Economic Watch: Retail Sales Gains Push GDP Hopes Higher
One of the biggest drivers of the U.S. economy shifted into high gear in July, posting its biggest gain in seven months, according to a new Commerce Department report.

One of the biggest drivers of the U.S. economy shifted into high gear in July, posting its biggest gain in seven months, according to a new Commerce Department report.
Retail sales increased 0.6% from June, the largest gain since December 2016 and better than a consensus estimate from Wall Street.
The department also upwardly revised June’s performance for a 0.3% hike following an originally reported 0.2% drop from May. Retail sales in many earlier months of the year were lackluster.
The June level of retail sales is 4.2% higher than the same time a year earlier. Total retail sales for the May 2017 through July 2017 period were up 3.9% from the same period a year ago.
Helping to push the June level higher was a 1.2% increase in auto sales from the month before, its biggest increase since December. There were also strong gains in sales at furniture stores, hardware stores and restaurants.
Excluding sales of autos, gasoline, building materials and food services, so called “core sales” surged 0.6% last month following an upwardly revised 0.1% increase in June.
Non-store retailers, which includes online shopping, reported sales increased 1.3% in July from the month before, while recording a whopping 11.5% compared to July 2016.
This latest gain in retail sales adds to the hopes that the overall U.S. economy will find even more traction in the current quarter. The nation’s gross domestic product (GDP) increased at an annual rate of 2.6% in the second quarter, up from the 1.2% pace in the first quarter of the year.
The July retail sales report was strong overall, and so was the core retail sales, which goes into the calculation of GDP, according to Eugenio J. Alemán, senior economist at Wells Fargo Securities.
“This means that not only is the second quarter personal consumption expenditures probably going to be revised higher from an already strong 2.8%, but that the expectations for PCE during the third quarter are also going to be marked up going forward," he said. “That is, both indicators for the consumption of goods and services from the retail sales report are looking promising for the start of the third quarter of the year.”
More Fleet Management

How Innovative Trucking Leaders Turn Change Into an Advantage
As the pace of change accelerates in trucking, the fleets that adapt best have more than the latest technology. They have cultures that embrace improvement.
Read More →
Freight Broker Bonds Just Got Harder to Get. Here's What That Means for Your Fleet.
When it gets harder for a freight broker to prove they are financially sound, the ones who cannot clear that bar get pushed out of the market. And those are exactly the brokers who used to leave motor carriers holding the bag.
Read More →
Long-Awaited Canadian Border Bridge to Open in Detroit
For trucking, the bridge opening should offer immediate improvements in efficiency and reliability, with new customs facilities, expanded inspection capacity, and direct freeway-to-freeway connections.
Read More →
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Freight Tonnage Down, Rates up, as Lower Capacity Powers Trucking Recovery
The recovery from the freight recession continues to be driven by reduction in capacity rather than by increased demand.
Read More →
Think Your Trucking Fleet Isn't Using Much AI? Think Again
Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.
Read More →
ArcBest Consolidates Brands, Cuts Workforce
The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.
Read More →
Trucking Fleets Faced Record Operating Costs During Third Year of Freight Recession
ATRI's annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.
Read More →
Michelin Adds AI Assistant to MyConnectedFleet Platform
Michelin’s new generative AI tool delivers instant fleet insights, helping managers analyze fuel use, tire maintenance, vehicle status, and operational performance without manually creating reports.
Read More →
LytxOne Platform Now Features AI, Compliance, and Asset Tracking Tools
New enhancements add AI-powered insights, asset tracking, compliance automation, and configurable privacy controls to Lytx's all-in-one fleet management platform.
Read More →
