Fleet Management

Economy

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July 19, 2017 - Industry News

ATA Forecasts Steady Rise in Truck Tonnage Over Next Decade

Image via ATA

The ATA Freight Transportation Forecast is projecting steadily increasing freight tonnage overall and for the trucking industry for the next ten years.

Tags: Economy, ATA, Freight, Tonnage, Economic Forecast

July 19, 2017 - Industry News

Economic Watch: Concerns Remain Despite Housing Rebound

Housing starts in the U.S. bounced back, according to a new Commerce Department report, but concerns remain about the future of the housing market as well as the wider economy.

Tags: Economy, Retail Sales, GDP, Housing Starts, Consumer Sentiment, Gross Domestic Product

July 12, 2017 - Industry News

For-Hire Freight Rebounds, Hits New Record High

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

The level of freight moved by the nation’s for-hire transporters rebounded in May following a two-month decline, according to the U.S. Transportation Department.

Tags: Economy, Freight, Freight Index

July 11, 2017 - Industry News

Forecast Calls for Continued Low Oil, Fuel Prices

Average diesel prices are forecast to rise only a little this year and into 2018. Graphic: U.S. DOE

Lower than earlier forecast crude oil prices are expected to translate into continued low prices at the pumps for both diesel and gasoline, according to a new U.S. Energy Department report.

Tags: Economy, Fuel Prices, Diesel Prices, Gasoline Prices, Crude Oil Prices

July 10, 2017 - Industry News

Economic Watch: Imports Could Hit New Record High Following Big Gains

July and August should be two of the busiest months ever seen for imports at the nation’s major retail container ports, possibly setting a new record as merchants enter the back-to-school season and begin to stock up for the holiday season that will follow, according to a new forecast from the National Retail Federation, a retail trade association.

Tags: Economy, Intermodal, Freight, Ports, Containers, Port Trucking

July 7, 2017 - Industry News

Economic Watch: Employment Growth Remains Strong

The number of job gains showed no signs of easing up in June, as the Labor Department reports strong additions, with hiring better than previously estimated.

Tags: Economy, Unemployment, Employment

July 5, 2017 - Industry News

Economic Watch: No Consensus on Factory Activity; Construction Flat

There are conflicting reports on activity in the nation’s manufacturing sector. One report says it moved into high gear in June, hitting a near three-year high, while a separate one indicated conditions were the weakest since last September.

Tags: Economy, Construction, Manufacturing, Factory Orders, Factory Shipments

June 29, 2017 - Industry News

Economic Watch: Overall Growth Revised Upward

The U.S. economy grew faster in the first quarter of the year than earlier estimates indicated, according to a Commerce Department report released Thursday, but there’s little optimism there the second quarter will show a big surge.

Tags: Economy, GDP, Gross Domestic Product

June 26, 2017 - Industry News

Economic Watch: Slowing Factory Activity Leads to Growing Concerns

A preliminary report released Monday showed a drop in a key benchmark for future business spending, as total orders and shipments of durable goods were mixed, according to the Commerce Department.

Tags: Economy, Durable Goods, Manufacturing

June 23, 2017 - Industry News

Economic Watch: Manufacturing Hits Nine-Month Low, Home Sales Rebound

A first look at the nation’s manufacturing sector this month shows conditions have hit a nine-month low, while home sales have roared back amid near-term expectations the overall economy will continue with a moderate expansion.

Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators

June 23, 2017 - Industry News

Trucking’s Share of Cross-Border Freight Falls

The value of freight moved between the U.S and its North American Free Trade Agreement partners Canada and Mexico moved higher in April for the sixth straight month, but trucking's share fell, according to new U.S. Transportation Department figures.

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

June 19, 2017 - Industry News

Improved Freight Demand Could Increase Equipment Purchases

Source: FTR

FTR’s Trucking Conditions Index showed improving freight demand while ACT Research's For-Hire Trucking Index indicated that fleets were looking to buy new equipment.

