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				Fall off at diesel pumps signals freight softening
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					Posted: 
					
						Nov 10, 2010 11:31 AM
					
					|
					Last Updated: Mar 27, 2012 08:36 AM
				
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				<p>LOS ANGELES -- Alarm bells are ringing for holiday season retailers after the latest <a target="_blank" href="http://www.ceridianindex.com"><span style="color: rgb(0, 0, 255); ">Ceridian-UCLA Pulse of Commerce Index</span></a> showed a third consecutive monthly decline.</p>
<p>The index, which tracks diesel fuel purchases as an economic measure, fell 0.6 percent in October, following similar declines in the previous two months.</p>
<p>Ed Leamer, chief PCI economist and director of the UCLA Anderson Forecast, suggests this may be a prelude to a less than robust holiday retail season.</p>
<p>&quot;The October PCI sounds an alarm about growth in the fourth quarter, and our latest PCI data indicates retailer wariness about future sales prospects,&quot; he said.</p>
<p>Year-over-year, though, the October 2010 PCI is 4.1 percent higher than the same month in 2009, meaning the holiday shipping season is still much better than last year.</p>
<p>However, increases have continued to fall since May'.</p>
<p>&quot;We have had a recovery 'time out,'&quot; suggested Leamer, adding that even though the economy has slowed, a double-dip recession is not in the cards.&nbsp;</p>
			
				
				
			
				
				
			
			
			
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