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The Third Quarter is starting off with a bang. You can see directly how the economy is doing by counting the trucks on the freeway, and the freeways are clogged with trucks. Just today I saw flatbeds full of empty carboys, flatbeds full of structural steel, flatbeds full of rebar, and many contract shippers. Some of the large cars were brand new, so the shippers plan on keeping their rigs busy.
My projection is that the third quarter numbers will "exceed projections." Bon temps roulez.
I'd like to know where you live. From what I see it is bad. I've been in construction seven years and this is the worst I've ever seen it. Some of the guys that I work with that have been doing it for 20 years say this is the worst it's ever been.
My dad is in the car business. Same thing there too. All of the dealers he knows are saying how their sales are way off.
Not to burst your bubble OP, just giving you my perspective
I work with the public and I visit with them about how things are going. Folks working in retail here in Pensacola say this has been a really tough year. On the other hand, my son in Tulsa works in high end retail (appliances) and he says there it has been odd an year -- less shoppers overall but the people shopping are buying so the bottom line is ok.
I think it is probably regional and so, depending on where you live and work, you may have a different perspective.
My observations were on I-5, which is the main shipping artery on the West Coast. I'm about halfway between Seattle and SF. I can understand why you don't see much activity in an economic backwater like Pennsylvania. I don't know that the rust belt will ever recover.
It seems to me that I5 is 25% undersized for the population supported so compared to elsewhere in the country it always seems clogged with trucks.
The amount of truck shipping varies with the economy. When there are fewer trucks on I-5, the next quarterly report will show a struggling economy. When there are more trucks, the next report will be a happy one. If you wait until official numbers you will always be months behind reality. Instead of waiting for someone to tell you what happened, pay attention to what is happening.
My guess is that any "beat" expectations will largely be due to favorable currency translations from the falling US dollar.
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It seems to me that I5 is 25% undersized for the population supported so compared to elsewhere in the country it always seems clogged with trucks.
Really?
