Fleet Management

Economy

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January 12, 2018 - Industry News

Economic Watch: Annual Retail Sales Best in 3 Years, Inflation Threat Eases

Retail sales ended 2017 on a high note, while price inflation at both the retail and wholesale levels are of so little threat to the economy, some analysts are wondering if they will keep a lid on planned interest rate hikes.

Tags: Economy, Retail Sales, Consumer Prices, Producer Prices

January 11, 2018 - Industry News

New Conference Puts Focus on Freight Technology

FreightWaves is launching its inaugural Transparency18 conference, focusing on freight technology and the economy. The conference is set to take place from May 22-23 in Atlanta, Ga.

Tags: Conference, Economy, Technology, Freight, Industry Events

January 10, 2018 - Industry News

For-Hire Freight Index Hits Another Record High

Freight Transportation Services Index, November 2012 - November 2017. Graphic: U.S. DOT

The amount of freight moved by the U.S. for-hire transportation industry hit a second consecutive all-time high in November, according to new Transportation Department figures.

Tags: Economy, Freight Index

January 9, 2018 - Industry News

Diesel, Gasoline Prices Expected to Jump Less This Year

U.S. crude oil production is projected to hit record highs, but that won't stop diesel prices from rising. Photo: ConocoPhillips

The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.

Tags: Economy, Fuel Prices, Diesel Prices, Gasoline Prices, U.S. Department of Energy, Crude Oil Prices

January 8, 2018 - Industry News

Economic Watch: Retail Imports Show 7% Annual Growth

Imports at the nation’s major retail container ports grew 7% during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to new Global Port Tracker figures released by the National Retail Federation, a retail trade association, and Hackett Associates, an international maritime consulting, research and advisory firm.

Tags: Economy, Imports, Port Trucking

January 5, 2018 - Industry News

Economic Watch: Employment, Factory Activity, and a Possible Drag on GDP

The number of overall job additions in the U.S. slowed in December as the trucking industry shed some positions, while separate reports show a bit of softening in the factory sector, amid a new concern about the overall economic performance in the final part of 2017.

Tags: Economy, GDP, Unemployment, Factory Orders, Employment, Factory Shipments, Gross Domestic Product

January 4, 2018 - Industry News

Trucking Helps U.S.-NAFTA Freight Value Post 12th Straight Monthly Gain

U.S.-NAFTA freight value percent change from previous year, October 2017. Graphic: U.S. DOT

The value of freight moved between the U.S. and its North American Free Trade Agreement partners posted its 12th consecutive year-over-year increase in October, according to newly released Transportation Department figures.

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

January 3, 2018 - Industry News

Economic Watch: Manufacturing Surges, Construction Scores Record High

Two readings of the nation’s manufacturing sector showed solid increases in December with one showing the strongest growth in nearly three years while another report showed construction spending hit a record high.

Tags: Economy, Interest Rates, GDP, Manufacturing, Construction Spending, Federal Reserve, Gross Domestic Product

December 27, 2017 - Industry News

Economic Watch: Consumer Confidence Slips, Overall Expectations Still High

Uncertainty about tax reform was the likely culprit as a measure of consumer confidence retreated this month after hitting a 17-year high. However, expectations are the current quarter will show solid overall economic performance once more numbers start rolling in.

Tags: Economy, GDP, Consumer Confidence, Durable Goods, Home Sales, Gross Domestic Product

December 20, 2017 - Industry News

Economic Watch: Existing Home Sales, New Home Building Surge

Existing-home sales moved higher for the third straight month in November and reached their strongest pace in almost 11 years, while new construction of single family homes surged to a 10-year high, according to two new reports.

Tags: Economy, Home Sales, Housing Starts

December 15, 2017 - Industry News

Economic Watch: Industrial Production, Manufacturing, Retail Sales Post Solid Gains

The amount of output from the nation’s factories, mines, and utilities posted its third straight monthly increase in November, according to newly released figures, while separate reports showed manufacturing increasing even more last month while retail sales are surging.

Tags: Economy, Retail Sales, Industrial Production, Manufacturing

December 13, 2017 - Industry News

Fed Boosts Interest Rates Again, More Hikes Planned

The U.S. Federal Reserve’s Federal Open Market Committee raised interest rates again Wednesday. It's a sign that the Fed believes the economy is in no danger of slowing down, including taking into consideration this week's latest economic reports.

