Fleet Management

Economy

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August 29, 2014 - Industry News

Economic Watch: Consumer Spending Posts First Decline Since January

Consumers unexpectedly backed off on personal spending in July by just a bit, while income moved slightly higher, according to a new U.S. Commerce Department report, raising concerns that wages are not keeping up with household needs.

Tags: Economy, Consumer Spending, Personal Income

August 28, 2014 - Industry News

Trucking Adds to 10.2% Gain in U.S.-NAFTA Freight Movements

Percent change in value of U.S.-NAFTA freight flows by mode:  June 2013 - June 2014. Credit: U.S. DOT

U.S.-NAFTA freight totaled $103 billion in June as all five major transportation modes carried more cargo by value than during June 2013, according to new U.S. Transportation Department figures.

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

August 28, 2014 - Industry News

Economic Watch: GDP Growth Revised Upward, Auto Sales Shrink

UPDATED -- The U.S. gross domestic product increased at an annual rate of 4.2% in the second quarter of the year, according to a second estimate released Thursday by the U.S. Commerce Department -- its best pace since the third quarter of last year.

Tags: Economy, GDP, Auto Sales

August 26, 2014 - Industry News

Economic Watch: Durables Surge, Consumer Confidence Best Since 2007

Aircraft bumped up orders and shipments of durable goods.

UPDATED -- Shipments and new orders for manufactured durable goods continue moving higher, with both hitting record levels -- but the numbers may not be as bright as they seem.

Tags: Economy, Durable Goods, Consumer Confidence

August 25, 2014 - Industry News

Economic Watch: New Home Sales Fall During July

Photo: Evan Lockridge

New home sales in the U.S. declined in July, according to the Commerce Department, falling for the second month in a row and hitting a four-month low.

Tags: Economy, Home Sales

August 22, 2014 - Industry News

Economic Watch: Construction Starts Index Hits Highest Level of the Year

New construction starts in July climbed 6% to a seasonally adjusted annual rate of $588.8 billion, according to industry date provider McGraw Hill Construction.

Tags: Economy, Construction

August 21, 2014 - Industry News

Truckload Linehaul, Intermodal Rates Continue Heading Higher

Linehaul rates for truckload shipping continue to rise, according to the latest Cass Linehaul Rate Index. On average, North American shippers paid 7.2% more in July of this year than last in their truckload linehaul rates.

Tags: Economy, Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates

August 21, 2014 - Industry News

Economic Watch: Indicators, Existing Home Sales, Manufacturing Jump

The latest measure on the condition of the U.S. economy and where it's heading shows improvement again, according to the private research group The Conference Board.

Tags: Economy, The Conference Board, Home Sales, Leading Economic Indicators

August 19, 2014 - Industry News

Truck Tonnage Increases 1.3% in July, Near Record High

Graphic: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 1.3% in July, following a decrease of 0.8% the previous month, according to newly released figures.

Tags: Economy, ATA, American Trucking Associations, Truck Tonnage

August 19, 2014 - Industry News

Economic Watch: Inflation Lowest in Five Months, Housing Best Since January

UPDATED -- Consumer prices increased as the slowest pace in five months during July, increasing just 0.1% from the month before, according to the U.S. Commerce Department.

Tags: Economy, Home Starts, Consumer Prices

August 18, 2014 - Industry News

Economic Watch: Homebuilder Confidence Up Amid Bearish Expectations

Builder confidence in the market for newly built, single-family homes rose two points to 55, according to the National Association of Home Builders/Wells Fargo Housing Market Index for August, released Monday.

Tags: Economy, Home Building

August 15, 2014 - Industry News

Economic Watch: Industrial Production Surges, Inflation Tame

Industrial production in the U.S. increased 0.4% in July for its sixth consecutive monthly gain, according to new Federal Reserve numbers, due in large part to a big increase in activity within the auto sector.

