Jeffrey Schulze, CFA, Director & Investment Strategist with ClearBridge Investments writes that the "ClearBridge Recession Risk Dashboard had no changes in April, maintaining our view that the likelihood of a recession in the next 12 months remains low. Several newer indicators [were added] to the dashboard provide a broader view of the economy, including truck shipments, which is currently demonstrating healthy growth. ... Truck shipment growth has been increasing on a year-over-year (YOY) basis, with YOY improvement of 5% or more in each of the last seven months. This pickup in freight activity is consistent with an expanding economy" (Recession Indicators Update: Keep on Trucking dated 05/01/2018)
Full article can be found here:
https://www.clearbridge.com/news/blogs/2018/recession-indicators-update-trucking.html