Economy

61  -  80  of  1698

June 20, 2016

Slow Economy Reflected in Lower Freight Shipments, Spending

Although North American freight shipments continued to climb in May, they are still well below those of the last several years, and expenditures for freight fell for the third time in five months, according to the latest Cass Freight Index Report.

June 16, 2016

Fleets Answer the Question, 'How's Business?'

After enduring a bruising first quarter that saw falling profits at many fleets, it comes as no surprise that in a second quarter survey of business conditions fleet executives are feeling a bit down.

June 16, 2016

Economic Watch: Consumer Prices Rise, Inflation Within Fed Target

Retail prices inched up again in May, while a closely watched measure of inflation by the U.S. Federal Reserve remains slightly above a level that sets the stage for an interest rate hike later this year.

June 15, 2016

Economic Watch: Industrial Production Falls, Wholesale Prices Up

A decline in manufacturing activity helped push down the amount of output from the nation’s factories, mines and utilities in May, while prices at the wholesale level moved higher for the second straight month, according to economic reports released Wednesday.

June 14, 2016

Economic Watch: Retail Sales Post Another Solid Gain

U.S. retail sales rose a stronger-than-expected 0.5% in May from the month before, building on a strong April gain, which could lead to better expectations of overall second quarter economic growth.

June 6, 2016

Daimler Trucks to Cut 1,240 Jobs

DTNA has announced a workforce reduction across its North American production facilities, laying off about 1,240 workers in response to sustained reductions in truck orders.

May 27, 2016

Trucking Sees Smallest Decline In Cross-Border Freight Flows

Trucking and four other transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in March 2016 compared to a year earlier, according to a new Transportation Department report.

May 27, 2016

Economic Watch: GDP Growth Improves, Still Weak; Consumers Happy

Despite the nation’s gross domestic product in the first quarter of the year moving higher than first thought, growth remains at its lowest level since the first quarter of 2015, according to a Commerce Department report released Friday. Yet a separate survey shows this has yet to damper consumers’ feelings.

May 26, 2016

Economic Watch: Business Investment Still Weak, Durable Goods Orders Jump

Orders for long-lasting manufactured durable goods surged in April, but the hike is a bit deceptive if you don’t dig below the surface of Commerce Department numbers.

May 24, 2016

Economic Watch: Manufacturing Weakens More, New Home Sales Jump

The U.S. manufacturing sector crept closer to contracting in May, while new homes sales in April hit their highest level in more than eight years.

May 17, 2016

Economic Watch: Retail Inflation, Industrial Production Rebound

Retail prices in the U.S. posted their biggest gain in three years during April, while industrial production increased the most in more than a year, as e-commerce and housing starts remain healthy.

May 16, 2016

Earnings Watch: Radiant Logistics Moves Into the Red

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. reported on Monday afternoon it swung from a profit to a loss in the first quarter of the year despite a 54.2% increase in net revenue.

May 16, 2016

Freight Shipments, Rates Well Below Year Earlier Levels

The amount of North America freight shipments and freight spending remain below levels from a year ago despite monthly gains, according to the latest Cass Freight Index report, and there is a concern conditions could get worse.

May 13, 2016

Economic Watch: Retail Sales, Consumer Sentiment Improve; Wholesale Inflation Returns

One of the biggest drivers of the American economy is showing renewed signs of life as consumers seem to be more upbeat following a sluggish first quarter. However, an economic drag on trucking remains stubbornly high as prices at the wholesale level turned slightly higher.

May 11, 2016

For-Hire Freight Measure Falls to Lowest Level in Two Years

The amount of freight moved by the nation’s entire for-hire transportation industry declined for the second straight month in March, hitting its lowest level since March 2014, according to U.S. Transportation Department figures released on Wednesday.

May 10, 2016

Feds Predict Higher Fuel Price Increases

Federal officials have raised their expectations for diesel and gasoline prices this year and are predicting even larger hikes coming for 2017, according to a new report from the U.S. Department of Energy.

May 6, 2016

The Inventory Thorn in Trucking's Side

For many trucking companies business has slowed, and recent numbers bear this out, both in first-quarter earnings reports as well as in broader statistics.

May 3, 2016

Earnings Watch: Accuride Losses Widen, Cummins Profit Declines

Lower North American truck sales led to lower financials compared to a year ago for two Indiana-based companies.

May 2, 2016

Economic Watch: Manufacturing Remains Weak, Construction Strong

Two new readings of the U.S. manufacturing sector for April show the second quarter began with a slowdown in production and new business growth, while a separate report indicates construction activity is booming.

April 29, 2016

Earnings Watch: ABF Parent ArcBest Moves to a First Quarter Loss

The parent to less-than-truckload carrier ABF Freight moved into the red in the first quarter of the year, according to its earnings report released Friday, as many other companies are also reporting weaker performances compared to a year ago

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

Sleeper Cab Power Experts

The expert, Steve Carlson from Xantrex, will answer your questions

View All

GotQuestions?

Transmissions

The expert, Brian Fletcher from Eaton, will answer your questions

View All