Fleet Management

Economy

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October 20, 2013 - Industry News

'Eyes on the Economy' Panel Examines 'OK' Economy

The &#39;Eyes on the Economy&#39; panel featured, from left, ATA Chief Economist Bob Costello, ACT Research&#39;s Kenny Vieth, and Mark Vitner from Wells Fargo. (Photo by Evan Lockridge)<br />

The economy and freight continues to chug along in an "OK" mode, while stagnant capacity and new and pending regulations put the industry "on the cusp of a capacity crunch" if the economy speeds up, according to a panel of economic and industry experts at the American Trucking Associations' annual convention Sunday.

Tags: Economy, ATA, ACT Research, Truck Tonnage, ATA2013

October 14, 2013 - Industry News

Economic Watch: Consumer Confidence Drops Again

With the partial shutdown of the U.S. government and the prospect the U.S. will default on its financial obligations, consumers don’t feel that good about the future, at least economically speaking, but they could also be doing a whole lot worse.

Tags: Economy, Consumer Confidence

October 10, 2013 - Industry News

Cass Freight Index up in September, but Don't Expect Strong Q4

Freight costs continued to rise in September, showing the largest month-to-month increase since March, but it's not due to a raise in rates. Meanwhile, North American shipment volumes also rose for the second month in a row, according to the Cass Freight Index.

Tags: Economy, Freight, Cass Freight Index

October 2, 2013 - Industry News

Economic Watch: September Auto Sales Slip

A more than two-year streak in U.S. auto sale gains came to an end in September, but don’t read too much into the decline, say analysts. Early estimates show new sales fell 4% in September compared to the same time a year ago, to a little more than 1.1 million vehicles.

Tags: Economy, Freight, Auto Sales

September 27, 2013 - Industry News

Economic Watch: Consumer Confidence Down, Personal Spending Lackluster

By Revisorweb via Wikimedia Commons

Following a string of at least slightly encouraging economic reports, two new economic reports are disappointing. U.S. consumer confidence fell this month to a five-month low, while personal spending in August increased for the fourth consecutive month.

Tags: Economy, Consumer Confidence, Consumer Spending

September 26, 2013 - Industry News

Economic Watch: Three New Reports Show Slow Improvements

Growth for the nation’s economy picked up dramatically in the second quarter of the year with the gross domestic product increasing at an annual rate of 2.5%.

Tags: Economy, Freight, GDP, Durable Goods, Manufacturing, Home Sales

September 24, 2013 - Industry News

6 Myths About the Economy

“I think it’s pretty astounding this economy continues to grow when you think about the shocks it’s taken," said Bob Costello, chief economist & vice president, American Trucking Associations, speaking at TMW Systems’ Transforum user conference in Anaheim, Calif., Tuesday.

Tags: Economy, ATA, TMW

September 24, 2013 - Industry News

ATA Economist: Industry Faces Capacity Crunch

ATA Chief Economist Bob Costello speaking at TMW Transforum this week.

ANAHEIM -- The trucking industry is looking at a severe capacity crunch in coming years with a variety of factors contributing to the situation, according to Bob Costello, chief economist of the American Trucking Associations.

Tags: Drivers, Economy, ATA, Freight, TMW

September 24, 2013 - Industry News

Economic Watch: Trucking Freight Boom Forecast

Photo: Evan Lockridge

There could be a lot more freight for trucking to move in the future from the nation’s manufacturing sector.

Tags: Economy, Freight, Manufacturing

September 24, 2013 - Industry News

Economic Watch: Consumer Confidence Inches Back

Americans aren’t feeling quite as good about the state of the economy this month as they were in August, but they are still optimistic.

Tags: Economy, Consumer Confidence

September 17, 2013 - Industry News

Economic Watch: Inflation Not a Threat to Growth

A new report shows inflation does not pose any threat to the slowly improving United State’s economy.

Tags: Economy, Consumer Prices

September 16, 2013 - Industry News

Economic Watch: Industrial Production Rises in August

Industrial production in the United States has posted its biggest increase in six months, according to the U.S. Federal Reserve.

