Here's another early warning signal of possible recession: Fewer goods are being shipped across the country.
Truck, rail and air freight volumes fell 5.3% in June from the same period a year ago, the seventh straight annual decline, according to the closely watched Cass Freight Index. That followed a 6% drop in May.
The persistent drops could portend trouble for the economy because shipments reflect demand for a wide range of consumer and industrial goods. . . . more