Analyst/forecaster for heavy-freight and truck equipment markets. In charge of @FTRintel's Freight-cast which spits out over 13 million datapoints each month.
Bedford, IN
Joined May 2014
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GDP in Q1 went negative so we must be on the verge of collapse. Freight recession here we come... HOLD ON! That number will get all of the press, but the fundamentals for demand still remain generally positive. 1/x
Jonathan Starks retweeted
The most important inflation number currently is core-CPI ex-shelter. This was negative month-to-month for the third consecutive month and is now only up 4.4% YoY.
More evidence that the market has corrected, not crashed. Still, the risks for further deterioration in the economy are quite elevated. Recessions are never a guarantee, so we need to keep a close eye on lots of data over the next 6 months.
Jonathan Starks retweeted
RAIL LABOR: The railroads and BMWED agree to extend the cooling off period from Nov. 19 to Dec. 4. This makes sense as BLET and SMART-TD votes won't be announced until Nov. 21, and BRS had a cooling off period until Dec. 4...no need for confusion and multiple dates. @JOC_Updates
The Q3 GDP report came out this morning, and the topline result was better than expected, +2.6%. Digging deeper, the impact on transportation demand was notably worse. Mostly driven by weakness in imports, construction, and inventories - FTR's Goods Transport Sector was down 3.1%
Jonathan Starks retweeted
Trucks with higher mileage are of course losing value at a greater rate, but not disastrously.
Jonathan Starks retweeted
The threat of a #railroad strike is not over, as membership of a major union votes to reject the tentative agreement reached by leadership last month. The strike threat would return in November. hubs.li/Q01pnJW50 #supplychain
Jonathan Starks retweeted
Items of interest from August’s #Class8 sales data:
1. The auction to retail spread has been back to a historically-typical 30-35% since May, after dropping to zero at the height of the pandemic boom. 1/
Jonathan Starks retweeted
BREAKING NEWS: The two top rail unions have failed to reach an agreement ahead of a potential strike on Sept. 17, causing CSX, BNSF, Kansas City Southern, Norfolk Southern Corporation, and Union Pacific Railroad to reduce service on Monday ahead of any labor action. @JOC_Updates
I'm looking forward to next week when we get to meet in person for our first in-person conference since 2019. So much to talk about!
Countdown to Sep 13, 2022 8:45 am in Indianapolis timeanddate.com/countdown/ge… via @twitterapi
Jonathan Starks retweeted
South Korean chipmakers reported their first fall in factory shipments in almost three years in July, an early sign of weakening demand that serves as a barometer for the global economy bloomberg.com/news/newslette… via @business
Jonathan Starks retweeted
July container statistics posted by the ten largest U.S. ports show that inbound loaded TEU traffic at those ports was down 2.7% from June and down 0.3% from July 2021.
Jonathan Starks retweeted
In July, for the second straight month, more loaded containers (122,928 TEUs) were exported from @portofsavannah than from any other U.S. seaport, including @PortNYNJ, @PortofLA, @portoflongbeach, and @Port_Houston.
Jonathan Starks retweeted
Only two weeks left to register for next month's FTR Transportation Conference, the first in-person since 2019! Visit hubs.la/Q01kXqtm0 to secure your spot today.
Jonathan Starks retweeted
Craig Callahan is the Executive Vice President and Chief Commercial Officer at Werner Enterprises as well as the Truck Freight Keynote Speaker at this year's FTR Transportation Conference. Visit hubs.ly/Q01jK1b30 to secure your seat in-person or remotely!
Jonathan Starks retweeted
Expert in government affairs Prasad Sharma will be giving a presentation on the future of Washington's relationship with transportation during the 2022 FTR Transportation Conference. Visit hubs.la/Q01hHtNP0 to secure your spot today.
Jonathan Starks retweeted
“We wanted to go back inside, where it was safe.”
The first time they set foot outside, three-year-old Louise Lawrence-Israëls and her brother began to cry. They had just spent two and a half years hiding from the Nazis in an attic. Hear her story today at 1 p.m. ET.
Jonathan Starks retweeted
For-Hire Truck Tonnage rose 0.5% in May over April and increased 3.7% from a year earlier. The @TRUCKINGdotORG index is dominated by contract freight, not traditional spot. Seems like the transition back to contract from spot is continued last month.