Economy

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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.

July 10, 2013

Import Freight Traffic Expected to be Slow in Summer, Pick up in Fall

Summer typically marks the doldrums of the import freight season, and this one will likely be no exception, but things are expected to pick up big time in the fall, according to the new Port Trucker forecast from the National Retail Federation.

July 10, 2013

No Change in FTR's Trucking Conditions Index for May

FTR's Trucking Conditions Index for May at 12.4 is unchanged from the previous month, continuing to reflect a positive environment for trucking -- one that, combined with the new hours of service regulations restricting capacity, should result in some higher rates.

July 10, 2013

DOT Report Shows Freight Shipments Higher in May Than April

The amount of freight carried by the for-hire transportation industry rose 1.2% in May from April, rising after a one-month decline, according to the U.S. Department of Transportation Freight Transportation Services Index.

July 8, 2013

Spot Market Freight Levels and Rates Bounce Back in June from May

While June was a better month than May for spot market freight, it still was nowhere as good compared to the same time a year ago. However, things are expected to improve, at least month-to-month.

July 2, 2013

Economic Watch: Factory Shipments and Orders Increase in May

Shipments and new orders for manufactured goods in the United States both headed higher in May, according to a new U.S. Commerce Department report, easing earlier fears this important sector to trucking and the economy might be in for tougher times.

July 1, 2013

Economic Watch: Construction Spending and Manufacturing Growing, Consumer Sentiment High

Overall construction spending in the United States during May rebounded sharply from the month before, thanks in part to an uptick in spending on public construction projects, while an other report shows manufacturing returned to expansion mode in June.

June 26, 2013

Economic Watch: More Traffic Congestion, Better Economy

If trucking is the lifeblood of the nation’s economy, then surprisingly, there is no reason for alarm if the arteries carrying those trucks seem a little clogged. Traffic information services provider Inrix reports traffic congestion rose nationally more than 9% in May, signaling the continued strengthening of the national economy.

June 26, 2013

Economic Watch: GDP Growth Revised Downward for First Quarter

The U.S. economy grew less in the first quarter of the year than previously estimated, thanks to lower consumer spending numbers and fewer exports, but the final GDP number is still an improvement over the previous quarter.

June 25, 2013

Economic Watch: Durable Goods, New Home Sales & Consumer Confidence Up

The first look by the federal government at orders and shipments of manufactured durable goods in May shows conditions continue improving. More good news came from the housing sector and in consumer confidence.

June 20, 2013

Economic Watch: Confidence, Existing Home Sales Move Higher, Navistar Stock Plummets

“Despite month-to-month volatility, the LEI’s six-month growth rate remains steady, suggesting that conditions in the economy remain resilient,” says Ataman Ozyildirim, economist at The Conference Board. “Widespread gains in the leading indicators over the last six months suggest there is some upside potential for economic activity in the second half of the year.”

June 19, 2013

Logistics Report: Get Used to the ‘New Normal’ of Slow Growth

Considering the implosion that occurred in the wake of the go-go years before 2007, the current condition of slow economic growth has a certain appeal, according to the author of a new State of Logistics Report.

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