Tags: Economy, ACT Research, Freight, FTR, Trucking Conditions Index

June 16, 2017 - Industry News

Economic Watch: Housing, Consumer Confidence Down as Industrial Production Stalls

Political uncertainty could be partially to blame for some less-than-stellar economic reports, with show housing starts dropping, consumer confidence slipping, and industrial production stalled.

Tags: Economy, Industrial Production, Manufacturing, Housing Starts, Consumer Sentiment

June 14, 2017 - Industry News

Economic Watch: Fed Hikes Interest Rates Again; Retail Sales, Inflation Ease

Despite retail sales falling by the biggest amount in 16 months and a dip in consumer prices, the Federal Reserve raised interest rates on Wednesday for the third consecutive quarter as the central bank signaled its confidence in the U.S. economy.

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

June 14, 2017 - Industry News

For-Hire Freight Falls for Second Straight Month

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

A measure of total for-hire freight movements in the U.S. fell for the second straight month in April, according to a report issued Wednesday by Transportation Department.

Tags: Economy, Freight Index

June 7, 2017 - Industry News

New Economic Indicators for Truck Freight Use DAT Truckload Data

Photo: Volvo

Broughton Capital, an independent financial research firm, has unveiled a set of tools for truckload industry market watchers called DAT Freight Barometers.

Tags: Economy, Spot Freight, DAT Solutions, TransFX, Truckload

June 2, 2017 - Industry News

Economic Watch: Unemployment Lowest in 16 Years as Trucking Jobs Dip

U.S. job growth continued in May with unemployment hitting its lowest level in 16 years, likely paving the way for the Federal Reserve to hike interest rates again in a couple of weeks.

Tags: Economy, Interest Rates, Unemployment, Employment, Federal Reserve

June 1, 2017 - Industry News

Economic Watch: Manufacturing Firms, Construction Down as Personal Spending Jumps

Results from two surveys of the nation’s purchasing executives indicate manufacturing activity in the U.S. during May was nearly unchanged from the month before. Meanwhile, separate reports show construction spending eased, but consumer spending increased, resulting in hopes that the current quarter will be stronger for the overall economy than the previous one.

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

May 26, 2017 - Industry News

Economic Growth: GDP Not as Weak as First Estimated; Factory Activity Slows

Growth in the U.S. economy during the first quarter didn’t slow as much as first estimated, according to government numbers released Friday, while separate reports showed weaker factory activity but continued high consumer sentiment.

Tags: Economy, GDP, Manufacturing, Factory Orders, Consumer Sentiment, Factory Shipments, Gross Domestic Product

May 24, 2017 - Industry News

Economic Watch: Existing and New Home Sales Slow

Sales of both existing and new homes fell in April, according to two separate reports, as the nation’s home supply continues tightening.

Tags: Economy, Home Sales

May 23, 2017 - Industry News

ATA April Truck Tonnage Drops for Third Month

Source: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire-Truck Tonnage Index slid 2.5% in April, marking the third straight month of declines.

Tags: Economy, ATA, Freight, Truck Tonnage, Truck Tonnage Index

May 23, 2017 - Industry News

Economic Watch: May Manufacturing Activity Eases, Says Preliminary Report

A surge seen early this year in the nation’s manufacturing sector continued to lose steam this month, hitting an eight-month low.

Tags: Economy, GDP, Manufacturing, Gross Domestic Product

May 23, 2017 - Industry News

Cross Border Freight Value Jumps Nearly 11%

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

The value of freight moved between the U.S. and its next door neighbor countries has spiked as all five major transportation modes carried more cargo in March compared to the year before, according to new Transportation Department figures.

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

May 16, 2017 - Industry News

Economic Watch: Industrial Production, E-Commerce Jump; Home Starts Drop

Industrial production in the U.S. rose in April more than expected and by the fastest rate in more than three years, according to a new report issued Tuesday. Meanwhile, separate reports show e-commerce continues to boom but the building of new homes fell for the second straight month.

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

May 12, 2017 - Industry News

Economic Watch: Retail Sales Bounce Back along with Inflation Pressures

Retail sales in the U.S. bounced back in April after falling the month before as two readings of inflation also rebounded, all raising the prospect that the Federal Reserve will increase interest rates again in June.

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

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