Economy

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September 6, 2013

Economic Watch: Overall Unemployment Slips, Trucking No Gains

While unemployment in the U.S. fell in August, the trucking industry added no jobs, and the number of jobs added the month before was revised sharply lower, according to the U.S. Labor Department.

September 5, 2013

Stifel: Soft Economy Makes Rate Hikes Tough, Despite Driver Shortage

Although a "cavalcade of regulations" is expected to make it harder than ever to find drivers, an economy that continues to grow at a sub-potential rate means fleets don't have a lot of leverage when it comes to raising rates, according to John Larkin and fellow transportation analysts at the Stifel Nicolaus investment firm.

September 5, 2013

Economic Watch: Factory Shipments Increase While New Orders Decline

Shipment of factory orders in July increased while new orders fell, according to a new Commerce Department report. Overall shipments saw their second hike in the past three months, but durable goods shipments fell slightly.

September 5, 2013

Trucking Revenues Increase in First Half of 2013

A new government report shows revenue in the trucking business increased 1.5% in the first six months of the year in the United States compared to the same time in 2012.

September 4, 2013

Economic Watch: August U.S. Auto Sales Best in Nearly Six Years

Sales of cars, light trucks and SUVs in the United States remain high amid signs the public has no intent of cutting back on purchases, good news for fleets that haul everything from raw materials to components to delivering new cars to dealers.

September 4, 2013

Economic Watch: August U.S. Auto Sales Best in Nearly Six Years

New figures show overall sales increased 17% in August compared to the month before, to an annual rate of 16.1 million vehicles, marking the best month since October 2008, before the worst of the U.S. economic recession.

September 3, 2013

Economic Watch: Manufacturing and Housing Increase Significantly

Economic activity in the manufacturing sector expanded in August for the third consecutive month and at its best pace in more than two years, raising hopes about the performance of the American economy during the third quarter of the year.

August 29, 2013

Economic Watch: Second Quarter GDP Performance Jumps

Analysts who were predicting a sharp downturn in the nation’s gross domestic product in the second quarter due to earlier dismal economic news got a shock with the release of a new report.

August 28, 2013

Economic Watch: Crude Hits Highest Price Since May 2011

Following indications the United States will launch a military strike against Syria, the price of oil has reached a more than two-year high.

August 27, 2013

Economic Watch: Increasing Traffic Congestion Points to Improving Economy

If increased traffic along the nation’s highways is a accurate indicator of increased commerce and an improving economy, then things are better overall than they were the same time a year ago according to one firm, Inrix, which monitors traffic congestion.

August 26, 2013

Economic Watch: Durable Goods Orders and Shipments Drop in July

New orders for long-lasting durable goods in the United States took a dive in July.

August 23, 2013

Economic Watch: Two Out of Three Reports Show Growth

Three important economic reports rolled in the past few days, with a split decision over sales of homes, while a third one measuring where the overall economy is headed shows continued growth and possibly greater economic strength.

August 20, 2013

Economic Watch: Freight Tonnage Index Strong Despite Drop

The amount of freight moved last month fell for the first time since April, according to newly released figures.

August 16, 2013

Economic Watch: Housing Starts Increase While Consumer Confidence Drops

U.S. housing starts in July jumped 5.9% in July from the month before due to strength in volatile multifamily construction.

August 15, 2013

Economic Watch: Industrial Production Flat, Inflation Tame, Housing Bright

A new report shows industrial production in the United States was at the same level in July as it was the month before. Meantime, a Labor Department report shows inflation is of little worry when it comes to the health of the economy.

August 13, 2013

Economic Watch: Retail Sales Increase, More Than 5% Higher from a Year Ago

Retail sales in the United States posted their fourth straight monthly increase. The pace for July rose less than the previous month's increase, but sales are well ahead of the level from a year ago.

July 26, 2013

Economic Watch: Latest Economic Numbers Hit Multi-Year Highs

While American’s are split on how President Obama is handling the economy, the latest numbers out show things are decidedly on the upswing, with increasing consumer confidence, rising home prices and steady job gains.

July 23, 2013

Freight Index Increases for Second Straight Month

The amount of freight moved in June moved barely higher after surging in May, but it still managed to hit a record high, according to the American Trucking Associations. But that partly reflects a heavier freight mix.

July 16, 2013

Economic Watch: Industrial Production, Consumer Prices and Homebuilder Confidence Rise

Industrial production in the United States has posted its largest increase in four months, according to the U.S. Federal Reserve. The overall performance matched a consensus estimate by economists surveyed by Bloomberg News, while the manufacturing number -- key to truck freight -- was better than expected.

July 15, 2013

Economic Watch: June Retail Sales Move Higher

Retail sales in the United States continue growing, according to new figures released by the U.S. Commerce Department, but not as much as many were hoping.

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