Economy

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October 30, 2014

Economic Watch: GDP Continues Growing, Fed Ending Stimulus Program

One of the broadest measures of the health of the American economy shows it expanded at an annual rate of 3.5% in the third quarter of the year.

October 28, 2014

Economic Watch: Durable Goods Activity Slows, Consumers Upbeat

An advance report shows shipments of durable goods increased just slightly last month while new orders fell for the second straight month.

October 24, 2014

Economic Watch: New Home Sales Highest Since 2008

UPDATED -- Sales of new homes in the U.S. hit a six-month high last month while the improvement for August was cut dramatically, according to a new U.S. Commerce Department report.

October 23, 2014

U.S. NAFTA Freight Above $100 Billion for Sixth Straight Month

U.S. freight movements with Canada and Mexico saw imports increase 3.6% while exports gained 5.2% from a year earlier, according to the U.S. Transportation Department.

October 23, 2014

Economic Watch: Leading Indicators, Manufacturing Ease

A measure of where the American economy is headed in the next three to six months shows conditions are improving, but not as fast as they have been, according to the private research group The Conference Board.

October 22, 2014

Economic Watch: Consumer Prices Barely Move Higher

Consumer prices in the U.S. remained in check during September, increasing just 0.1%, according to the U.S. Labor Department.

October 21, 2014

Economic Watch: Existing Home Sales Hit Highest Level in a Year

The latest housing starts figures show the housing market continues to move in the right direction, finally recapturing 2013 levels after a weak start to the year.

October 21, 2014

Record Truck Tonnage Remains Steady in September, Up from Year Earlier

The amount of truck tonnage hauled in the U.S. during September was unchanged from the month before remaining at a record high level, according to new American Trucking Associations figures.

October 20, 2014

Cargo Volume at Port of Los Angeles Highest Since 2008

The increased volume reflects peak season volumes and larger vessels calling at the facility, according to port officials.

October 17, 2014

Economic Watch: Home Construction Rises, Consumer Sentiment Hits Seven-Year High

Residential construction in the U.S. has rebounded but remains volatile, hitting an annual rate of just more than 1 million units for only the third time this year in September, according to the U.S. Commerce Department.

October 16, 2014

Economic Watch: Industrial Production Jumps, Jobless Claims Plummet

Industrial production in the U.S. increased 1% in September, the biggest gain in nearly two years, and advanced at an annual rate of 3.2% in the third quarter of 2014. Manufacturing production was up for the quarter, led by mining, while last week's unemployment claims dropped.

October 15, 2014

Economic Watch: Retail Sales Lower, Producer Prices Fall

Retail sales in the U.S. during September stumbled a bit, marking the first month-to-month decline since January, while a separate report shows there is no reason for concern about inflationary pressures.

October 14, 2014

Economic Watch: Holiday Sales Expected to Jump Following October Container Surge

After a turbulent start to 2014, the nation’s retailers expect sales in November and December to increase a healthy 4.1% to $616.9 billion, higher than 2013’s actual 3.1% increase during that same time frame.

October 8, 2014

Cass Freight Index Mixed In September

The freight logistics sector was relatively flat in September, with a drop in North American shipment volume and a slight increase in total freight expenditures, or payments, according to the latest Cass Freight Index.

October 8, 2014

For-Hire Freight Index Hits Record High in August

The U.S. Transportation Department’s Freight Transportation Services Index, which is based on the amount of freight carried by the for-hire transportation industry, rose 0.6% in August from July, rising for the second consecutive month.

October 7, 2014

ATA MC&E: Economy Improves, Driver Shortage Continues

SAN DIEGO -- American Trucking Associations Chief Economist Bob Costello discussed the current freight levels, highlighting the fact that the ATA truck tonnage index hit a record high in August, before posing questions to this year's economic panel.

October 6, 2014

Economic Watch: Unemployment Falls; Manufacturing, Construction Slows

Both the trucking industry and the overall economy added jobs in September, pushing the unemployment rate down below 6% for the first time since July 2008 and hitting its lowest level in six years.

September 30, 2014

Economic Watch: Consumer Confidence Falls from Seven-Year High

The latest reading on the U.S. economy shows consumers have a dimmer view this month, according to one private research group.

September 29, 2014

Economic Watch: Personal Spending, Income, Consumer Sentiment Higher

Personal spending in the U.S. increased 0.5% in August from the month before, according to a new Commerce Department report. However, the pace may be slower than it should be to support the continued pace of manufacturing, says one analyst.

September 26, 2014

Economic Watch: Second Quarter Economic Growth Surges to 4.6% Pace

This revision to the gross domestic product shows the economy rebounded at its fastest pace in two and a half years and compares to a decline in the first quarter at an annual rate of 2.1%.

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