September 29, 2015 - Industry News
The value of freight moved between the U.S. and its next door neighbors Canada and Mexico totaled $93 billion in July 2015. All modes except air carried less freight than in July 2014.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade, Freight
Consumers are feeling better than they were before and are spending more money because they are taking home larger paychecks, according two new reports. That bodes well for truck freight.
Tags: Economy, Consumer Confidence, Personal Income, Personal Spending
September 25, 2015 - Industry News
Swift Transportation has lowered projections for profits for the final two quarters of the year and for the full year, due in large part to at least one accident, legal claims and expected lower freight volume.
Tags: Economy, Swift Transportation, Fleet Earnings
The U.S. economy performed better in the second quarter of the year than earlier thought, according to a new Commerce Department report Friday, leaving some wondering if this puts the Federal Reserve closer to raising interest rates.
Tags: Economy, GDP, Consumer Confidence, Federal Reserve, Gross Domestic Product
September 24, 2015 - Industry News
Economic watchers got a mixed bag of reports on Thursday. One showed an easing in part of the manufacturing sector, including a measure of business investment. However, two others were upbeat regarding housing and the upcoming holiday sales season.
Tags: Economy, Retail Sales, Durable Goods, Manufacturing, Home Sales
September 21, 2015 - Industry News
Following three straight months of gains, existing–home sales dipped in August, according to a new report from the National Association of Realtors.
Tags: Economy, Fuel Prices, Diesel Prices, Crude Oil Prices, Home Sales
September 18, 2015 - Industry News
A measure of the health of the nation’s economy and where it's headed moved slightly higher, but one analyst says the rate of growth remains unimpressive.
Tags: Economy, The Conference Board, Leading Economic Indicators
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
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