News

The Services PMI—at 55.2 (a reading of 50 or higher signals growth)—increased 6.0% over December’s 49.2, which was down 6.9% compared to November’s 55.5. Through November, the Services PMI had grown for 30 consecutive months.

The Services PMI—at 55.2 (a reading of 50 or higher signals growth)—increased 6.0% over December’s 49.2, which was down 6.9% compared to November’s 55.5. Through November, the Services PMI had grown for 30 consecutive months.

FTR reported that January preliminary January net orders—at 21,600 units—were down 25% compared to December, while rising 2% annually. ACT reported that January preliminary North American Class 8 orders came in at 18,400 units, well below December’s 30,400 unit preliminary tally and also trailing November, at 30,300 units.

Rail carloads—at 923,696—increased 2.2%, or 19,827 carloads, annually, said AAR. Intermodal containers and trailers—at 1,843,624—fell 3.2%, or 61,616 units—annually, for its lowest January tally since 2013.

Research firm predicts CAGR of 16% through 2027 for the market for software used to control, execute, and manage the operations of automated warehouses.