June 26, 2013 - Industry News
The U.S. economy grew less in the first quarter of the year than previously estimated, thanks to lower consumer spending numbers and fewer exports, but the final GDP number is still an improvement over the previous quarter.
Tags: Economy, GDP, Consumer Spending, Exports
June 19, 2013 - Industry News
Considering the implosion that occurred in the wake of the go-go years before 2007, the current condition of slow economic growth has a certain appeal, according to the author of a new State of Logistics Report.
Tags: Economy, Logistics, 3PL
June 14, 2013 - Industry News
While not all the recent numbers that measure the health of the U.S. economy are glowing, they are not as bad, and in some cases much better, than analysts were expecting during this second quarter.
Tags: Economy, Consumer Confidence, Retail Sales, Industrial Production
June 11, 2013 - Industry News
To sum up the general economic outlook for the upcoming months in one sentence: More of the same for 2013 and then better in 2014. That is how FTR Associates Senior Consultant Bill Witte predicted the overall economy will be in the near future at the recent State of Freight Summit held by FTR.
Tags: Economy, Driver Shortage, FTR, State of Freight
June 7, 2013 - Industry News
Despite a drop in trucking jobs in May, employment in the for-hire trucking segment is up greatly from earlier levels, with about 40,000 jobs being added in the past 12 months and around 152,000 added from three years ago.
June 4, 2013 - Industry News
If traffic congestion is a good indicator of the health of the economy, then some economists’ recent concerns about hitting a so-called “soft patch” during the current quarter may be unfounded.
Tags: Economy, Traffic Congestion
June 3, 2013 - Industry News
Total spending in the United State on construction remains volatile. while manufacturing has declined. A new report from the U.S. Commerce Department show construction spending in April increased 0.4% from the month before. In March activity fell 0.8%, after rising in February and declining 4% in January.
Tags: Economy, Construction, Manufacturing
May 31, 2013 - Industry News
Consumers pulled back on their spending in April -- dropping 0.2% from a downwardly revised 0.1% increase in March -- but still have good confidence in the American economy, according to separate reports.
Tags: Economy, Consumer Confidence, Consumer Spending
May 29, 2013 - Industry News
A new report issued by the American Trucking Associations shows trucking continues to be the dominant mode of freight transportation in the United States as even more goods were delivered by truck.
Tags: Economy, ATA, Freight
A new U.S. Transportation Department report shows the value of goods moving between the U.S. and its NAFTA partners by all modes of transportation decreased by 4% in March compared to a year ago, but rose 63.7% compared to March 2009.
Tags: U.S. Department of Transportation, Freight, NAFTA, Canada, Mexico, Economy
May 28, 2013 - Industry News
Despite federal budget cutbacks and people getting hit with Social Security taxes returning to normal, consumers feel better about the American economy than they have in five years.
Tags: Economy, Consumer Confidence
May 24, 2013 - Industry News
A first look one economic indicator shows improvement in one area of durable goods while conditions lag in another – but some analysts say this part of U.S. economy continues to improve.
Tags: Economy, Durable Goods, Home Sales
May 17, 2013 - Industry News
A barometer of future U.S. economic activity rose in April following a drop in March, signaling growth could speed up later in the year. The Index of Leading Economic Indicators from the private research group The Conference Board, shows a 0.6% gain in April to 95, following a downwardly revised 0.2% drop in March.
Tags: Economy, Consumer Confidence, The Conference Board
May 15, 2013 - Industry News
Industrial production in the United States tumbled in April, the biggest drop in eight months. The Federal Reserve says the total output at the nation’s factories, mines and utilities fell 0.5% following a downwardly revised 0.3% gain in March.
Tags: Economy, Industrial Production, Wholesale Prices
May 13, 2013 - Industry News
Retail sales in the United State edged slightly higher in April after falling the month before, but analysts say the gains are broad-based.
Tags: Economy, Retail Sales
May 3, 2013 - Industry News
Job creation overall in the United States as well as in trucking both posted solid gains in April according to a new report, leading to a surge on Wall Street as well as an increase in the price of oil.
Tags: Economy, Unemployment
April 24, 2013 - Industry News
The government’s first look at shipments and new orders for manufactured durable goods in the U.S. during March shows mixed performance.T he U.S. Commerce Department reports shipments increased in March from the month before by 0.4% to $230 billion. This is the highest level on record, going back to 1992.
Tags: Economy, Durable Goods
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index gained 0.9% in March after decreasing 0.7% in February. Tonnage has now increased in four of the last five months.
Tags: ATA, Truck Tonnage Index, Economy
April 23, 2013 - Industry News
Sales of new homes in the United States continue getting better, while sales of existing ones have dipped just slightly.
Tags: Economy, Housing
April 18, 2013 - Industry News
The latest read on where the U.S. economy is heading suggests activity will slow a bit in the coming months.
Tags: Economy, The Conference Board
April 16, 2013 - Industry News
The latest numbers about the health of the U.S. economy are more upbeat than those that came out last week. Industrial production rose in March by 0.4% from the month before due to utilities using more energy and a surge in auto production and new homes starts in the country have hit an annual level not seen in nearly four years.
Tags: Economy, Industrial Production, Home Starts, Consumer Prices
April 12, 2013 - Industry News
Retail sales and consumer confidence have taken a downturn, but the reasons for it aren’t clear, while producer prices fell and business inventories have barely moved higher.
Tags: Economy, GDP, Retail Sales, Consumer Confidence
April 5, 2013 - Industry News
Job growth in the United State stumbled in March, according to a report released Friday morning. Employers added a total of only 88,000 jobs, according to the U.S. Labor Department, about half the number many analysts were expecting.
April 2, 2013 - Industry News
A new full report from the U.S. Commerce Department shows factory goods shipments and orders are continuing a nearly non-interrupted streak of increases, which combined with other evidence bodes well for the near future of trucking.
Tags: Economy, Durable Goods, Manufacturing, Construction
March 19, 2013 - Industry News
The American Trucking Associations' Truck Tonnage Index rose 0.6% in February, marking the fourth straigth month of increases -- which hasn't happened since late 2011.
Tags: Economy, ATA, Truck Tonnage Index
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