could portend trouble for the economy because shipments reflect demand for a wide range of consumer and industrial goods.

“There is growing evidence from freight flows that the economy is beginning to contract,” Donald Broughton, managing partner of Broughton Capital and author of the Cass report, wrote in the latest edition last week.

More...


Most Recent Related Stories...


Wall Street tumbles as trade war threatens U.S. economy

Wall Street tumbles amid trade warWall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after...

All Avenue stores closing, liquidation now underway

All Avenue stores closing Another women's retailer is closing all of its stores. Plus-size retailer the Avenue will close its 222...

Report: US government losing billions in corporate tax revenue from IRS budget cuts

IRS losing billions from cutsThe federal government could have collected $34.3 billion more in taxes from the nation’s largest corporations...

Most Americans are living paycheck to paycheck, survey shows

Living paycheck to paycheck When you have a seemingly endless list of bills to pay and financial responsibilities to take...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!