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February 7, 2014 - Industry News

Economic Watch: Unemployment Falls, Retail Sales to Head Higher

UPDATED -- Unemployment in the U.S. continues moving lower, but job growth is also weakening, according to new U.S. Labor Department figures.

Tags: Economy, Unemployment, Retail Sales

January 29, 2014 - Industry News

Economic Watch: Trucks Moving More NAFTA Trade

Percent Change in Value of U.S.-NAFTA Freight Flows by Mode, November 2013 Compared to November 2012. Credit: U.S. DOT

Three of the five transportation modes - truck, rail and pipeline - carried more U.S.-NAFTA trade in November 2013 than they did a year earlier, according to new figures from the U.S. Transportation Department.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade, Freight

January 22, 2014 - Industry News

Freight Indicators Hit or Near Record Highs

Two measures about the health of the U.S. trucking industry turned in either their best or near-record numbers for December.

Tags: ATA, American Trucking Associations, Freight, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Truck Tonnage Index, Economy

January 16, 2014 - Industry News

Economic Watch: Inflation Tame, Overall Conditions Improving

Despite the biggest jump in consumer prices in six months and the first hike in wholesale prices in three months, inflation remains tame, according two new reports.

Tags: Economy, Freight, Consumer Prices, Wholesale Prices, Federal Reserve

January 14, 2014 - Industry News

Economic Watch: Retail Sales Edge Higher in December

Photo: Evan Lockridge

American consumers opened up their wallets a little bit more in December, according to new figures from the U.S. Commerce Department.

Tags: Economy, Retail Sales

January 10, 2014 - Industry News

Economic Watch: Light Vehicle Sales Forecast to Increase for Fifth Straight Year

Anyone associated with getting to market new light vehicles, (cars, light trucks and SUVs), not to mention sales and manufacturing of them, has reason to be hopeful about business prospects in the New Year.

Tags: Economy, Freight, Auto Sales, Auto Haulers

January 10, 2014 - Industry News

Economic Watch: Unemployment Down but Job Growth Weak

While new figures show the nation’s unemployment rate has fallen to its lowest level since October 2008, job growth in December was the slowest in nearly three years.

Tags: Economy, Unemployment

January 9, 2014 - Industry News

DOT Freight Index Rises to Best Level on Record

Five Years: Freight Transportation Services Index, November 2008-November 2013. Credit: U.S. DOT

The amount of freight carried by the nation’s for-hire transportation industry rose 1.2% in November from October, rebounding from a one-month decline to reach its highest all-time level, according to a new U.S. Department of Transportation report.

Tags: Economy, U.S. DOT, Freight, Freight Index

January 9, 2014 - Industry News

Economic Watch: 2013 Job Cuts Lowest Since 1997

2013 planned jobs cuts versus those in 2012. Graphic: Challenger, Gray & Christmas

Announced job cuts fell to the lowest level of the year in December as U.S.-based employers reported plans to reduce payrolls by 30,623 during the month, representing a 32% decline from a November total of 45,314, according to a new report by the global outplacement consultancy Challenger, Gray & Christmas.

Tags: Economy, Unemployment

January 8, 2014 - Industry News

Freight Shipments Fall in December, 2014 Projected to be Better Than Last Year

North American freight activity followed virtually the same path in 2013 as it did in the previous two years, concluding with the typical December falloff, according to new issue of the Cass Freight Index Report.

Tags: Economy, Freight, Cass Freight Index

January 7, 2014 - Industry News

Economic Watch: NAFTA Surface Trade Hits Record High

Percent change in value of U.S.-NAFTA freight flows by mode: October 2013 compared to October 2012.

U.S. trade with its North American Free Trade Agreement partners, Canada and Mexico, amounted to $103.1 billion in October, up 4.5% from the same time a year earlier and exceeded $100 billion for the first month on record, according to new U.S. Department of Transportation figures.

Tags: Cross-Border Trucking, Mexico, Surface Trade, Freight, Canada, Economy

January 6, 2014 - Industry News

Economic Watch: Factory Shipments and Orders Hit Record High

Shipments and new orders for manufactured goods in the United States both hit their highest levels on record in November, according to a new U.S. Commerce Department report released on Monday.

