Trucking News » Truck drivers in California are being laid off due to lack of container volumes.

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KEY POINTS

• Transportation, trucking and railroad stocks, such as JB Hunt, Union Pacific and UPS, have been among the market’s weaker performers in recent trading.
• Truck drivers in California are being laid off due to lack of container volumes.
• Overall ocean bookings for cargo headed to the U.S. are down.
• Movement of freight from warehouses to stores is slowing and this week’s GDP report showed investment in inventory declined in Q1 as fewer firms restocked.

Where the trucking and rail recession is showing up in the logistics data

There is a 'freight recession' already underway in the economy, according to a top trucking company, and the latest cargo, warehouse data support the outlook.

www.cnbc.com