July PMI Hits 4-Year High, STG Drayage Misclassification Settlement, & Atlas Air Invests | The Morning Minute
In this episode, we kick things off by examining a manufacturing surge that's creating serious momentum across the freight landscape. July's Institute for Supply Management Manufacturing PMI jumped to 55.6, the highest reading since May 2022 and well ahead of analyst expectations. This manufacturing recovery is showing up directly in less-than-truckload volumes, with four publicly traded LTL carriers reporting tonnage up 2.6 percent year over year in the second quarter, and preliminary July results showing even stronger growth at 5.1 percent year over year. Next, we discuss a major driver…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.