Fleet Management

Economy

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May 1, 2017 - Industry News

Economic Watch: Manufacturing Growth Slows Along with Incomes, Construction

Activity in the nation’s manufacturing sector continued to throttle back in April from a near two-year peak earlier in 2017, but it continues to expand. Separate reports show drops in consumer spending and construction, but analysts remain generally optimistic about the entire year.

Tags: Economy, GDP, Manufacturing, Construction Spending, Personal Income, Personal Spending, Gross Domestic Product

April 28, 2017 - Industry News

Economic Watch: GDP Growth Slows, Positive Signs for Trucking Remain

The U.S. economy grew at the weakest rate in three years during the first quarter of 2017, according to an advanced estimate by the Commerce Department, but economists remain optimistic about future performance.

Tags: Economy, GDP, Gross Domestic Product

April 27, 2017 - Industry News

Trucking’s Share of Cross-Border Freight Declines

U.S.-NAFTA freight value percent change from previous year over past 24 months. Graphic: U.S. DOT

Trucking was not a part of the overall increase in the value of freight moved between the U.S. and its North American Free Trade Agreement partners during February, according to new Transportation Department figures.

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

April 27, 2017 - Industry News

Economic Watch: Equipment Spending Solid, New Homes Sales Brisk

New orders for long-lasting durable goods increased less than expected during March, according to a new Commerce Department report, but business investment on equipment appears to be solid following the rut it was in for nearly a couple of years.

Tags: Economy, Durable Goods, Manufacturing, Home Sales

April 21, 2017 - Industry News

Economic Watch: Conditions Not as Bad as Recent Hard Numbers Suggest

There are good indications the U.S. economy will further strengthen following recent reports that conditions slowed a bit in the first quarter of the year and at the beginning of the second quarter.

Tags: Economy, Interest Rates, Freight, GDP, Manufacturing, Home Sales, Leading Economic Indicators, Gross Domestic Product

April 18, 2017 - Industry News

Economic Watch: Weaker Numbers for Manufacturing, Housing

A measure of industrial production in the U.S. moved higher despite an easing in manufacturing, while the housing market also gave up some recent gains, according to reports issued Tuesday.

Tags: Economy, GDP, Industrial Production, Manufacturing, Housing Starts, Gross Domestic Product

April 17, 2017 - Industry News

Earnings Watch: J.B. Hunt First Quarter Profit Inches Higher

The first quarter earnings reporting season for trucking kicked off on Monday morning when multi-modal freight transportation provider J.B. Hunt Transportation Services Inc. released numbers showing slight improvements from the same time a year ago.

Tags: Economy, Intermodal, J.B. Hunt, Fleet Earnings

April 14, 2017 - Industry News

Economic Watch: Retail Sales Ease as Consumer Prices Drop Slightly

Retail sales fell for the second straight month during March, according to the Commerce Department on Friday. Separate reports showed consumer prices declined – but there are expectations that retail imports will continue to grow as the overall economy expands.

Tags: Economy, Retail Sales, GDP, Consumer Prices, Gross Domestic Product, Ports

April 12, 2017 - Industry News

For-Hire Freight Shipments Hit New Record High

Graphic: U.S. DOT

A measure of U.S. for-hire freight movements set another record high in February, according to new Transportation Department figures released Wednesday, following no change the month before.

Tags: Economy, Freight Index

April 7, 2017 - Industry News

Economic Watch: Trucking Helps Push Unemployment to Near 10-Year Low

While the number of jobs added in the U.S. slowed dramatically during March, trucking supplied a big part of the gain, according to Labor Department figures released Friday, helping push the unemployment rate down to almost a 10-year low.

Tags: Economy, Unemployment, Employment

April 5, 2017 - Industry News

Economic Watch: Private Employment Jumps, Service Sector Growth Slows

Private sector employers in the U.S. added the most jobs during March in more than two years, according to figures released Wednesday, while a separate reported showed economic activity in the service sector has eased a bit.

Tags: Economy, Non-Manufacturing, Employment

April 4, 2017 - Industry News

Economic Watch: Factory Orders, Trade Deficit Improve; Auto Sales Drop

Despite a possible sign auto sales may have plateaued, several economic reports this week continue to look strong, including factory-made goods and the U.S. trade deficit.

Tags: Economy, Factory Orders, Auto Sales, Factory Shipments, U.S. Trade

April 3, 2017 - Industry News

Economic Watch: Manufacturing Growth Slows; Construction Hits 11-Year High

Two indicators show that while the manufacturing sector of the economy continued to grow in March, its rate of growth was slower than the month before. Meanwhile, a separate report showed construction spending rebounded to a level that’s the highest in more than a decade.

