United States Freight Transport Report Q3 2014

United States Freight Transport Report Q3 2014

Includes 3 FREE quarterly updatesBMI maintains its positive outlook for the US freight transport sector. Despite a fairly weak start to the year across a range of macroeconomic indicators, we maintain our forecast for US real GDP growth to accelerate to 2.8% in 2014 from 1.9% in 2013. Our view for gradual strengthening in the US economy through end 2014 continues to play out, driven by a tightening labour market and sustained growth in the cyclical components of the economy, notably the residential housing sector and business investment in equipment. On the back of this BMI maintains its cautiously positive outlook on the US freight sector. In 2014, we anticipate that stronger economic activity in developed markets, particularly in Europe and Canada, will increase demand for US goods and service exports, which we forecast will post real growth of 3.6% this year after 2.5% in 2013.
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