U.S. adds 136,000 jobs in September, unemployment rate hits 50-year low

Good news, but employment is a trailing indicator.

Hey @J-man heavy truck sales were down 71 percent this month YOY. Last month wasn't any better. Was there some sort of tax reason for this? If not that's a scary statistic. Only something like 12,000 sold.
 
Good question. Freight capacity seems to be holding up well even after the summer produce swing plus we’re fast approaching the holidays which means a push to get wiggets to market. On the other hand, truck availability remains tight in many areas and I’m pretty sure driver turnover/retention remains challenging. I just know the last two weeks you couldn’t count the number of semi-trucks and trailers on I-75 in both North and South bound lanes which is uncommon in October.
 
J-man said:
Good question. Freight capacity seems to be holding up well even after the summer produce swing plus we’re fast approaching the holidays which means a push to get wiggets to market. On the other hand, truck availability remains tight in many areas and I’m pretty sure driver turnover/retention remains challenging. I just know the last two weeks you couldn’t count the number of semi-trucks and trailers on I-75 in both North and South bound lanes which is uncommon in October.
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I'm thinking such a strong drop must be an anomaly of some sort, but I can't find a reason. Rail capacity usage is dropping, but not at a huge rate if you take away coal.
 
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