Economy

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December 19, 2014

Truck Tonnage Index Hits Highest Recorded Level in November

The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index rose 3.5% to 136.8 in November -- the highest level on record.

December 19, 2014

Economic Watch: New Construction Jumps 13 Percent

New construction starts in the U.S. climbed 13% in November from the month before to an annual rate of $677.8 billion, according to industry data provider Dodge Data & Analytics.

December 17, 2014

Federal Reserve: Economy Expanding at ‘Moderate Pace’

The U.S. Federal Reserve on Wednesday indicated it believes the American economy continues to expand at a moderate pace and would be able to handle a small hike in short-term interest rates.

December 17, 2014

Economic Watch: Consumer Prices Post Largest Drop in 6 Years

Falling gasoline prices led to a sharp drop in U.S. consumer prices during November, the steepest rate in nearly six years, according to a U.S. Commerce Department released Wednesday morning.

December 16, 2014

Economic Watch: New Home Starts Fall

Newly released figures show a drop in housing starts during November, with an even bigger decline in the number of new building permits issued -- but new home building remained above a 1 million unit annual rate for the third month in a row.

December 15, 2014

Economic Watch: Industrial Production Surges, Homebuilder Optimism Slips

U.S. industrial production surged in November by 1.3% from the month before, the largest gain since May 2010, according to new U.S. Federal Reserve figures.

December 12, 2014

Economic Watch: Producer Prices Retreat, Consumer Sentiment Best in 7 Years

Prices at the wholesale level in November gave up all the gains made the month before, led by declining energy costs, while consumers in the U.S. are feeling better than they have in many years.

December 11, 2014

Economic Watch: Retail Sales Post Biggest Gain in Eight Months

The 0.7% increase from the month before is well above what many analysts were expecting.

December 10, 2014

Cass Freight Index Posts November Drop, 2014 Still Looks Strong

The newly released November Cass Freight Index shows a drop in total freight expenditures of 0.7% and a corresponding decline in shipment volumes of 0.2%, however the level was higher than expected, pointing to strong finish for 2014.

December 10, 2014

DOT For-Hire Freight Index Hits Record High

The U.S. Transportation Department’s Freight Transportation Services Index rose 0.3% in October from September, the fourth consecutive month-over-month gain, hitting an all-time high.

December 9, 2014

Trucks Hauled Over 73 Percent of Shipments Nationwide

Trucks accounted for 73.1% of the total value of commodities shipped in 2012 with a worth of more than $10 trillion, according to a U.S. Census Bureau survey.

December 8, 2014

U.S. DOT: Freight Index Leading Economic Indicator

The U.S. Department of Transportation is calling its Transportation Services Indexes, especially the freight index, leading indicators of economic cycles.

December 5, 2014

Economic Watch: Job Gains Soar, Factory Activity Slows

The number of people who found jobs in November increased dramatically from the month before but the unemployment rate was unchanged, according to U.S. Labor Department numbers released Friday morning.

December 5, 2014

Intermodal Rail Traffic Hits New Record High

The Association of American Railroads said Thursday for the week ending Nov. 29, U.S. railroad intermodal volume totaled 220,873 units, up 6.2% compared with the same week last year and the highest level on record.

December 2, 2014

Economic Watch: Construction Spending Up, Holiday Sales Start Off Slow

Construction spending in the U.S. posted its biggest increase in five months during October, according to a new Commerce Department report released Tuesday.

December 1, 2014

Economic Watch: Manufacturing Growth Slowed in November

Economic activity in the manufacturing sector expanded in November for the 18th consecutive month, but at a slower pace, according to the nation’s supply executives in the latest survey by the Institute for Supply Management

December 1, 2014

Economic Watch: Gains in Durables, New Home Sales, Consumer Confidence

Key economic indicators for October that were posted last week show mostly good news for trucking, including durable goods, home sales and consumer confidence.

November 25, 2014

U.S.-NAFTA Freight Jumps 8.2% from Year Earlier

The amount freight moved between the U.S. and its neighbors of Canada and Mexico totaled $102.2 billion in September, an 8.2% gain from a year ago, as all five major transportation carried more cargo, according to new U.S. Transportation Department figures.

November 25, 2014

Economic Watch: GDP Up; Construction Starts, Consumer Confidence Down

UPDATED -- The health of the American economy was much stronger in the third quarter of the year than initially thought, according to the U.S. Commerce Department.

November 21, 2014

Economic Watch: Leading Indicators Show Improvement into 2015

A measure used to forecast where the U.S. economy is headed in the next three to six months rose sharply in October from the month before, according to the private research group The Conference Board.

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