Economy

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April 28, 2015

Vieth: Private Fleets Sitting Pretty

At the National Private Truck Council annual meeting, economist Kenny Vieth declared private fleets are now “sitting in the catbird seat” because they are “poised for growth” as the economy keeps gaining speed and freight volumes keep rising.

April 28, 2015

Economic Watch: Consumer Confidence Lowest Since December

A measure of U.S. consumer confidence fell in April, its biggest drop since October 2013 and the lowest level in four months.

April 27, 2015

Economic Watch: Services Sector Growth Eases

Growth in the U.S. service sector during April eased from a seven-month high in March, according to the financial information services provider Markit, but numbers still point to strong start to the second quarter.

April 24, 2015

Economic Watch: Durable Goods Orders Increase, Key Indicator Down Again

Orders for big ticket, long lasting durable goods increased 4% in March, the biggest gain in eight months, but a key indicator of business investment fell for the second consecutive month.

April 23, 2015

Economic Watch: New Homes Sales Mixed, Manufacturing Slows

Sales of new homes in the U.S. during March fell the most in more than 18 months following three straight monthly gains, according to the Commerce Department.

April 23, 2015

Trucks Move More U.S.-NAFTA Freight, Overall Level Declines

Freight movements between the U.S. and Canada and Mexico fell in February, hitting its lowest level in terms of value since 2011, according to new U.S. Transportation Department figures.

April 22, 2015

Economic Watch: Existing Home Sales Spike in March

Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.

April 17, 2015

Economic Watch: Inflation, Leading Indicators, Consumer Sentiment Increase

Consumer prices moved up for the second straight month in March after falling during much of the winter, but remain at their lowest level in years.

April 16, 2015

Economic Watch: Housing Starts Post 2% Gain in March

Nationwide housing starts rose 2% in March, hitting an annual rate of 926,000 units, but it's not as much as many analysts were hoping.

April 15, 2015

Economic Watch: Industrial Production Weakens, Homebuilder Optimism Up

For the first quarter of 2015 this measure of the total activity at the nation’s factories, mines and utilities declined at an annual rate of 1%, the first quarterly decrease since the second quarter of 2009.

April 14, 2015

Cass Freight Index Shows Increasing Shipments, Spending

North American freight volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports, according to the latest readings of the Cass Freight Index.

April 14, 2015

Economic Watch: March Wholesale Prices, Retail Sales Move Higher

Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.

April 7, 2015

Freight Outlook Good Despite Some Weaknesses

While some may complain that truck freight levels haven’t taken off like a rocket since the end of the Great Recession, the fact is they have posted solid improvements, according to Jonathan Starks of the freight forecasting firm FTR -- and could be headed for a new peak.

April 6, 2015

Cross-Border Truck Freight Rises in January

The amount of freight moved between the U.S. and its North American Free Trade Agreement neighbors of Canada and Mexico totaled $89.3 billion in January, according to U.S. Transportation Department figures, down 1.2% from a year earlier,

April 6, 2015

Economic Watch: Service Sector Continues Expanding

Two reports released Monday show the nation’s service sector continues increasing, albeit at different rates.

March 23, 2015

Truckload Rates Improving, Intermodal Falling

A measure of freight rates in one trucking sector improved in February over the past year, but declined from the month before.

March 23, 2015

Economic Watch: Existing Home Sales Increase Slightly

Existing-home sales in the U.S. increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors on Monday.

March 20, 2015

Economic Watch: Construction Starts up 34% in First Two Months of 2015

Construction starts in the U.S. posted healthy gains in February compared to the month before and the same time in 2014, according to a new report from the construction industry data provider Dodge Data and Analytics.

March 19, 2015

Economic Watch: Leading Indicators Rise, Interest Rates Staying Put

A look at where the U.S. economy is headed in the next three to six months showed another rise, according to a new report from the private research group The Conference Board.

March 18, 2015

U.S. Freight Movements with Canada, Mexico Increase 4.5% Last Year

The value of freight moved between the U.S. and its North America neighbors increased 4.5% in 2014 compared to a year earlier, while over the longer term trucking has some lost market share to other transportation modes.

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