A wide gap in data has unfolded between commercial, non-building, and residential construction thus far in 2024. Residential construction and the housing market has cooled, with mortgage rates topping 8% and a drop in home sales and the number of houses on the market. In stark contrast to this, commercial, nonresidential and nonbuilding construction has stayed hot. Nonbuilding starts are up 20% for the period YTD August 2023, compared to the same period in 2022. Nonresidential starts were up 6% for that same period. In comparison, residential starts were 17% lower over that same period, a significant drop and gap between the three categories of construction. Strong non-residential construction may continue to drive the market for 2024.

LTL Shipments Face Headwinds to End Year
Navigating the world of LTL shipments has become increasingly challenging in recent months, especially following the closure of YRC.This complexity is intensifying as we approach