Eric Starks discusses the current state of the U.S. economy and its influence on rail markets.
This Q&A response from the FTR Experts came from our May webinar "North America's Recovery Runs Through Rail." View the video and the key takeaways below.
Key Takeaways:
- While payroll jobs are struggling to return to pre-pandemic levels, retail and home sales are through the roof due to tax rebates and pandemic relief.
- The retail market's inventory-to-sales ratio is at an historic low due to supply chain issues. The ratio is even lower when automotive is removed, although in that case it also hasn't fallen as far.