The Amount Of Stuff Being Bought, Sold And Shipped Around The U.S. Hits The Lowest Level In 6 Years

TEC ^ | 6-23-20165 | Michael Snyder

[blam]

Michael Snyder
June 23rd, 2016

When less stuff is being bought, sold and shipped around the country with each passing month, how in the world can the U.S. economy be in “good shape”? Unlike official government statistics which are often based largely on projections, assumptions and numbers seemingly made up out of thin air, the Cass Freight index is based on real transactions conducted by real shipping companies. And what the Cass Freight Index is telling us about the state of the U.S. economy in 2016 lines up perfectly with all of the other statistics that are clearly indicating that we have now shifted into recession mode.

If you are not familiar with the Cass Freight Index, here is a definition of the index from the official Cass website…

Since 1995, the Cass Freight Index™ has been a trusted measure of North American freight volumes and expenditures. Our monthly Cass Freight Index Report provides valuable insight into freight trends as they relate to other economic and supply chain indicators and the overall economy.

Data within the Index includes all domestic freight modes and is derived from $25 billion in freight transactions processed by Cass annually on behalf of its client base of hundreds of large shippers. These companies represent a broad sampling of industries including consumer packaged goods, food, automotive, chemical, OEM, retail and heavy equipment. Annual freight volume per organization ranges from $1 million to over $1 billion. The diversity of shippers and aggregate volume provide a statistically valid representation of North American shipping activity.

When they say “all domestic freight modes”, that includes air, rail, truck, etc. As you are about to see, the total amount of stuff that is being bought, sold and shipped around the country by all these

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[SaraJohnson]

This pleases Obama. According to the globalists, the US consumed too much of everything. Gotta go third world where only the correct people can afford to buy stuff and be in business.

[ChicagahAl]

The Obama Depression is just as bad as, if not worse than, the Roosevelt Depression. It just looks different, due to EBT Cards and other taxpayer-funded, government giveaways.

“A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States,” (Obama Science Czar, John) Holdren wrote along with Paul and Anne H. Ehrlich in the “recommendations” concluding their 1973 book Human Ecology: Problems and Solutions.

And it's not an accident. It's intentional de-development.

[Nuc 1.1]

Very interesting.

[1rudeboy]

LOL. Suzuki pulled out of the USA many moons ago. Tell your daughter to buy a brand that sells.

[cherry]

the govt employees are still working full time with great wages, benefits and pensions......

[blam]

"the govt employees are still working full time with great wages, benefits and pensions......"

Many receive generous bonuses each year.

[Hot Tabasco]

Hoarders and compulsive buyers are finally getting he help they need......