KEY POINTS
- The Cass Freight Index, a broad measure of freight shipments, fell 3.2% year over year in April — even before the announcement of new tariffs on Mexico.
- The April report outlined a “material and growing downside risk to the economic outlook.”
- In notes to clients, Morgan Stanley and Credit bodog online casino Suisse warn of red flags in the transportation market that could signal trouble in the broader economy.
A slowdown in trucking and transportation is causing some on Wall Street to worry about an impending deceleration in the U.S. economy.
The Cass Freight Index, a broad measure of freight shipment activity, fell 3.2% in April from the previous year. That drop was before President Donald bodog poker review Trump’s surprise announcement last week of new tariffs on Mexico, suggesting growth was “slowing before the trade tensions re-escalated,” Morgan Stanley strategist Mike Wilson said in a note to clients Monday.
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