Tags: Economy, Manufacturing, Construction Spending

March 27, 2017 - Industry News

Optimism Spurs Increased Heavy-Duty Truck Sales Predictions

Photo: Deborah Lockridge

There was a sense of optimism in the air at the Mid-America Trucking Show in Louisville, Kentucky, last week. As truck makers and suppliers made their presentations to the trucking press, many said thanks to solid economic indicators, truck orders are higher than they would have predicted just three to six months ago.

Tags: Economy, Class 8, Truck Sales, MATS

March 24, 2017 - Industry News

Schneider National Goes Public With IPO Announcement

Photo: Schneider

Schneider National announced the launch of its initial public offering of 28,947,000 shares of Class B common stock at an anticipated price of $18-$20 per share valued at up to $580 million.

Tags: Economy, IPO, Schneider National

March 24, 2017 - Industry News

Economic Watch: Latest Readings Show Mixed Results, Lower Expectations

Orders for long-lasting durable goods increased more than expected last month while a snapshot of manufacturing activity showed it slowed this month and there were mixed results for housing during February, according to four new economic reports.

Tags: Economy, Durable Goods, Manufacturing, Home Sales

March 23, 2017 - Industry News

Cross-Border Freight Value Up for Third Straight Month

Graphic: U.S. DOT

The year started out with trucking and the other four major transportation modes carrying more freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in January than compared to a year earlier, according to new Transportation Department figures.

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

March 16, 2017 - Industry News

ATA Announces First Economic Summit

American Trucking Associations is launching an Economic Summit that will bring together chief economists from several trade associations for an outlook on each speaker's industry and how it could impact trucking.

Tags: Economy, ATA, Events

March 15, 2017 - Industry News

Economic Watch: Fed Pushes Interest Rates Higher Amid Improving Signs

The Federal Reserve on Wednesday increased the nation’s benchmark interest rate for the third time since its first hike in nearly a decade in December 2015, amid evidence of a steady economy and indications of more interest rate increases later this year.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Federal Reserve, Producer Prices, Used Vehicle Values

March 10, 2017 - Industry News

Economic Watch: Trucking Helps Boost Overall Employment Ahead of Fed Meeting

Job growth in the U.S. posted another healthy gain in February, according to a new Labor Department report, leading many analysts to predict an interest rate hike by the Federal Reserve when it meets next week.

Tags: Economy, Unemployment, Employment

March 8, 2017 - Industry News

For-Hire Freight Movements Remain Steady

The Freight Transportation Services Index, Jan. 2012 - Jan. 2017. Graphic: U.S. DOT

While the amount of freight moved by the nation’s for-hire transportation sector was unchanged in January from December, according to a new Transportation Department report, it did manage a slight increase from the same time a year ago.

Tags: Economy, Railroads, Intermodal, Freight Index

March 6, 2017 - Industry News

Economic Watch: Rising Factory Orders Latest Indicator of Interest Rate Hike

An increase in new factory orders is one of the latest economic signs that the Federal Reserve is moving close to another jump in interest rates, some analysts believe.

Tags: Economy, Interest Rates, Factory Orders, Federal Reserve, Factory Shipments

March 1, 2017 - Industry News

Economic Watch: Manufacturing Keeps Surging as Construction, Personal Spending Slip

Economic activity in the nation’s manufacturing sector continued expanding in February, according to two surveys of the nation’s purchasing managers. One report shows conditions are the best in two years while the other indicates things are slightly cooler than they were at the beginning of 2017.

Tags: Economy, Manufacturing, Construction Spending, Personal Income, Personal Spending

February 28, 2017 - Industry News

Economic Watch: GDP Performance Unchanged; Durable Goods Rebound

The widest measure of the nation’s economy performed as first estimated in the final quarter of last year despite a jump in consumer spending, according to a new assessment released Tuesday. Meanwhile, orders for long-lasting durable goods rebounded somewhat in January.

Tags: Economy, GDP, Durable Goods, Gross Domestic Product

February 24, 2017 - Industry News

Economic Watch: Home Sales, Consumer Sentiment Rise as Fed Mulls Rake Hike

There are increasing signs the U.S. economy is gaining momentum in the first quarter of the year with gains in home sales and consumer confidence, but it is also fueling speculation that interest rates could head higher as soon as next month.

Tags: Economy, Interest Rates, Home Sales, Consumer Sentiment, Federal Reserve

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