Economy

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July 22, 2014

Economic Watch: Consumer Prices Gain Less, Existing Home Sales Best Since October

Consumer prices rose again in June, but the pace was less than it was the month before, according to the U.S. Labor Department.

July 18, 2014

Cass Truckload Linehaul Index Rises, Intermodal Retreats

Truckload linehaul rates paid by North American shippers in June were 5.2% higher than in June of last year, according to the latest Cass Truckload Line Index released Friday.

July 17, 2014

Economic Watch: Housing Starts Fall, Federal Reserve Says Economy Expanding

Housing starts in the U.S. fell 9.3% in June, the second consecutive monthly decline, according to the U.S. Commerce Department, pushing the annual rate down to 893,000, the weakest showing since last September.

July 16, 2014

Economic Watch: Wholesale Prices, Industrial Production, Home-Builder Confidence Advance

Prices at the wholesale level rose 0.4% in June from the month before, according to new U.S. Labor Department figures, following a 0.2% decline in May and a 0.6% advance in April.

July 15, 2014

Economic Watch: June Retail Sales Gain Only 0.2%

Retail sales increased in June, according to a new Commerce Department report, but the gain was far less than analysts were expecting.

July 14, 2014

Virginia Ports Handle Record Amount of Cargo

The Port of Virginia set a new mark for volume in fiscal 2014, handling more than 2.3 million twenty-foot equivalent units in the twelve months ending June 30, eclipsing the previous fiscal year record by 140,476 TEUs.

July 14, 2014

Trucking Conditions Index Declines Slightly

FTR’s Trucking Conditions Index in May, at a reading of 5.74, reflects some headwinds affecting truck fleet results, according to this latest report from the transportation forecasting firm.

July 10, 2014

DOT Freight Index Hits Another Record High

The amount of freight carried by the for-hire transportation industry rose 0.6 percent in May from April, rising for the fourth consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Thursday.

July 8, 2014

Freight Expenditures Hit Record High During June

The freight logistics sector continued to strengthen in June, with both shipment volumes and expenditures rising once again, according to the Cass Freight Index.

July 7, 2014

Intermodal Rail Traffic Continues Setting Records

After hitting record high levels for two straight weeks, intermodal rail traffic set another new record during June.

July 3, 2014

Economic Watch: Employment Numbers Signal Strengthening Economy

Employers added 288,000 jobs in June, 17,000 of them in the transportation and warehousing arena, and the unemployment rate fell to 6.1%. That's well above the rate of hiring in the first five months of the year, a sign the economy continues to rebound.

July 2, 2014

Independence Day Holiday Travel Expected to Jump Over Last Year

Expect the highways to be more crowded this Independence Day weekend that they were last year and compared to the recent Memorial Day holiday.

July 1, 2014

Economic Watch: Manufacturing Up for 13th Month in a Row

Economic activity in the manufacturing sector expanded in June for the 13th consecutive month, and the overall economy grew for the 61st consecutive month, according to the Institute for Supply Management.

June 27, 2014

Rail Intermodal Traffic Posts Second Straight Weekly Record High

This was the highest week in history for total U.S. intermodal volume, topping the previous record set last week, reaching 272,553 units, up 7.8% compared with the same week last year.

June 27, 2014

Study Lays Out Consequences of West Coast Port Strike as Deadline Looms

As negotiations continue for a new contract agreement covering 13,600 dockworkers at 30 ports stretching from San Diego, Calif., to Bellingham, Wash., a new shows the U.S. economy could lose as much as $2.5 billion a day if a prolonged West Coast port shutdown occurs.

June 26, 2014

U.S.-NAFTA Truck Trade Posts April Increase

Two of five transportation modes, pipeline and trucks, carried more U.S.-North American Free Trade Agreement trade in April 2014 than in April 2013 as the value rose to $100.1 billion, according new U.S. Transportation Department figures.

June 25, 2014

Economic Watch: GDP Posts Biggest Drop Since Great Recession

UPDATED -- The U.S. economy shrank at its steepest rate in the first quarter of the year since first quarter of 2009, amid the Great Recession, according to a new estimate from the Commerce Department.

June 23, 2014

U.S. Intermodal Rail Traffic Hits Weekly Record High

The Association of American Railroads reported increased U.S. rail traffic for the week ending June 14, with 295,132 total carloads, up 2.2% compared with the same week last year. This was the highest week in history for total U.S. intermodal volume, reaching 270,243 units.

June 19, 2014

Economic Watch: Leading Indicators Rise, Fed Dampens 2014 Expectations

A measure of the health of the nation’s economy shows it has increased again, while concerns linger by the Federal Reserve about economic growth for the remainder of the year.

June 18, 2014

Truckload Linehaul, Intermodal Costs Higher Than a Year Ago

Compared to the same time last year, truckload linehaul costs in May averaged 5.8% higher, an increase that is consistent with those of 5.7% in April and 6% in March, according to the latest Cass Truckload Linehaul Index.

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