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The data does suggest that the supply of capacity and demand for its use is moving back toward equilibrium at a relatively fast clip. The post Truckload supply and demand on collision course in 2024 appeared first on FreightWaves.
The government downgrades its assessment of Japan's economy for the first time in 10 months, saying it is recovering moderately but "appears to be pausing in part" on weak domestic demand, a worrying sign before new inflation relief steps are rolled out.
Crude oil prices surged above $80 overnight after Fed Chair Jerome Powell testified before Congress. The Canadian Dollar followed amid a broadly weaker US Dollar. EIA data is eyed.
Crude oil's rally stumbled after a large US inventory build and a downbeat demand outlook update from OPEC. EIA inventory data is in focus for energy traders.
An expert on the supply chain tells Newsy President Biden's push for a massive infrastructure package could deepen labor and material shortages.