Features

Chart of the week: US road haulage index defies the gloom-mongers

Transportation data is a helpful leading indicator, and according to America's For-Hire Truck Tonnage index, there is no sign of a dip in demand for road freight.

941_COTW-road-haulage-trucking

There has never been a recession in America without a preceding slide in road haulage, as Jonathan Allum points out in The Blah.

Transportation data is a helpful leading indicator as goods always have to be taken somewhere before being assembled or sold. The good news is that according to the For-Hire Truck Tonnage index, there is no sign of a dip in demand.

Other recent data has also defied the gloomsters, says a Gavekal Research note. The Atlanta branch of the US Federal Reserve has nudged its first-quarter GDP growth estimate up to 2.1%; manufacturing data and mortgage applications also indicate "a steadying of the ship". A "newly dovish" central bank should also boost investors' confidence.

Viewpoint

Robert Colvile, City A.M.

Recommended

How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
US election: stockmarkets don’t care who’s in the White House
US stockmarkets

US election: stockmarkets don’t care who’s in the White House

The economic cycle and America's central bank have a much bigger effect on long-term stockmarket returns than whether Democrats or Republicans are in …
23 Oct 2020
What the race for the White House means for your money
US election

What the race for the White House means for your money

American voters are about to decide whether Donald Trump or Joe Biden will take the oath of office on 20 January. Matthew Partridge explains how vario…
15 Oct 2020
The riskiest election in US history
US election

The riskiest election in US history

Donald Trump’s illness has rattled markets as investors try to understand the implications of an incapacitated American president or a bitterly contes…
8 Oct 2020

Most Popular

Negative interest rates and the end of free bank accounts
Bank accounts

Negative interest rates and the end of free bank accounts

Negative interest rates are likely to mean the introduction of fees for current accounts and other banking products. But that might make the UK bankin…
19 Oct 2020
UK post-Covid recovery stocks: these 20 companies could be set to rocket
Share tips

UK post-Covid recovery stocks: these 20 companies could be set to rocket

Finding stocks with the potential to rise tenfold or even further is far easier said than done. But the pandemic has produced the most promising backd…
22 Oct 2020
Big spending government is here to stay – just ask Rishi Sunak
UK Economy

Big spending government is here to stay – just ask Rishi Sunak

Governments around the world are splashing huge amounts of cash as they do “whatever it takes” to prop up their economies. John Stepek looks at where …
23 Oct 2020