September 17, 2015 - Industry News
Following a highly anticipated two-day meeting, the U.S. Federal Reserve’s Open Market Committee announced it is keeping interest rates unchanged, despite earlier indications it was moving toward a hike.
Tags: Economy, Housing Starts, Federal Reserve
September 16, 2015 - Industry News
As the U.S. Federal Reserve’s Federal Open Market Committee begins a two-day policy meeting to decide whether to raise interest rates, it’s missing one key element.
Tags: Economy, Consumer Prices, Federal Reserve
FedEx Corp.'s profits in its most recent fiscal quarter increased from a year earlier, but the company lowered expectations for the full year.
Tags: FedEx, FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, Economy, LTL
September 15, 2015 - Industry News
Retail sales in the U.S. posted another gain in August, leaving some wondering if it will be enough to push the Federal Reserve to hike interest rates from near zero for the first time in several years.
Tags: Economy, Retail Sales, Industrial Production, Federal Reserve
September 14, 2015 - Industry News
There are a number of positives for the U.S. economy and for trucking going forward, but a number of “headwinds” remain. That according to John Larkin, managing director of the investment firm Stifel, Nicolaus & Company.
Tags: TMW Systems, John Larkin, Economy, Industry Trends
North American freight shipment volume and expenditures dropped for the second month in a row during August as the summer slowdown hit.
Tags: Economy, Cass Freight Index
September 10, 2015 - Industry News
A measure of the amount of freight moved by the nation’s for-hire transportation industry rose 0.6% in July from June, following a single month decline.
Tags: Economy, Freight Index, Freight Transportation Services Index
September 4, 2015 - Industry News
August employment numbers show a 700-job gain for the trucking industry, while unemployment dropped to its lowest level since April 2008.
Tags: Economy, Unemployment, Employment
September 2, 2015 - Industry News
The employment picture in the U.S. continues to improve but the manufacturing sector is fighting to show better signs of life.
Tags: Economy, Manufacturing, Factory Orders, Employment, Factory Shipments
August 27, 2015 - Industry News
The value of freight moved between the U.S. and its North America Free Trade Agreement partners fell in June, according to a new Transportation Department report, totaling $99 billion, as all modes except truck carried less freight.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade
The U.S. economy grew by leaps and bounds in the second quarter of the year compared to the first quarter, according to a new government estimate released Thursday, which should ease investors fears in the wake of a global stock market sell-off.
Tags: Economy, GDP, Gross Domestic Product
August 25, 2015 - Industry News
The underlying fundamentals of the U.S. economy are better than, or at least nowhere near as bad as, the panic that set into Wall Street starting late last week and extended into Monday, according to several newly released reports.
Tags: Economy, Consumer Confidence, Manufacturing, Home Sales, Non-Manufacturing, Leading Economic Indicators
August 19, 2015 - Industry News
Inflationary pressures on the U.S. economy remain low, as evidenced by a report released Wednesday by the Commerce Department showing an increase of just 0.1% in July from the month before.
Tags: Economy, Consumer Prices
August 18, 2015 - Industry News
Truckload shipping rates continue to rise, while intermodal shipping continues to get cheaper, according to two of the latest monthly readings. A wider report on freight transportation showed a seasonal lull.
Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates, Cass Freight Index
The U.S. housing market continues to improve, with new home starts hitting their highest level in seven years and builder optimism the best in nearly a decade.
Tags: Economy, Home Starts, Home Building
August 14, 2015 - Industry News
The amount of activity at the nation’s factories, mines and utilities turned in its best performance in eight months during July, according to a new Federal Reserve report on Friday.
Tags: Economy, Consumer Confidence, Industrial Production, Wholesale Prices, Consumer Sentiment
August 13, 2015 - Industry News
A measure of the amount of for-hire freight movements in the U.S. posted mixed numbers for June, according to new Transportation Department figures.
Tags: Economy, Freight, Freight Index
U.S. consumers showed a new willingness to spend more money last month, an indication there may be increasing momentum in the economy.
Tags: Economy, Retail Sales
August 10, 2015 - Industry News
Two varied freight transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases while the other moved into the red, but only slightly.
Tags: Economy, XPO Logistics, Echo Global Logistics, Fleet Earnings
August 7, 2015 - Industry News
As for-hire trucking employment hit its highest level in more than eight years, total non-farm employment in the U.S. increased by 215,000 jobs while the unemployment rate remained unchanged.
August 5, 2015 - Industry News
Even as service sector growth surged in July, a lackluster employment report is leading to more speculation on whether the Federal Reserve will raise interest rates at its September meeting.
Tags: Economy, Non-Manufacturing, Employment
August 4, 2015 - Industry News
Roadrunner Transportation Systems Inc. on Tuesday reported increases for both profit and revenue for the second quarter of the year.
Tags: USA Truck, Fleet Earnings, Roadrunner Transportation, Economy
August 3, 2015 - Industry News
The pace of U.S. manufacturing growth, a key indicator affecting trucking, slowed in July from its highest level in five months, according to a survey of the nation’s supply executives.
Tags: Economy, Manufacturing, Consumer Spending, Personal Income
With record second-quarter revenue, ArcBest's net income rose to $20 million, or 74 cents per diluted share, from $17.2 million, or 64 cents per diluted share a year earlier.
Tags: Economy, ABF, ArcBest Corp., Fleet Earnings, LTL
July 30, 2015 - Industry News
The first reading on how well the American economy performed in the second quarter of the year shows it accelerated well ahead of the first quarter pace, according to the U.S. Commerce Department.
Tags: Economy, GDP
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