Fleet Management

Economy

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June 1, 2015 - Industry News

Economic Watch: Manufacturing, Construction Improve; Consumer Spending Stalls

Business conditions in the nation’s manufacturing sector turned around in May from the month before, while construction spending hit a six-year high. A weak spot? Consumer spending.

Tags: Economy, Manufacturing, Consumer Spending, Construction Spending

May 29, 2015 - Industry News

Economic Watch: GDP Shrinks, Consumer Sentiment Sinks

A new government reports shows the American economy contracted in the first quarter of the year for the second straight time.

Tags: Economy, GDP, Consumer Confidence

May 28, 2015 - Industry News

U.S. Cross Border Freight Value Declines

Percent change in value of U.S.-NAFTA freight flows by mode, March 2014 - 2015. Graphic: U.S. DOT

Newly released figures show the value of freight moved between the U.S. and its North American Free Trade Agreement neighbors totaled $96.1 billion in March, a 5.3% decline from a year ago, but three out of five transportation modes carried more cross-border cargo.

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

May 26, 2015 - Industry News

Economic Watch: Consumer Confidence, New Home Sales Improve

A measure of consumer confidence has increased following a sharp downturn, while new home sales rebounded strongly, according to reports released on Tuesday.

Tags: Economy, Consumer Confidence, Home Sales

May 26, 2015 - Industry News

Economic Watch: Key Durable Goods Indicator Rises

An advance report shows both new orders and shipments for manufactured durable goods declined in April, but a key indicator increased for the second consecutive month.

Tags: Economy, Durable Goods, Non-Manufacturing

May 22, 2015 - Industry News

Economic Watch: Consumer Prices Higher, Inflation Still Weak

Consumer prices moved barely higher in April, but it was the third consecutive monthly increase, according to a new Commerce Department report.

Tags: Economy, Consumer Prices

May 21, 2015 - Industry News

Truckload Linehaul, Intermodal Rates Mixed in April

Truckload linehaul rates declined in April from the month before while intermodal rates moved higher, according to two separate reports released on Thursday.

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

May 21, 2015 - Industry News

Economic Watch: Manufacturing Declines, Leading Indicators Increase

A first look at the nation’s manufacturing sector shows activity has declined for the second straight month. However, a measure of future economy activity is on the upswing.

Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators

May 19, 2015 - Industry News

Economic Watch: Home Starts Skyrocket

New homes starts in the U.S. increased dramatically in April from the month before, jumping 20.2% and hitting its highest level in more than seven years.

Tags: Economy, Housing Starts, Home Building

May 17, 2015 - Industry News

Economic Watch: Factory Output, Consumer Sentiment Decline

U.S. industrial production fell 0.3% in April for its fifth consecutive monthly loss, according to a Federal Reserve report issued Friday.

Tags: Economy, Consumer Confidence, Industrial Production, Consumer Sentiment

May 13, 2015 - Industry News

Economic Watch: April Retail Sales Go Nowhere

U.S. retail sales in April were virtually unchanged from March, according to a Commerce Department report released Wednesday morning.

Tags: Economy, Retail Sales

May 12, 2015 - Industry News

Freight Shipments, Expenditures Increase in April from Month Before

Graphic: Cass Information Systems

North American freight shipment volume and payments were up for the third month in a row during April, according to the latest readings from the Cass Freight Index.

Tags: Economy, Cass Freight Index

May 11, 2015 - Industry News

Trucking Conditions Index Subdued by Weak Manufacturing

Graph via FTR

The FTR Trucking Conditions Index fell slightly in March to a reading of 7.3, reflecting lessened demand for truck services and normalizing fuel costs.

Tags: Economy, FTR, Trucking Conditions Index, Manufacturing

May 8, 2015 - Industry News

Economic Watch: Unemployment Lowest in Almost 7 Years

Unemployment in the U.S. fell in April, hitting a near seven-year low following weak job additions in the first quarter of the year.

Tags: Economy, Unemployment, Employment

May 6, 2015 - Industry News

Perry: Economy Improving, But Volatile

Noel Perry speaks at the ALK Transportation Technology Summit. Photo: Jim Beach

The economy is in a “particularly volatile state,” with some saying it is going up while others think it is going down, according to Noel Perry, founder of Transport Economics, speaking at the ALK Transportation Technology Summit.

Tags: Economy, ALK

May 6, 2015 - Industry News

First Quarter Intermodal Shipments Increase 2 Percent

Graphic: IANA

Total intermodal shipments in the U.S. and Canada rose 2% over last year’s first quarter volumes despite port congestion issues that impacted international container traffic, according to new figures from the Intermodal Association of North America.

Tags: Economy, Intermodal, IANA

May 5, 2015 - Industry News

Economic Watch: Service Sector Builds Momentum, Trade Deficit Up

Photo: Revisorweb via Wikimedia Commons

Economic activity in the nation’s service sector increased in April, according to two reports released on Tuesday.

Tags: Economy, Non-Manufacturing

May 4, 2015 - Industry News

Economic Watch: Factory Orders Increases Most in 8 Months

Photo: Evan Lockridge

New orders and shipments of factory made goods turned around in March, according to a new Commerce Department Report released Monday.

Tags: Economy, Factory Orders, Factory Shipments

May 1, 2015 - Industry News

Economic Watch: Manufacturing Growth Slows, Consumers Optimistic

Photo: Revisorweb via Wikimedia Commons

The level of manufacturing in the U.S. was unchanged in April compared to the month before, according to a new survey of the nation’s purchasing managers.

Tags: Economy, Consumer Confidence, Manufacturing, Consumer Spending, Construction Spending

May 1, 2015 - Industry News

YRC Worldwide Reduces First Quarter Loss

Photo via YRC

Trucking operator YRC Worldwide Inc. cut some of its losses the first quarter of the year, but was still $21.6 million in the red.

Tags: YRC Worldwide, Economy, Quarterly Earnings

April 29, 2015 - Industry News

Economic Watch: GDP Growth Slows Dramatically

Photo: Revisorweb via Wikimedia Commons

The pace of economic growth in the U.S. slowed dramatically in the first quarter of the year, according to the first estimate from the Commerce Department. Economists disagree whether bad weather and port problems are largely to blame.

Tags: Economy, GDP

April 28, 2015 - Industry News

Vieth: Private Fleets Sitting Pretty

As ACT Research's Kenny Vieth sees it, private fleets in this economy are clearly in scoring position.

At the National Private Truck Council annual meeting, economist Kenny Vieth declared private fleets are now “sitting in the catbird seat” because they are “poised for growth” as the economy keeps gaining speed and freight volumes keep rising.

Tags: National Private Truck Council, ACT Research, NPTC, Freight, Economy, Private Fleets, Information Technology

April 28, 2015 - Industry News

Economic Watch: Consumer Confidence Lowest Since December

Photo: Revisorweb via Wikimedia Commons

A measure of U.S. consumer confidence fell in April, its biggest drop since October 2013 and the lowest level in four months.

Tags: Economy, Consumer Confidence

April 27, 2015 - Industry News

Economic Watch: Services Sector Growth Eases

Photo: Revisorweb via Wikimedia Commons

Growth in the U.S. service sector during April eased from a seven-month high in March, according to the financial information services provider Markit, but numbers still point to strong start to the second quarter.

Tags: Economy, Non-Manufacturing

April 24, 2015 - Industry News

Economic Watch: Durable Goods Orders Increase, Key Indicator Down Again

Orders for big ticket, long lasting durable goods increased 4% in March, the biggest gain in eight months, but a key indicator of business investment fell for the second consecutive month.

Tags: Economy, Durable Goods

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