Fleet Management

Economy

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October 6, 2014 - Industry News

Economic Watch: Unemployment Falls; Manufacturing, Construction Slows

Both the trucking industry and the overall economy added jobs in September, pushing the unemployment rate down below 6% for the first time since July 2008 and hitting its lowest level in six years.

Tags: Economy, Unemployment, Manufacturing, Non-Manufacturing, Construction Spending, Employment

September 30, 2014 - Industry News

Economic Watch: Consumer Confidence Falls from Seven-Year High

Photo: Pen Waggner via Wikimedia Commons

The latest reading on the U.S. economy shows consumers have a dimmer view this month, according to one private research group.

Tags: Economy, Consumer Confidence

September 29, 2014 - Industry News

Economic Watch: Personal Spending, Income, Consumer Sentiment Higher

Personal spending in the U.S. increased 0.5% in August from the month before, according to a new Commerce Department report. However, the pace may be slower than it should be to support the continued pace of manufacturing, says one analyst.

Tags: Economy, Consumer Sentiment, Personal Income, Personal Spending

September 26, 2014 - Industry News

Economic Watch: Second Quarter Economic Growth Surges to 4.6% Pace

This revision to the gross domestic product shows the economy rebounded at its fastest pace in two and a half years and compares to a decline in the first quarter at an annual rate of 2.1%.

Tags: Economy, GDP

September 25, 2014 - Industry News

U.S.-NAFTA Freight Movements Gain 8.5% in July, Led by Trucking

Percent change in the value of U.S.-NAFTA freight flows by mode, July 2013 - July 2014. Graphic: U.S. DOT

New U.S. Transportation Department figures show it totaled $101.1 billion, with increases in all five major transportation modes: air, vessel, pipeline, rail, and trucks. This is the fifth consecutive month with U.S.-NAFTA freight flows exceeding $100 billion.

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

September 25, 2014 - Industry News

Economic Watch: Durable Goods Decline, Services Sector Remains Strong

Shipments of manufactured durable goods fell 1.5% from July following a 3.7% increase in July from June. An overall decline of this amount was expected, according to a poll of economists.

Tags: Economy, Durable Goods

September 25, 2014 - Industry News

Truckload Linehaul, Intermodal Rates Post Solid Gains

Truckload linehaul rates for North America maintained their ongoing climb in August, with the Cass Truckload Linehaul Index gaining a solid 7% over August 2013.

Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index

September 23, 2014 - Industry News

ATA Truck Tonnage Index Hits Record High in August

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.6% in August to a record high, following a gain of 1.5% the previous month.

Tags: Economy, American Trucking Associations, Truck Tonnage Index

September 23, 2014 - Industry News

Economic Watch: Manufacturing Continues Strong Performance

A measure of the strength of the U.S. manufacturing sector was unchanged this month from August, but remains strong at a 52-month high, according to a new report released Tuesday morning by the financial information services provider Markit Economics.

Tags: Economy, Manufacturing

September 22, 2014 - Industry News

Trucking Productivity Facing Challenges

John Larkin told attendees at TMW Systems' user conference that trucking productivity could take a hit. Photo: Jim Beach

Logistics cost as a percent of GDP has been declining over the last 30 years, from 16% before deregulation to 8% now. But while logistics costs have been reduced, productivity has leveled out and may even decrease, according to Stifel's John Larkin, speaking at TMW's annual user conference.

Tags: Productivity, Economy, Driver Shortage, TMW Systems

September 22, 2014 - Industry News

Economic Watch: Existing Home Sales Slip, Total U.S. Construction Falls

After four consecutive months of gains, existing-home sales slipped in August, according to the National Association of Realtors, but remains near its highest level so far this year.

Tags: Economy, Construction, Home Sales

September 18, 2014 - Industry News

Economic Watch: Housing Starts Dive in August Following July Surge

Housing starts in the U.S. plunged in August from the month before but the level of activity was still higher than the same time a year earlier, according to the U.S. Commerce Department.

