Economy

1  -  20  of  1665

July 22, 2016

Economic Watch: Manufacturing, Leading Indicators Spark Optimism

A new preliminary report shows U.S. manufacturing rising this month at its fastest pace since November 2015, following a post-Great-Recession low in May – "an encouraging sign of revival," says financial information services provider Markit.

July 22, 2016

Earnings Watch: Werner, Swift Profits Fall; Forward Air Reports Loss

Profits for two trucking companies turned lower in the second quarter of the year while a third moved into the red, according to newly released earnings reports.

July 21, 2016

Earnings Watch: Daimler Profit Rises 3%, Dana Earnings Fall

Car and truck maker Daimler AG reported a slight increase in its second quarter profit, but it expects significantly lower truck sales for this year. Meanwhile, one supplier is feeling the effects of the slowing North American commercial vehicle market.

July 20, 2016

Mack Weathering Sales ‘Correction’ Well, President Says

Moderating new truck production and trade-ins have avoided layoffs and a greater glut of used trucks on dealers' lots, Dennis Slagle says.

July 20, 2016

Truckload Linehaul Rates Remain Soft, Intermodal Rates Continue Steep Drop

Truckload linehaul rates in June were nearly the same as the month before, but they are still below levels from a year ago, while there seems to be no end to the recent drop in rates for intermodal shipments.

July 20, 2016

Landstar Profit Sinks 20%, Falls Short of Expectations

Asset-light trucking and related services provider Landstar System reported a 20% second quarter decline in earnings due to lower revenue and a big insurance claim.

July 19, 2016

Earnings Watch: Marten Profit Bumps 2% Higher

Temperature-controlled carrier Marten Transport reported an increase in its second quarter earnings. Although it's another small gain, it did beat analysts' expectations.

July 19, 2016

Freight Shipments, Expenditures Hit Highest Levels of 2016 but Will it Continue?

Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear if this is part of a larger trend.

July 19, 2016

Truck Tonnage Index Seesaws Downward in June

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index dropped by 1.5% in June, following a nearly 3% gain in May.

July 19, 2016

Earnings Watch: Volvo Says Net Profit Falls, Announces Fine in EU Probe

The Swedish parent to truck brands Volvo, Mack and others reported its second quarter profit slid from a year ago due to lower sales in many parts of the world and has downwardly revised its expectations in North America.

July 18, 2016

Earnings Watch: J.B. Hunt Improves Second Quarter Profit by 2%

Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.

July 15, 2016

Economic Watch: Retail Sales, Industrial Production Improve

A jump in retail sales and industrial output are just two of several economic indicators released Friday showing the economy is performing at least somewhat better, but there are still some lingering concerns.

July 13, 2016

Total For-Hire Shipments Rise Despite Trucking Decline

A U.S. Transportation Department measure of the amount of freight carried by the nation's for-hire transportation industry rose 0.2% in May from April, the second consecutive monthly gain, and is just 1.5% below the all-time high level hit in December 2014.

July 12, 2016

Diesel Prices Expected to Jump 15% Next Year

A new government forecast is calling for double-digit gains in diesel prices next year, although gasoline is expected increase by only half as much.

July 12, 2016

Economic Watch: Expect Increase In Retail Imports

Import cargo volume at the nation’s major retail container ports should see a small-but-significant increase this month as merchants stock up for the back-to-school season, then see a larger wave in late summer and fall for the holiday shopping season.

July 11, 2016

Earnings Watch: Daimler’s Adjusted Earnings Beat Forecasts

The second quarter earnings season got underway on Monday with Daimler AG unexpectedly releasing numbers showing its adjusted earnings in the second quarter of the year are “significantly above market expectations” – but the news did not carry over into its truck operations.

July 8, 2016

Economic Watch: Trucking Left Out of Employment Surge

While U.S. non-farm payrolls swelled by 287,000 jobs in June, the most since October, the number of trucking jobs fell for the fifth straight month, according to a new U.S. Labor Department report.

July 1, 2016

Economic Watch: Manufacturing Continues Improving, Construction Falls

Two reports show the nation’s manufacturing sector is making continued improvements following a bumpy ride that began last year and early this year.

June 29, 2016

Economic Watch: Consumer Spending Fueling Better Overall Growth

One of the biggest drivers of the U.S. economy increased for the second straight month in May, adding to optimism that growth in the second quarter will be better than the slow first quarter pace.

June 28, 2016

Economic Watch: GDP Growth Improves Just Slightly

U.S. economic growth improved more than previous estimates, but not by much, according to Commerce Department figures released Tuesday. Stronger net exports and business investment offset an unexpected downward revision to consumer spending.

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