Economy

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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.

June 17, 2014

ATA Truck Tonnage Index Reflects Broad-Based Gains (With Video)

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1% in May and saw its second largest year-over-year increase in 2014 thus far.

June 17, 2014

Logistics Report Predicts ‘Banner Year’

This is going to be a banner year for the logistics industry, says Rosalyn Wilson in the 25th Annual State of Logistics Report. The economy last year was not stellar and business inventories plummeted in the first period this year as a consequence of bad weather, but freight is gaining now, Wilson says in a Tuesday presentation at the National Press Club.

June 16, 2014

Economic Watch: Industrial Production Rebounds, Homebuilder Optimism Grows

UPDATED -- U.S. industrial production rose 0.6% in May after having declined 0.3% in April, according to a new Federal Reserve report. The decrease in April was previously reported to have been 0.6%.

June 13, 2014

Economic Watch: Wholesale Prices Fall, Consumer Sentiment Dips

Prices at the wholesale level declined in May for the first time in three months, according to new U.S. Labor Department figures, while a separate report shows consumer sentiment fell slightly but is relatively stable.

June 12, 2014

Economic Watch: Retail Sales Increase for Fourth Straight Month

Retail sales in the U.S. increased for the fourth consecutive month during May increasing 0.3% from the month before and 4.3% from the level the same time a year earlier.

June 11, 2014

DOT Freight Index Near All-Time High

The amount of freight carried by the for-hire transportation industry rose 0.4% in April from March, increasing for the third consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Wednesday.

June 9, 2014

Cass Freight Index Increases, Shipment Volume Highest Since 2011

North American freight shipments and expenditures continued to buck the historic trend and increased again in May, according to the latest Cass Freight Index.

June 6, 2014

Economic Watch: U.S. Employment Grows by 217,000, Trucking Adds 1,500 Jobs

Four consecutive +200k monthly non-farm payroll reports is impressive, but it will take more than headline improvement to thrust the economy above current trend growth. Employment gains thus far have not yet led to wage pressures. Without adequate income growth, the consumer remains limited in spending capacity, which is restraining near-term growth prospects.

June 4, 2014

Economic Watch: Fed's June Beige Book Report says Economy Expanded In All Districts

Manufacturing activity expanded throughout the nation with a notable improvement along the East Coast. Growth was particularly strong for several Distracts related to motor vehicles, aerospace, and metals. Both non-residential construction activity and commercial real estate markets were generally steady to stronger since the last report.

June 4, 2014

Economic Watch: April Factory Orders, Construction Spending Rise

New orders for manufactured goods were up for the third consecutive month in April, rising 0.7% to $499.8 billion. April was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.5 percent March increase.

May 30, 2014

Economic Watch: Consumer Spending, Sentiment Decline

The 0.1% drop in personal consumption expenditures follows an upwardly revised 1% increase during March, which was the largest gain since August 2009 and is the first decline in a year.

May 29, 2014

Trucking Increases Share with U.S.-NAFTA Trade Hike

U.S. trade with its next-door neighbors totaled $101.5 billion in March 2014, the second highest amount on record, as four of five transportation modes carried more freight than the same time a year ago, according to new U.S. Transportation Department report.

May 29, 2014

Economic Watch: First Quarter GDP Falls 1%, Jobless Claims Hit 2007 Level

UPDATED -- The broadest measure of American economic health shows it throttled back in the first quarter of the year, according to the U.S. Commerce Department.

May 27, 2014

Economic Watch: Durable Good Orders Up, Shipments Fall; Consumers Upbeat

UPDATED: Shipments for these items designed to last three years or more fell 0.2% from March, following a 1.3% gain. The decline was led by a 1% drop in transportation shipments.

May 23, 2014

South Carolina Ports Have Best Month Since May 2008

The increase in pier containers pushed fiscal year 2014 volumes up by 5.5% year-over-year. April's pier container volume represented a 12.3% increase over April 2013 and a 21.7% increase over April 2012.

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