Fleet Management

Economy

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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

November 8, 2017 - Industry News

For-Hire Freight Level Continues Hitting New Record Highs

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

A measure of the amount of freight moved by the nation’s for-hire transportation industry reached another all-time monthly high in September, according to newly released figures, rising 0.2% above the previous highest level hit a month earlier.

Tags: Economy, Railroads, Freight, Freight Index

November 3, 2017 - Industry News

Perry, Gross to Leave FTR Transportation Intelligence

Noël Perry (left) and Larry Gross speaking at the FTR Transportation Conference. Photo: Evan Lockridge

FTR Transportation Intelligence has announced the conclusion of its business relationships with Noël Perry, principle of Transportation Economics, and Lawrence Gross, president of Gross Transportation Consulting.

Tags: Economy, People, FTR, Market Analysis

November 3, 2017 - Industry News

Economic Watch: Employment Recovers from Previous Month, Factory Orders Strong

Employers added another 261,000 non-farm jobs to the nation’s payrolls in October, but none were from trucking, according to a Labor Department report. A separate report showed another good month for the nation’s factories.

Tags: Economy, Unemployment, Factory Orders, Employment, Factory Shipments

November 1, 2017 - Industry News

Economic Watch: Manufacturing Keeps Expanding but Construction Uneven

The nation’s manufacturing sector continued growing over an array of industries last month, though there is a bit of disagreement as to how fast it is expanding, following the release of two reports.

Tags: Economy, GDP, Manufacturing, Construction Spending, Gross Domestic Product

October 31, 2017 - Industry News

Truckload Linehaul, Intermodal Pricing Jump at Least 4%

Separate measures of truckload linehaul and intermodal rates moved higher in September, according to newly released reports, as the U.S. battered hurricanes and higher fuel prices.

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

October 25, 2017 - Industry News

Trucking Groups Urge NAFTA Negotiators to Support Trade

Although much of the discussion has revolved around Mexico, a great deal of goods travel by truck between the U.S. and Canada, as well. Photo: Jim Park

ORLANDO – Three of North America’s largest trucking associations – American Trucking Associations, the Canadian Trucking Alliance, and Mexico’s CANACAR – have come to the defense of the North American Free Trade Agreement, which they see as a business driver.

Tags: Canada, Economy, Mexico, NAFTA, ATA MC&E

October 25, 2017 - Industry News

U.S.-NAFTA Freight Rises for 10th Straight Month

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

The value of freight moved between the U.S. and its North American Free Trade Agreement Partners totaled $97.4 billion during August as all five major transportation modes carried more cargo by value, according to the U.S. Transportation Department.

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

October 22, 2017 - Industry News

New Gauge of Freight Shipping and Economy Debuts at ATA

Bob Costello, chief economist for the American Trucking Associations, explains about the new U.S. Bank Freight Payment Index. Photo: Evan Lockridge

ORLANDO - U.S. Bank announced the launch of a new barometer for assessing the nation’s shipping industry on Sunday during the American Trucking Associations’ Management Conference and Exhibition in Florida.

Tags: Economy, ATA MC&E

October 18, 2017 - Industry News

Economic Watch: Hurricanes Hit Housing, Industrial Production

Home building in the U.S. slowed in September, according to a new report, while a separate one showed that the total amount of output from the nation’s factories, mines and utilities moved higher during the month. Results of both reports would have been better had it not been for two hurricanes.

Tags: Economy, Industrial Production, Housing Starts

October 13, 2017 - Industry News

Economic Watch: Consumer Prices Jump; Retail Sales and Consumer Sentiment Skyrocket

Retail prices recorded their biggest hike in eight months in September, according to a new report, while separate ones show the best improvement in retail sales in more than two years amid consumer sentiment hitting its highest level since 2004.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Consumer Sentiment

October 13, 2017 - Industry News

Trucking Drives Another Record-Setting Month in For-Hire Freight Movements

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

The amount of freight moved by U.S. for-hire transportation providers hit an all-time high again in August, according to Transportation Department figures, after breaking the previous record the month before.

Tags: Economy, Freight

October 6, 2017 - Industry News

Economic Watch: Employment Strong Despite Slip, Factory Activity Jumps

The nation’s unemployment rate dipped in September, while overall and trucking employment changed little, as factory orders, including those for core capital goods, rose in August.

Tags: Economy, Unemployment, Factory Orders, Employment

October 4, 2017 - Industry News

Cross-Border Freight Value Increases for Ninth Straight Month

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

Trucking along with the other four major freight modes moved more cargo by value with North American Free Trade Agreement partners Canada and Mexico in July when compared to a year ago, according to new Transportation Department figures.

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

October 2, 2017 - Industry News

Celadon Refinancing Amid SEC investigation

The Celadon Group continues to restructure its assets in an attempt to create more liquidity, while it is being investigated by the Securities and Exchange Commission.

Tags: Economy, SEC, Celadon Group

October 2, 2017 - Industry News

Economic Watch: Manufacturing Surges, Construction Rebounds

Manufacturing activity in the U.S. turned higher in September, hitting its highest level in 13 years, according to newly released survey results of supply executives. A separate report showed construction spending rebounded after two straight monthly drops.

Tags: Economy, GDP, Manufacturing, Construction Spending, Gross Domestic Product

September 22, 2017 - Industry News

Economic Watch: September Manufacturing, Leading Indicators Improve

A first-look at how the manufacturing economy is performing this month shows conditions have improved to a two-month high, while a separate report indicates the overall economy improved again in August as the outlook calls for continued growth through the second half of the year.

Tags: Economy, GDP, Manufacturing, Leading Economic Indicators, Gross Domestic Product

September 21, 2017 - Industry News

Trucking Ready to Shift Into High Gear, Conditions Index Indicates

Source: FTR

FTR’s Trucking Conditions Index for July remains in a positive range with a reading of 5.75, reflecting tightening capacity, rising spot rates.

Tags: Operating Costs, Economy, Labor Costs, Market Trends, FTR, TCI, Trucking Conditions Index

September 20, 2017 - Industry News

Economic Watch: Existing Home Sales Slow, New Construction Uneven

Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity. And housing starts fell for the second straight month.

Tags: Economy, Home Sales, Housing Starts, Hurricane Harvey, Hurricane Irma

September 15, 2017 - Industry News

Economic Watch: New Figures Showing Storm Damage

Retail sales in the U.S. reversed course in August along with industrial production, both taking a hit due to due to recent storms, as price inflation reared its head, while consumers appeared to be ever resilient.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Consumer Sentiment, Federal Reserve, Producer Prices, Hurricane Harvey, Hurricane Irma

September 13, 2017 - Industry News

Trucking Helps Push For-Hire Freight Movements to New High

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

The level of for-hire freight shipments in the U.S during July hit another record high, according to new Transportation Department figures, eclipsing two previous records set just earlier this year.

Tags: Economy, Railroads, Freight Index

September 13, 2017 - Industry News

FTR Conference: Expect 'Sauntering' Economy to Continue

"Sometimes growing stronger is also the next thing that leads to the next recession," said Dr. Larry Davidson, professor emeritus of business economics and public policy at Indiana University’s Kelley School of Business. Photo: Evan Lockridge

"Sometimes growing stronger is also the next thing that leads to the next recession." Dr. Larry Davidson, professor emeritus of business economics and public policy at Indiana University’s Kelley School of Business, talked about "secular stagnation" at the FTR Transportation Conference.

Tags: Economy, FTR, GDP

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