We do hear how great the economy is doing. All those new jobs posted each month. The unemployment rate has been dropping for 9 years straight. Not just the last two years as some might think. There are many ways to determine the overall health of the economy. One of them is trucking capacity ( which is increasing ) and freight rates ( which are sinking lower ) that tells us manufacturers and suppliers aren't selling and shipping product.

Truckers' fears have soared to recession-level highs
While indicators suggest the overall economy is healthy, truckers like Christopher Powell have seen their pay hit the skids.
Powell's gross earnings have tanked from $6,000 to $7,000 per week to $3,500 to $5,000 — and that's before he has to pay out for repairs, maintenance, and other business expenses. "I don't know how long I can stay in business if things don't pick up," Powell told Business Insider.
Freight rates have dipped year over year for six months straight. Loads on the spot market, in which retailers and manufacturers buy trucking capacity as they need it, rather than through a contract, fell by 50.3% in June year over year.
Freight rates have dipped year over year for six months straight. Loads on the spot market, in which retailers and manufacturers buy trucking capacity as they need it, rather than through a contract, fell by 50.3% in June year over year.
But capacity, meaning the number of trucks available to move loads, was up by 29.9% in June year over year. A particularly profitable year for truckers was 2018, and it encouraged lots of companies to buy more trucks and hire more drivers. Companies ordered so many new trucks last year that, by January, there was still an eight-month-long backlog of new truck orders.
Now that business has shrunk again, companies are dealing with a glut of capacity.
https://www.businessinsider.com/truc...stanley-2019-7