Fleet Management

Economy

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October 31, 2014 - Industry News

Economic Watch: Consumer Spending Slips in September

Consumer spending in the U.S. declined in September for the first time in eight months, according to the U.S. Commerce Department.

Tags: Economy, Consumer Spending

October 30, 2014 - Industry News

Economic Watch: GDP Continues Growing, Fed Ending Stimulus Program

One of the broadest measures of the health of the American economy shows it expanded at an annual rate of 3.5% in the third quarter of the year.

Tags: Economy, GDP

October 28, 2014 - Industry News

Economic Watch: Durable Goods Activity Slows, Consumers Upbeat

An advance report shows shipments of durable goods increased just slightly last month while new orders fell for the second straight month.

Tags: Economy, Consumer Confidence, Durable Goods

October 24, 2014 - Industry News

Economic Watch: New Home Sales Highest Since 2008

Photo: Evan Lockridge

UPDATED -- Sales of new homes in the U.S. hit a six-month high last month while the improvement for August was cut dramatically, according to a new U.S. Commerce Department report.

Tags: Economy, Home Sales

October 23, 2014 - Industry News

U.S. NAFTA Freight Above $100 Billion for Sixth Straight Month

Percent change in value of U.S.-NAFTA freight flows by mode, August 2013 compared to August 2014. Graphic: U.S. DOT

U.S. freight movements with Canada and Mexico saw imports increase 3.6% while exports gained 5.2% from a year earlier, according to the U.S. Transportation Department.

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

October 23, 2014 - Industry News

Economic Watch: Leading Indicators, Manufacturing Ease

A measure of where the American economy is headed in the next three to six months shows conditions are improving, but not as fast as they have been, according to the private research group The Conference Board.

Tags: Economy, Manufacturing, Leading Economic Indicators

October 22, 2014 - Industry News

Economic Watch: Consumer Prices Barely Move Higher

Consumer prices in the U.S. remained in check during September, increasing just 0.1%, according to the U.S. Labor Department.

Tags: Economy, Consumer Prices

October 21, 2014 - Industry News

Economic Watch: Existing Home Sales Hit Highest Level in a Year

Photo: Evan Lockridge

The latest housing starts figures show the housing market continues to move in the right direction, finally recapturing 2013 levels after a weak start to the year.

Tags: Economy, Home Sales

October 20, 2014 - Industry News

Cargo Volume at Port of Los Angeles Highest Since 2008

The Port of Los Angeles

The increased volume reflects peak season volumes and larger vessels calling at the facility, according to port officials.

Tags: Economy, Port of Los Angeles, Ports, Port Trucking, Intermodal, California

October 17, 2014 - Industry News

Economic Watch: Home Construction Rises, Consumer Sentiment Hits Seven-Year High

Residential construction in the U.S. has rebounded but remains volatile, hitting an annual rate of just more than 1 million units for only the third time this year in September, according to the U.S. Commerce Department.

Tags: Housing Starts, Economy, Consumer Sentiment, Home Building

October 16, 2014 - Industry News

Economic Watch: Industrial Production Jumps, Jobless Claims Plummet

Photo: Evan Lockridge

Industrial production in the U.S. increased 1% in September, the biggest gain in nearly two years, and advanced at an annual rate of 3.2% in the third quarter of 2014. Manufacturing production was up for the quarter, led by mining, while last week's unemployment claims dropped.

Tags: Economy, Unemployment, Industrial Production, Federal Reserve

October 15, 2014 - Industry News

Economic Watch: Retail Sales Lower, Producer Prices Fall

Retail sales in the U.S. during September stumbled a bit, marking the first month-to-month decline since January, while a separate report shows there is no reason for concern about inflationary pressures.

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

October 14, 2014 - Industry News

Economic Watch: Holiday Sales Expected to Jump Following October Container Surge

After a turbulent start to 2014, the nation’s retailers expect sales in November and December to increase a healthy 4.1% to $616.9 billion, higher than 2013’s actual 3.1% increase during that same time frame.

Tags: Economy, Retail Sales, Imports, Intermodal, Ports

October 8, 2014 - Industry News

Cass Freight Index Mixed In September

The freight logistics sector was relatively flat in September, with a drop in North American shipment volume and a slight increase in total freight expenditures, or payments, according to the latest Cass Freight Index.

