Demand no longer main driver of inflation

Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR: OTVI.USA, PCE.DG

Truckload demand fell 17% in March and April of this year according to the national Outbound Tender Volume Index (OTVI), which measures the amount of electronic requests by shippers to their carriers for truckload capacity. The personal consumption expenditures index (PCE) for durable goods reported by the Bureau of Economic Analysis continues to show growth in...

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