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Posts tagged GDP
Freight's Deteriorating Perspective - October 15, 2019

Cass’s latest Freight Index Report is “signaling an economic contraction”, indicating a “growing risk that GDP will go negative”. Cass’s data isn’t exact on the timing, and while GDP “may be negative” in Q3, “continued weakness… should result in a negative Q4 GDP. Recent trucking data also shows the industry is under strain, with jobs being “slashed” and bankruptcies up significantly over last year

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