Fleet Management

Economy

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November 12, 2014 - Industry News

Trucking Conditions Index Heads Higher

FTR’s Trucking Conditions Index. Graphic: FTR

The Trucking Conditions Index from the freight transportation forecasting firm FTR registered 9.07 for September, according to a just released report.

Tags: Economy, Research, FTR, Trucking Conditions Index

November 10, 2014 - Industry News

Cass Freight Index Shows ‘Turmoil’

Graphic: Cass Information Systems

Some freight is having trouble entering the country and moving quickly to final end users while, the “transportation ecosystem is finding itself in turmoil” as freight shipments, particularly imports, climb in anticipation of a stronger holiday shopping season this year.

Tags: Economy, Port of Los Angeles, Port of Long Beach, Freight, Port Trucking, Cass Freight Index

November 10, 2014 - Industry News

Domestic Containers Drive Intermodal Traffic Surge

Graphic: IANA

Total intermodal freight volume rose 5.1% in the third quarter of the year compared to the same time in 2013, while domestic U.S. and international volumes individually reported gains in of 5.5% and 4.7%, respectively.

Tags: Intermodal, Freight, Economy

November 7, 2014 - Industry News

Trucking Adds Jobs As Unemployment Rate Drops

The unemployment rate in the U.S. fell again in October, dropping to its lowest level since July 2008, according to the U.S. Labor Department. In the same period, for-hire trucking added 3,900 jobs.

Tags: Economy, Unemployment, Employment

November 7, 2014 - Industry News

Intermodal Rail Traffic Sets New Records

Photo: Jim Park

According to the Association of American Railroads, it totaled 1,381,749 containers and trailers, up 4.9%, or 64,071 units, over October 2013.

Tags: Economy, Railroads, Intermodal, Freight

November 5, 2014 - Industry News

Economic Watch: Non-Manufacturing Activity Continues Growing

Activity in the U.S. non-manufacturing sector continued growing in October, but not as fast as the month before.

Tags: Economy, Non-Manufacturing

November 5, 2014 - Industry News

Economic Watch: Job Creation Above 200,000 for Seventh Straight Month

The U.S. job market continues improving with a new report showing private sector employment increased by 230,000 jobs from September to October, the biggest gain since June.

Tags: Economy, Employment

November 3, 2014 - Industry News

Economic Watch: Manufacturing Expanding, Construction Down

Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, its highest level since March 2011, according to nation’s supply executives.

Tags: Economy, Manufacturing, Consumer Spending

November 3, 2014 - Industry News

Intermodal Rail Traffic Has Third Busiest Week

Photo: Jim Park

The week ending Oct. 25, rail intermodal traffic was up 6.7% compared with the same week last year -- higher growth than that of rail traffic overall.

Tags: Railroads, Intermodal, Freight, Economy, NAFTA, Global

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

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