Tags: Economy, Interest Rates, Consumer Prices, Federal Reserve, Producer Prices

December 13, 2017 - Industry News

For-Hire Freight Level Hits Third Record High in Past Four Months

Freight Transportation Services Index, October 2012 - October 2017. Graphic: U.S. DOT

A measure of the amount of freight moved by the nation’s for-hire transportation industry rebounded to another record high in October, according to new Transportation Department figures, following a decline the month before.

Tags: Economy, Freight Index

December 12, 2017 - Industry News

FTR Trucking Conditions Index Spikes in October

The FTR Trucking Conditions Index for October, jumped to a reading of 9.48, way up from the previous month's level of 3.5.

Tags: Economy, Freight, FTR, Trucking Conditions Index

December 8, 2017 - Industry News

Economic Watch: Trucking Helps With Most Recent Job Gains, Consumer Sentiment Cools

The U.S. economy added another 228,000 non-farm jobs in November, aided by job gains in the trucking industry, according to a Labor Department report released Friday.

Tags: Economy, Unemployment, Consumer Sentiment, Employment

December 4, 2017 - Industry News

Economic Watch: Manufacturing Still Hearty Despite Small Declines, Construction Jumps

Manufacturing activity in the U.S. remains strong, despite small declines recorded in three reports, while the construction sector posted its biggest gain in nearly half a year.

Tags: Economy, GDP, Manufacturing, Construction Spending

November 29, 2017 - Industry News

Economic Watch: Growth Revised to Highest Level in 3 Years, Consumers Upbeat

Total U.S. economic activity in this year's third quarter increased more than originally estimated, according to revised numbers issued Wednesday by the Commerce Department.

Tags: Economy, GDP, Consumer Confidence, Gross Domestic Product

November 28, 2017 - Industry News

Economic Watch: Cyber Monday Sets Online Shopping Records

The Monday after Thanksgiving, nicknamed Cyber Monday, was the largest online shopping day in history for U.S. retailers, with $6.59 billion worth of goods sold – a 16.8% increase from the year before.

Tags: Economy, E-commerce

November 27, 2017 - Industry News

Economic Watch: New Home Sales Hit 10-Year High, Manufacturing Eases a Bit

Sales of new homes rose last month while two separate reports show the nation’s manufacturing sector is nearly as strong this month as it was during October.

Tags: Economy, Durable Goods, Manufacturing, Home Sales

November 27, 2017 - Industry News

Cross-Border Freight Value Posts 11th Straight Monthly Increase

U.S.-NAFTA Freight Value Percent Change from Previous Year, September 2017. Graphic: U.S. DOT

The value of freight moved between the U.S. and its North American Free Trade Agreement partners increased for the 11th straight month during September, according to new Transportation Department figures, but it's the smallest gain since April.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, NAFTA, Railroads

November 21, 2017 - Industry News

Economic Watch: Existing Home Sales, Leading Indicators Jump

Existing-home sales increased in October to their strongest pace since earlier this summer, according to a new report, while a separate one showed the overall U.S. economy continued growing at a strong pace last month.

Tags: Economy, Home Sales, Leading Economic Indicators

November 17, 2017 - Industry News

Economic Watch: Housing, Industrial Production, E-Commerce Sales Improve

The U.S. housing market improved in October following some ups and downs earlier in the year, while industrial production jumped in part due to increased manufacturing. And e-commerce retail sales continued booming in the third quarter.

Tags: Economy, Retail Sales, E-commerce, Industrial Production, Housing, Manufacturing, Housing Starts

November 15, 2017 - Industry News

Economic Watch: Retail Sales, Consumer Prices Edge Higher

One of the biggest drivers of the American economy unexpectedly improved again in October, increasing hopes for a strong overall fourth quarter economic performance. A separate report showed just a minimal rise in inflation, but it’s likely strong enough to led the Federal Reserve to push interest rates higher next month.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Federal Reserve, Producer Prices

November 14, 2017 - Industry News

Economic Watch: Estimated 164 Million Hitting Stores Thanksgiving Weekend

The biggest shopping weekend of the year is right around the corner, and two out of every three Americans are planning to shop or considering shopping during Thanksgiving weekend, according to a new report. And that means a lot of freight moving by trucks.

Tags: Economy, Retail Sales

November 13, 2017 - Industry News

Economic Watch: Global Growth Expected to Hit 3% in 2018

Global outlook for gross domestic product growth rates, 2017-2027. Graphic: The Conference Board

After exceeding expectations in 2017, the global economy is projected to continue its current momentum to generate a 3% growth rate through 2018, according to The Conference Board’s latest Global Economic Outlook.

Tags: Economy, Global

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