We game out best, base, and worst cases for the U.S. macroeconomy, financial markets, and freight markets.

Intermodal spot rates are starting to fall in response to persistently weak volumes.

Intermodal spot rates are starting to fall in response to persistently weak volumes.

Rates into L.A. are more expensive; rates out are lower. That's bearish for West Coast freight markets.

We reflect on the causes of private equity's spotty record in asset-based trucking.

Philadelphia and Savannah volumes should peak in March as South American imports dry up and Mexican harvests begin.

Intermodal volumes are weak and IMCs are having no trouble covering contracted freight.

Volumes stay in negative territory on a year-over-year basis, providing little support for spot rates.

Railroads performed the best, while LTL earnings cratered.

Volumes deteriorated and capacity stayed loose.