Economy

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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.

November 20, 2013

Economic Watch: Retail Sales Pop, Consumer Prices Drop

Despite a partial government shut down last month, resulting in hundreds of thousands of people being out of work and with no paychecks, retail sales in the U.S. unexpectedly increased.

November 12, 2013

FTR State of Freight: Steady Growth, Capacity Tightening

FTR's Noel Perry discussed the role of regulatory shocks in capacity and freight rates, plus the economic backdrop to what's going on in the industry, in FTR's recent State of Freight conference call.

November 8, 2013

Economic Watch: Strong October Job Growth, Consumer Spending Edge Higher

UPDATED -- A new U.S. Labor Department report shows there was a net gain of 204,000 jobs in the country during October, far more than economists were predicting, while trucking added just a few jobs.

November 7, 2013

Economic Watch: Third Quarter GDP Rate Jumps

A new report shows the American economy expanded in the third quarter of the year at a surprisingly higher rate than expected.

November 6, 2013

Economic Watch: Leading Economic Indicators Increase

Conditions for the American economy are improving and may continue doing so, according to a new report out from one private research group.

November 5, 2013

Economic Watch: Non-Manufacturing and Manufacturing Sectors Improve

Economic activity in the non-manufacturing sector grew in October for the 46th consecutive month, according to the nation's purchasing and supply executives in the latest Non-Manufacturing Institute for Supply Management Report On Business.

November 4, 2013

Economic Watch: October Auto Sales Jump

Sales of new automobiles in the United States increased 10.6% in October from the same time a year ago.

November 1, 2013

Economic Watch: U.S. Manufacturing Expands in October

Economic activity in the nation’s manufacturing sector expanded in October for the fifth consecutive month and the overall economy grew for the 53rd consecutive month, according to the nation's supply executives in a survey by the Institute of Supply Management.

October 30, 2013

Economic Watch: Consumer Prices Remain Fairly Stable

At least there is one thing that’s not a worry when it comes to the American economy…inflation. The U.S. Labor Department’s Consumer Price Index increased only 0.2% in September from the month before.

October 29, 2013

Economic Watch: Retail Sales, Consumer Confidence and Producer Prices Decline

Retail sales moved 0.1% lower in September from August but were 3.2% higher from the same time in 2012, according to the U.S. Commerce Department.

October 28, 2013

Economic Watch: Industrial Production, Durable Goods Shipments and Orders Rise

Industrial production in the United States increased in September, posting its biggest gain in seven months. This follows a report Friday showing shipments of manufactured durable goods hit their highest level on record going back to 1992 -- but consumer confidence took a nosedive.

October 22, 2013

Economic Watch: Unemployment Dips Overall and for Trucking

The nation’s unemployment rate continues moving lower inch-by-inch, hitting a five-year low, according to the U.S. Labor Department. It fell to 7.2% in September compared to 7.3% in August.

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