July 26, 2013 - Industry News
While American’s are split on how President Obama is handling the economy, the latest numbers out show things are decidedly on the upswing, with increasing consumer confidence, rising home prices and steady job gains.
Tags: Economy, Consumer Confidence, Durable Goods
July 23, 2013 - Industry News
The amount of freight moved in June moved barely higher after surging in May, but it still managed to hit a record high, according to the American Trucking Associations. But that partly reflects a heavier freight mix.
Tags: ATA, Freight, Economy
July 16, 2013 - Industry News
Industrial production in the United States has posted its largest increase in four months, according to the U.S. Federal Reserve. The overall performance matched a consensus estimate by economists surveyed by Bloomberg News, while the manufacturing number -- key to truck freight -- was better than expected.
Tags: Economy, Manufacturing, Consumer Prices, Home Sales, Industrial Production
July 15, 2013 - Industry News
Retail sales in the United States continue growing, according to new figures released by the U.S. Commerce Department, but not as much as many were hoping.
Tags: Economy, Retail Sales
July 10, 2013 - Industry News
Summer typically marks the doldrums of the import freight season, and this one will likely be no exception, but things are expected to pick up big time in the fall, according to the new Port Trucker forecast from the National Retail Federation.
Tags: Economy, Freight, National Retail Federation, Imports
FTR's Trucking Conditions Index for May at 12.4 is unchanged from the previous month, continuing to reflect a positive environment for trucking -- one that, combined with the new hours of service regulations restricting capacity, should result in some higher rates.
Tags: Economy, FTR Associates, Freight Rates, FTR Trucking Index
The amount of freight carried by the for-hire transportation industry rose 1.2% in May from April, rising after a one-month decline, according to the U.S. Department of Transportation Freight Transportation Services Index.
Tags: Economy, TSI, Housing Starts
July 2, 2013 - Industry News
Shipments and new orders for manufactured goods in the United States both headed higher in May, according to a new U.S. Commerce Department report, easing earlier fears this important sector to trucking and the economy might be in for tougher times.
Tags: Economy, Durable Goods, Manufacturing
July 1, 2013 - Industry News
Overall construction spending in the United States during May rebounded sharply from the month before, thanks in part to an uptick in spending on public construction projects, while an other report shows manufacturing returned to expansion mode in June.
Tags: Economy, Construction, Housing, Manufacturing, Consumer Confidence
June 26, 2013 - Industry News
If trucking is the lifeblood of the nation’s economy, then surprisingly, there is no reason for alarm if the arteries carrying those trucks seem a little clogged. Traffic information services provider Inrix reports traffic congestion rose nationally more than 9% in May, signaling the continued strengthening of the national economy.
Tags: Economy, Traffic Congestion, Inrix
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.
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