New Truck Orders Defy Troubled Freight Market

In the past week, several Twitter users have pointed to government data on retail sales of heavy-d The context of their posts is that because of robust truck orders, the freight market must also be robust. And since the freight market is robust, they believe, it means that the U.S. economy is also robust. They have good reason for believing this. After all, new truck orders are at very high levels and, in a normal cycle, there is a correlation between robust truck orders and freight demand.  However, FreightWaves readers likely know better. The…