Economy

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January 9, 2014

DOT Freight Index Rises to Best Level on Record

The amount of freight carried by the nation’s for-hire transportation industry rose 1.2% in November from October, rebounding from a one-month decline to reach its highest all-time level, according to a new U.S. Department of Transportation report.

January 9, 2014

Economic Watch: 2013 Job Cuts Lowest Since 1997

Announced job cuts fell to the lowest level of the year in December as U.S.-based employers reported plans to reduce payrolls by 30,623 during the month, representing a 32% decline from a November total of 45,314, according to a new report by the global outplacement consultancy Challenger, Gray & Christmas.

January 8, 2014

Economic Watch: December Job Growth Strongest of 2013

Private sector employment increased by 238,000 jobs from November to December, according to the new ADP National Employment Report, making the final month of 2103 the strongest month for job growth last year.

January 8, 2014

Freight Shipments Fall in December, 2014 Projected to be Better Than Last Year

North American freight activity followed virtually the same path in 2013 as it did in the previous two years, concluding with the typical December falloff, according to new issue of the Cass Freight Index Report.

January 7, 2014

Economic Watch: NAFTA Surface Trade Hits Record High

U.S. trade with its North American Free Trade Agreement partners, Canada and Mexico, amounted to $103.1 billion in October, up 4.5% from the same time a year earlier and exceeded $100 billion for the first month on record, according to new U.S. Department of Transportation figures.

January 6, 2014

Economic Watch: Factory Shipments and Orders Hit Record High

Shipments and new orders for manufactured goods in the United States both hit their highest levels on record in November, according to a new U.S. Commerce Department report released on Monday.

January 3, 2014

Economic Watch: 2013 Auto Sales Best Since 2007

Sales of new autos in the United States last year should post their performance since 2007, despite a slight dip in December, according to published reports.

January 2, 2014

Economic Watch: Manufacturing Continues Expansion, Construction and Consumer Confidence Jump

Economic activity in the nation’s manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, according to a new report from the nation’s purchasing managers.

December 31, 2013

Economic Watch: Year Ending With Positive Economic News

The final week of 2013 provided some encouraging economic numbers including about holiday sales.

December 20, 2013

Economic Watch: Gross Domestic Product Clocks In at Perky 4.1% Increase

The American economy expanded more in the third quarter of the year than earlier projections, according to the U.S. Commerce Department.

December 19, 2013

Economic Watch: New Home Sales Slide, Fed Eases Back on Economic Stimulus

UPDATED -- Existing home sales in the United States have fallen for the third straight month, according to the National Association of Realtors, but it’s not due to lack of interest from prospective buyers.

December 18, 2013

Economic Watch: Housing Booming, Inflation Remains Tame

New housing starts in the United States during November surged 22.7% higher than the October rate, hitting its best level in five-years, according to new figures released by the U.S. Commerce Department.

December 16, 2013

Economic Watch: Industrial Production Posts Best Gain in a Year

Industrial production in the United States last month grew at its fastest pace in a year with output increasing past a pre-recession peak, according to the U.S. Federal Reserve.

December 11, 2013

For-Hire Freight Index Drops After Hitting Record High

The amount of freight carried by the for-hire transportation industry fell 0.7% in October from September, the first monthly decline after three months of increases, according to a new figures from U.S. Department of Transportation and its Freight Transportation Services Index.

December 6, 2013

Economic Watch: Unemployment Hits Five-Year Low, Consumer Spending Up

Unemployment moved down in November to its lowest level in five years and with it trucking added the most jobs in several months.

December 5, 2013

More Than 10.5 Million Truck Crossings Into the U.S. in 2012

Border crossings into the U.S. from Canada and Mexico in 2012 included 10.7 million truck crossings, along with with personal vehicles entering the U.S. nearly 96 million times (33.1 million from Canada, and 62.7 million from Mexico.) The stats also include 320,000 buses and 37,000 trains.

December 5, 2013

Economic Watch: Third Quarter GDP Grows 3.6%

The broadest measure of health of the nation’s economy shows it expanded at an annual rate of 3.6% in the third quarter of the year, more than originally reported, according to the U.S. Commerce Department on Thursday.

December 4, 2013

Economic Watch: New Home Sales and Employment Jump

Sales of new homes on the United States skyrocketed in October, recording the biggest monthly increase in more than 30 years, according to a new U.S. Commerce Department report.

December 3, 2013

Economic Watch: November Auto Sales Best Since 2007, Expectations Bright for 2014

Sales of new automobiles, light-trucks and SUV’s in the U.S. picked up their pace dramatically last month, hitting an annual rate of 16.4 million, far above the 15.3 million yearly rate in October and the best since early 2007.

December 2, 2013

Economic Watch: Newest Measures Generally Positive

UPDATED -- Total construction spending in the United States hit a four and half year high in October, according to U.S. Commerce Department report released on Monday.

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