BUILDING INVENTORIES
Tale of Two
This is weird.
Yesterday the Ports chimed in that there was 'no sign of recession ' meaning those ugly containers are rolling in.
Over the weekend this guy said this--
Supply chains: XPO Logistics CEO 'can't say the economy is super strong'
Who's right? Or are the both right!
The trucking and truck brokerage company XPO logistics (
XPO) isn't forecasting a robust freight economy.
"Well, Tonnage is down here in April, last month, low to single— low to mid-single digits," XPO Logistics CEO Brad Jacobs recently told Yahoo Finance (video above). "So it's not up. So we can't say the economy is, like, super strong and roaring real fast, and we're turning down freight left and right."
Truck tonnage is often seen as a broader signal of the general health in the economy. Trucks carry
approximately 70% of domestic freight in the U.S., moving manufacturing, wholesale and retail goods to their next destination. According to the American Trucking Association, 10.23 billion tons of freight (primary shipments only) were transported by trucks in 2020.////
Inventory Builds<----------
can be tricky... 1st you get excited up
then you are stuck with the product and dial back future orders.
<<<< Timing here is everything. We can rally through Q 2 earn >>>>