Trucking rates gain, but continue to face headwinds

Jul 15, 2019 at 08:39 AM CST
Data on producer prices shows that wholesale inflation pressure remained subdued in June. Industry detail showed a second consecutive gain in trucking rates during the month, though much of this gain was driven by seasonal strengthening The Bureau of Labor Statistics reported that the producer price index (PPI) rose 0.1 percent in June from May’s levels. This exceeded consensus estimates of a 0.1 percent decline and follows a similar 0.1 percent gain the previous month. Overall results during the month were weighed down by a decline in goods prices, as a 3.1 percent drop in energy prices led to the largest monthly decline in the goods sector since January. This was partially offset by a 1.3 percent increase in the prices for trade services, which measure the margins that retailers and wholesalers receive. The core PPI, which excludes food, energy, and trade services, was unchanged in June as year-over-year growth fell to 2.1 percent.

Jul 15, 2019 at 08:39 AM CST

Data on producer prices shows that wholesale inflation pressure remained subdued in June. Industry detail showed a second consecutive gain in trucking rates during the month, though much of this gain was driven by seasonal strengthening The Bureau of Labor Statistics reported that the producer price index (PPI) rose 0.1 percent in June from May’s levels. This exceeded consensus estimates of a 0.1 percent decline and follows a similar 0.1 percent gain the previous month. Overall results during the month were weighed down by a decline in goods prices, as a 3.1 percent drop in energy prices led to the largest monthly decline in the goods sector since January. This was partially offset by a 1.3 percent increase in the prices for trade services, which measure the margins that retailers and wholesalers receive. The core PPI, which excludes food, energy, and trade services, was unchanged in June as year-over-year growth fell to 2.1 percent.