Tags: Economy, Industrial Production, Consumer Sentiment, Producer Prices

August 13, 2014 - Industry News

DOT Freight Index Near All-Time High Despite Slight Drop

Five Years: Freight Transportation Services Index, June 2009 - June 2014. Graphic: U.S. DOT

The U.S. Transportation Department’s Freight Transportation Services Index declined 0.9% in June from May, falling after four consecutive monthly increases, according to numbers released Wednesday.

Tags: Economy, Freight Index, Freight

August 13, 2014 - Industry News

Cass Freight Index Posts Usual Summer Decline

The freight logistics sector slowed in July, following a seasonal trend, with both freight shipments and freight payments down 3.9% from the previous month, according to the latest Cass Freight Index.

Tags: Economy, Freight, Freight Rates, Cass Freight Index

August 11, 2014 - Industry News

Trucking Conditions Index Moves Higher

FTR’s Trucking Conditions Index, Jan. 2013-May 2014.

FTR’s Trucking Conditions Index showed some positive movement in June after moderating slightly during the prior two months.

Tags: Economy, GDP, FTR Trucking Index

August 8, 2014 - Industry News

July Truckload Freight Volume, Rates Up from a Year Earlier

Truckload spot market, five-year trend.

Truckload freight availability remained elevated in July compared to previous years despite a seasonal dip, according to the DAT North American Freight Index released Friday.

Tags: Economy, Spot Freight, DAT Transcore, Freight Rates

August 7, 2014 - Industry News

Economic Watch: Jobless Benefit Claims Sink to 2006 Low

First time jobless claims over the last month in the U.S. fell to its lowest level since February 2006, well before the Great Recession.

Tags: Economy, Unemployment

August 5, 2014 - Industry News

Economic Watch: Factory Shipments, Orders Post Solid Gains

UPDATED -- Shipments increased 0.5% from the month before following a May drop of 1%, hitting its highest level on record.

Tags: Economy, Factory Orders, Non-Manufacturing, Factory Shipments

August 4, 2014 - Industry News

Intermodal Shipments Post Solid Second Quarter Gains

Credit: IANA

International containers increased 9.6%, trailers improved by 4.3%, and domestic containers grew 7.6% quarter-over-quarter, all indications that the intermodal industry is recovering from a harsh winter and a contracted economy.

Tags: Economy, Intermodal, Freight

August 1, 2014 - Industry News

Economic Watch: Trucking Adds to U.S. Job Growth, Manufacturing Surges

The number of jobs created in the U.S. posted its sixth straight month of being above the 200,000 mark in July but the number was softer than the previous month’s level.

Tags: Economy, Unemployment, Manufacturing, Employment

July 30, 2014 - Industry News

Economic Watch: GDP Surges, July Employment Gains

The U.S. economy surged in the second quarter of the year, bouncing back from its worst performance in five years, according to new U.S. Commerce Department figures.

Tags: Economy, GDP, Unemployment, Employment

July 29, 2014 - Industry News

Economic Watch: Consumer Confidence Best in Nearly Seven Years

U.S. consumer confidence increased in July -- the third month in a row, according to a new survey from the private research group The Conference Board.

Tags: Economy, Consumer Confidence

July 25, 2014 - Industry News

Truck Movements Into U.S. Increase for Fourth Straight Year

The number of commercial truck crossings into the United States from Canada and Mexico was 10.8 million in 2013, 1.1% more than in 2012, according to new U.S. Department of Transportation figures.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, U.S. DOT

July 25, 2014 - Industry News

Cross-Border Trade Up in May

The value of trade between the United States and its North American trading partners rose in May compared to a year ago, reports the Department of Transportation, led by petroleum products going by pipeline between the U.S. .and Canada, and electrical machinery going by truck between the U.S. and Mexico.

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

July 25, 2014 - Industry News

Economic Watch: Durable Goods Higher, Construction Advances

UPDATED -- Shipments and new orders for durable manufactured goods both increased in June following declines the month before, while total U.S. construction in June hit its highest level so far this year.

Tags: Economy, Durable Goods, Construction

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