Friday, 25 October 2013

United States Freight Transport Report Q4 2013

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United States Freight Transport Report Q4 2013
Oct 23rd 2013, 00:00

Price: $ 1295  

BMI maintains its cautiously positive outlook on the US freight sector. We have downgraded our US real GDP growth forecast for 2013 to 2.1% from 2.3%, due mainly to base effects from late 2012, and the decision to maintain the 'sequester' cuts to federal spending. Nevertheless, our core view on the US economy is that the recovery is becoming increasingly entrenched, and that by 2014 many of the headwinds to growth will be dissipating. We believe that US export growth will continue to outpace import growth over the next several years, narrowing the goods trade deficit both as a percentage of GDP and in nominal terms. Increased US competitiveness and reviving global demand will support US exports, while continued expansion of domestic energy production will reduce the country's sizeable energy ...

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