Tags: Economy, Cass Freight Index

October 8, 2014 - Industry News

For-Hire Freight Index Hits Record High in August

Five Years: Freight Transportation Services Index, August 2009- August 2014. Credit: U.S. DOT

The U.S. Transportation Department’s Freight Transportation Services Index, which is based on the amount of freight carried by the for-hire transportation industry, rose 0.6% in August from July, rising for the second consecutive month.

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

October 7, 2014 - Industry News

ATA MC&E: Economy Improves, Driver Shortage Continues

ATA Chief Economist Bob Costello, center, was joined by (left to right) John Felmy of the American Petroleum Institute, Jack Kleinhenz of the National Retail Federation and Chad Moutray of the National Association of Manufacturers, to discuss the current status of the economy and its effect on the industry. Photo by Evan Lockridge

SAN DIEGO -- American Trucking Associations Chief Economist Bob Costello discussed the current freight levels, highlighting the fact that the ATA truck tonnage index hit a record high in August, before posing questions to this year's economic panel.

Tags: Economy, Bob Costello, Driver Retention, Driver Recruitment, ATA MC&E

October 6, 2014 - Industry News

Economic Watch: Unemployment Falls; Manufacturing, Construction Slows

Both the trucking industry and the overall economy added jobs in September, pushing the unemployment rate down below 6% for the first time since July 2008 and hitting its lowest level in six years.

Tags: Economy, Unemployment, Manufacturing, Non-Manufacturing, Construction Spending, Employment

September 30, 2014 - Industry News

Economic Watch: Consumer Confidence Falls from Seven-Year High

Photo: Pen Waggner via Wikimedia Commons

The latest reading on the U.S. economy shows consumers have a dimmer view this month, according to one private research group.

Tags: Economy, Consumer Confidence

September 29, 2014 - Industry News

Economic Watch: Personal Spending, Income, Consumer Sentiment Higher

Personal spending in the U.S. increased 0.5% in August from the month before, according to a new Commerce Department report. However, the pace may be slower than it should be to support the continued pace of manufacturing, says one analyst.

Tags: Economy, Consumer Sentiment, Personal Income, Personal Spending

September 26, 2014 - Industry News

Economic Watch: Second Quarter Economic Growth Surges to 4.6% Pace

This revision to the gross domestic product shows the economy rebounded at its fastest pace in two and a half years and compares to a decline in the first quarter at an annual rate of 2.1%.

Tags: Economy, GDP

September 25, 2014 - Industry News

U.S.-NAFTA Freight Movements Gain 8.5% in July, Led by Trucking

Percent change in the value of U.S.-NAFTA freight flows by mode, July 2013 - July 2014. Graphic: U.S. DOT

New U.S. Transportation Department figures show it totaled $101.1 billion, with increases in all five major transportation modes: air, vessel, pipeline, rail, and trucks. This is the fifth consecutive month with U.S.-NAFTA freight flows exceeding $100 billion.

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

September 25, 2014 - Industry News

Economic Watch: Durable Goods Decline, Services Sector Remains Strong

Shipments of manufactured durable goods fell 1.5% from July following a 3.7% increase in July from June. An overall decline of this amount was expected, according to a poll of economists.

Tags: Economy, Durable Goods

September 25, 2014 - Industry News

Truckload Linehaul, Intermodal Rates Post Solid Gains

Truckload linehaul rates for North America maintained their ongoing climb in August, with the Cass Truckload Linehaul Index gaining a solid 7% over August 2013.

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

September 23, 2014 - Industry News

ATA Truck Tonnage Index Hits Record High in August

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.6% in August to a record high, following a gain of 1.5% the previous month.

Tags: Economy, American Trucking Associations, Truck Tonnage Index

September 23, 2014 - Industry News

Economic Watch: Manufacturing Continues Strong Performance

A measure of the strength of the U.S. manufacturing sector was unchanged this month from August, but remains strong at a 52-month high, according to a new report released Tuesday morning by the financial information services provider Markit Economics.

Tags: Economy, Manufacturing

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