Tags: Economy, Industrial Production

September 13, 2013 - Industry News

Economic Watch: Retail Sales Sluggish in August, Consumer Confidence Falls

UPDATED--Retail sales increased less than expected during August compared to the month before, but are up significantly compared to a year ago, driven primarily by auto sales.

Tags: Economy, Retail Sales, Consumer Confidence

September 12, 2013 - Industry News

FTR Gears up for Annual Conference

FTR Associates' 2013 Transportation Conference, "Insights for Uncertain Times," will be held Sept. 24-26 at the Historic Union Station in Indianapolis. More than 40 industry speakers and panelists will provide insight on the economy and all modes of freight transportation.

Tags: Economy, FTR Associates

September 6, 2013 - Industry News

Economic Watch: Overall Unemployment Slips, Trucking No Gains

While unemployment in the U.S. fell in August, the trucking industry added no jobs, and the number of jobs added the month before was revised sharply lower, according to the U.S. Labor Department.

Tags: Economy, Unemployment

September 5, 2013 - Industry News

Stifel: Soft Economy Makes Rate Hikes Tough, Despite Driver Shortage

Although a "cavalcade of regulations" is expected to make it harder than ever to find drivers, an economy that continues to grow at a sub-potential rate means fleets don't have a lot of leverage when it comes to raising rates, according to John Larkin and fellow transportation analysts at the Stifel Nicolaus investment firm.

Tags: Drivers, Economy, Manufacturing, Consumer Spending, Stifel Nicolaus

September 5, 2013 - Industry News

Economic Watch: Factory Shipments Increase While New Orders Decline

Photo: Evan Lockridge

Shipment of factory orders in July increased while new orders fell, according to a new Commerce Department report. Overall shipments saw their second hike in the past three months, but durable goods shipments fell slightly.

Tags: Economy, Durable Goods, Manufacturing, Factory Orders

September 5, 2013 - Industry News

Trucking Revenues Increase in First Half of 2013

Photo: Evan Lockridge

A new government report shows revenue in the trucking business increased 1.5% in the first six months of the year in the United States compared to the same time in 2012.

Tags: Economy, Fleets

September 4, 2013 - Industry News

Economic Watch: August U.S. Auto Sales Best in Nearly Six Years

Sales of cars, light trucks and SUVs in the United States remain high amid signs the public has no intent of cutting back on purchases, good news for fleets that haul everything from raw materials to components to delivering new cars to dealers.

Tags: Economy

August 27, 2013 - Industry News

Economic Watch: Increasing Traffic Congestion Points to Improving Economy

If increased traffic along the nation’s highways is a accurate indicator of increased commerce and an improving economy, then things are better overall than they were the same time a year ago according to one firm, Inrix, which monitors traffic congestion.

Tags: Economy, Traffic Congestion, Freight, Inrix

August 20, 2013 - Industry News

Economic Watch: Freight Tonnage Index Strong Despite Drop

July truck tonnage falls from June, but is up from the same time a year ago. Credit: ATA

The amount of freight moved last month fell for the first time since April, according to newly released figures.

Tags: Economy, ATA, Freight, Truck Tonnage Index

August 15, 2013 - Industry News

Economic Watch: Industrial Production Flat, Inflation Tame, Housing Bright

A new report shows industrial production in the United States was at the same level in July as it was the month before. Meantime, a Labor Department report shows inflation is of little worry when it comes to the health of the economy.

Tags: Economy, Industrial Production, Consumer Prices

August 13, 2013 - Industry News

Economic Watch: Retail Sales Increase, More Than 5% Higher from a Year Ago

Retail sales in the United States posted their fourth straight monthly increase. The pace for July rose less than the previous month's increase, but sales are well ahead of the level from a year ago.

Tags: Economy, Retail Sales

July 26, 2013 - Industry News

Economic Watch: Latest Economic Numbers Hit Multi-Year Highs

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

Freight Index Increases for Second Straight Month

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

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