Unprecedented 59% Plunge In November Heavy Truck Orders
The rout beneath the relative calm of the market surface continues today as another sector has gotten crushed today in reaction to the domestic and global collapse in trade, the spreading domestic manufacturing recession and the bursting of the commodity bubble: truckers, and especially the heaviest, Class 8 trucks, those with a gross weight over 33K pounds, those which make up the backbone of U.S. trade infrastructure and logistics.
Visually, here is how the biggest collapse since the great recession looked like:
forward!
There Go The Truckers: Unprecedented 59% Plunge In November Heavy Truck Orders | Zero Hedge
and in other excellent news:
It's Probably Nothing
Looks like they picked a good month to quit being government: CN carloads decline 'meaningfully' in November
The rout beneath the relative calm of the market surface continues today as another sector has gotten crushed today in reaction to the domestic and global collapse in trade, the spreading domestic manufacturing recession and the bursting of the commodity bubble: truckers, and especially the heaviest, Class 8 trucks, those with a gross weight over 33K pounds, those which make up the backbone of U.S. trade infrastructure and logistics.
Visually, here is how the biggest collapse since the great recession looked like:
forward!
There Go The Truckers: Unprecedented 59% Plunge In November Heavy Truck Orders | Zero Hedge
and in other excellent news:
It's Probably Nothing
Looks like they picked a good month to quit being government: CN carloads decline 'meaningfully' in November