Tags: Economy, Home Starts, Home Building

September 17, 2014 - Industry News

Economic Watch: Consumer Prices Fall, Homebuilders Most Optimistic Since 2005

The threat of inflation to the U.S. economy appears to be muted, with a report issued Wednesday showing consumer prices in August fell for the first time in 16 months.

Tags: Economy, Fuel Consumption Index, Home Building, Consumer Prices

September 16, 2014 - Industry News

Economic Watch: Producer Prices Unchanged in August

The Producer Price Index was unchanged, following a 0.1% gain in July and a 0.4% jump during June.

Tags: Economy, Producer Prices

September 15, 2014 - Industry News

Economic Watch: Industrial Production Falls Slightly

Photo: Evan Lockridge

Industrial production in the U.S. fell slightly in August, its first decline since January, according to a report released Monday by the Federal Reserve.

Tags: Economy, Industrial Production, Consumer Sentiment

September 12, 2014 - Industry News

Economic Watch: Retail Sales Best in Four Months

Photo: Evan Lockridge

The U.S. Commerce Department on Friday reported August retail sales were up 0.6% from the month before and 5% higher than the same time a year ago.

Tags: Economy, Retail Sales

September 10, 2014 - Industry News

Freight Transportation Index Increases to Near All-Time High

Five years: Freight Transportation Services Index, July 2009 - July 2014. Credit: U.S. DOT

A measure of the amount of freight carried by the nation’s for hire transportation industry increased 0.9% in July following a one-month decline.

Tags: Economy, Freight Index

September 9, 2014 - Industry News

Cass Freight Index Advances, Freight Spending Slips

North American freight volumes bounced back in August from a normal July dip, but it did not lead to a similar increase in freight spending, according to the Cass Freight Index.

Tags: Economy, Freight, Freight Rates, Cass Freight Index

September 5, 2014 - Industry News

Rail Intermodal Traffic at or Near Record Highs

Photo: Jim Park

Intermodal rail traffic levels remained strong in August, hitting new highs or coming close to it, according to the Association of American Railroads.

Tags: Economy, Railroads, Intermodal, Association of American Railroads

September 5, 2014 - Industry News

Economic Watch: Unemployment Falls, Trucking Sheds Jobs

New U.S. Labor Department figures released Friday show more jobs were added in August, but the increase failed to continue the pace of more than 200,000 jobs that had been added each of the previous six months.

Tags: Economy, Unemployment, Employment

September 4, 2014 - Industry News

Economic Watch: Employment Posts Solid Gain, Service Sector Grows

Private sector employment increased in August from July by 204,000 jobs, according to the August National Employment Report from ADP released on Thursday. This marks the fifth straight month of employment gains above the 200,000 mark.

Tags: Economy, Non-Manufacturing, Employment

September 3, 2014 - Industry News

Economic Watch: Factory Shipments, Orders Hit Record Highs

Photo: Evan Lockridge

Shipments of U.S. manufactured goods increased again in July, while new orders for them skyrocketed, with both hitting record high levels going back to 1992.

Tags: Economy, Factory Orders, Factory Shipments, Manufacturing, Durable Goods

September 2, 2014 - Industry News

U.S. Driving Level Highest in Six Years

Photo: Evan Lockridge

New estimates released by the U.S. Department of Transportation's Federal Highway Administration show that American driving between July 2013 and June 2014 is at levels not seen since 2008.

Tags: Economy, Federal Highway Administration, Highway Funding, Highways, VMT, Anthony Foxx

September 2, 2014 - Industry News

Economic Watch: Manufacturing, Construction at Highest Level in Years

Photo: Evan Lockridge

U.S. Economic activity in the manufacturing sector expanded in August for the 15th consecutive month, hitting its highest level since March 2011, according to the nation's supply executives.

Tags: Economy, Manufacturing, Construction Spending

August 29, 2014 - Industry News

Economic Watch: Consumer Spending Posts First Decline Since January

Consumers unexpectedly backed off on personal spending in July by just a bit, while income moved slightly higher, according to a new U.S. Commerce Department report, raising concerns that wages are not keeping up with household needs.

Tags: Economy, Consumer Spending, Personal Income

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