Tags: Economy, Freight, Manufacturing, Factory Orders

January 3, 2014 - Industry News

Economic Watch: 2013 Auto Sales Best Since 2007

Sales of new autos in the United States last year should post their performance since 2007, despite a slight dip in December, according to published reports.

Tags: Economy, Auto Sales, Auto Haulers

January 2, 2014 - Industry News

Economic Watch: Manufacturing Continues Expansion, Construction and Consumer Confidence Jump

Economic activity in the nation’s manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, according to a new report from the nation’s purchasing managers.

Tags: Economy, Manufacturing, Construction Spending, Consumer Confidence

December 31, 2013 - Industry News

Economic Watch: Year Ending With Positive Economic News

Photo: Evan Lockridge

The final week of 2013 provided some encouraging economic numbers including about holiday sales.

Tags: Economy, Retail Sales, Durable Goods, Home Sales, Consumer Spending

December 20, 2013 - Industry News

Economic Watch: Gross Domestic Product Clocks In at Perky 4.1% Increase

The American economy expanded more in the third quarter of the year than earlier projections, according to the U.S. Commerce Department.

Tags: Economy, GDP

December 19, 2013 - Industry News

Economic Watch: New Home Sales Slide, Fed Eases Back on Economic Stimulus

UPDATED -- Existing home sales in the United States have fallen for the third straight month, according to the National Association of Realtors, but it’s not due to lack of interest from prospective buyers.

Tags: Economy, Home Sales, Federal Reserve

December 18, 2013 - Industry News

Economic Watch: Housing Booming, Inflation Remains Tame

New housing starts in the United States during November surged 22.7% higher than the October rate, hitting its best level in five-years, according to new figures released by the U.S. Commerce Department.

Tags: Economy, Consumer Prices, Housing Starts

December 16, 2013 - Industry News

Economic Watch: Industrial Production Posts Best Gain in a Year

Industrial production in the United States last month grew at its fastest pace in a year with output increasing past a pre-recession peak, according to the U.S. Federal Reserve.

Tags: Economy, Freight, Industrial Production

December 6, 2013 - Industry News

Economic Watch: Unemployment Hits Five-Year Low, Consumer Spending Up

Unemployment moved down in November to its lowest level in five years and with it trucking added the most jobs in several months.

Tags: Economy, Unemployment, Consumer Spending

December 5, 2013 - Industry News

More Than 10.5 Million Truck Crossings Into the U.S. in 2012

Truck crossings from Canada totaled 5.6 million in 2012. Photo by Jim Park

Border crossings into the U.S. from Canada and Mexico in 2012 included 10.7 million truck crossings, along with with personal vehicles entering the U.S. nearly 96 million times (33.1 million from Canada, and 62.7 million from Mexico.) The stats also include 320,000 buses and 37,000 trains.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade, Freight

December 5, 2013 - Industry News

Economic Watch: Third Quarter GDP Grows 3.6%

The broadest measure of health of the nation’s economy shows it expanded at an annual rate of 3.6% in the third quarter of the year, more than originally reported, according to the U.S. Commerce Department on Thursday.

Tags: Economy, ATA, GDP

December 4, 2013 - Industry News

Economic Watch: New Home Sales and Employment Jump

Photo: Evan Lockridge

Sales of new homes on the United States skyrocketed in October, recording the biggest monthly increase in more than 30 years, according to a new U.S. Commerce Department report.

Tags: Economy, Home Sales, Employment

December 3, 2013 - Industry News

Economic Watch: November Auto Sales Best Since 2007, Expectations Bright for 2014

Sales of new automobiles, light-trucks and SUV’s in the U.S. picked up their pace dramatically last month, hitting an annual rate of 16.4 million, far above the 15.3 million yearly rate in October and the best since early 2007.

Tags: Economy, Auto Sales

December 2, 2013 - Industry News

Economic Watch: Newest Measures Generally Positive

UPDATED -- Total construction spending in the United States hit a four and half year high in October, according to U.S. Commerce Department report released on Monday.

Tags: Economy, Durable Goods, Leading Economic Indicators, Construction Spending, Manufacturing

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