Wal-Mart Guides Lower - Sales Weaker
10xLogistics
AUGUST 15, 2013
Reporting this morning, Wal-Mart is describing slow sales , and it has guided the street lower for the remainder part of the year. This is not good news but not unexpected for my readers. Until unemployment gets to 6% or lower you can expect to see a slow tough slog on consumer goods and that will deflate the demand for trucks. If you have to continue to look at one economic number which ultimately will drive the demand for transportation, look at unemployment.
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