Industry Indicators: April 17th– 24th

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What’s on the docket this week?

Onshore v offshore, Shanghai lockdowns, real earnings, trailer orders, trucker’s market demand, inspection violations, empties on the coasts, truck usage in Shanghai, truck tonnage in March, eCommerce share of total retail sales, importing Russian crude oil, U.S. recessions ranked.  

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Onshore v offshore

Source:  The Daily Shot

U.S. firms that rely on domestic supply chains or have a significant domestic manufacturing footprint continue to outperform. In other words, investors are punishing companies that are offshore.

Covid-19 lockdowns in Shanghai, creating massive disruptions.   

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Real Earnings:  Inflation taking a toll

Source:  Mauldin Economics

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Trailer orders rose in March

Source:  TruckingInfo

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The ratio of truck cargo to trucks available stays elevated

Source:  SupplyChainBrain

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Inspection violations

Source:  Fleet Maintenance

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The pileup of empties on the coasts means reduces prices – for now 

Source: AJOT

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Truck usage in Shanghai – way down due to Covid lockdowns

Source:  AJOT

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Truck tonnage jumped 2.4% in March 

Source: TruckingInfo

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eCommerce share of total U.S. retail sales has been falling

source: SCDigest

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Will European countries inflict pain on their own economies by barring Russian oil imports?  This does not appear to be the case.  The rise of the ‘unknown’ category reflects workarounds.

Source:  Wall Street Journal

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That’s all for this week.  Thanks for reading.  

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