Economy

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April 17, 2017

Earnings Watch: J.B. Hunt First Quarter Profit Inches Higher

The first quarter earnings reporting season for trucking kicked off on Monday morning when multi-modal freight transportation provider J.B. Hunt Transportation Services Inc. released numbers showing slight improvements from the same time a year ago.

April 14, 2017

What, Me Worry About Higher Interest Rates?

What does last month's interest rate hike by the Fed mean to trucking? Evan Lockridge explores the question in his monthly HDT Econ Watch column.

April 14, 2017

Economic Watch: Retail Sales Ease as Consumer Prices Drop Slightly

Retail sales fell for the second straight month during March, according to the Commerce Department on Friday. Separate reports showed consumer prices declined – but there are expectations that retail imports will continue to grow as the overall economy expands.

April 12, 2017

For-Hire Freight Shipments Hit New Record High

A measure of U.S. for-hire freight movements set another record high in February, according to new Transportation Department figures released Wednesday, following no change the month before.

April 7, 2017

Economic Watch: Trucking Helps Push Unemployment to Near 10-Year Low

While the number of jobs added in the U.S. slowed dramatically during March, trucking supplied a big part of the gain, according to Labor Department figures released Friday, helping push the unemployment rate down to almost a 10-year low.

April 5, 2017

Economic Watch: Private Employment Jumps, Service Sector Growth Slows

Private sector employers in the U.S. added the most jobs during March in more than two years, according to figures released Wednesday, while a separate reported showed economic activity in the service sector has eased a bit.

April 4, 2017

Economic Watch: Factory Orders, Trade Deficit Improve; Auto Sales Drop

Despite a possible sign auto sales may have plateaued, several economic reports this week continue to look strong, including factory-made goods and the U.S. trade deficit.

April 3, 2017

Economic Watch: Manufacturing Growth Slows; Construction Hits 11-Year High

Two indicators show that while the manufacturing sector of the economy continued to grow in March, its rate of growth was slower than the month before. Meanwhile, a separate report showed construction spending rebounded to a level that’s the highest in more than a decade.

March 27, 2017

Optimism Spurs Increased Heavy-Duty Truck Sales Predictions

There was a sense of optimism in the air at the Mid-America Trucking Show in Louisville, Kentucky, last week. As truck makers and suppliers made their presentations to the trucking press, many said thanks to solid economic indicators, truck orders are higher than they would have predicted just three to six months ago.

March 24, 2017

Schneider National Goes Public With IPO Announcement

Schneider National announced the launch of its initial public offering of 28,947,000 shares of Class B common stock at an anticipated price of $18-$20 per share valued at up to $580 million.

March 24, 2017

Economic Watch: Latest Readings Show Mixed Results, Lower Expectations

Orders for long-lasting durable goods increased more than expected last month while a snapshot of manufacturing activity showed it slowed this month and there were mixed results for housing during February, according to four new economic reports.

March 23, 2017

Cross-Border Freight Value Up for Third Straight Month

The year started out with trucking and the other four major transportation modes carrying more freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in January than compared to a year earlier, according to new Transportation Department figures.

March 16, 2017

ATA Announces First Economic Summit

American Trucking Associations is launching an Economic Summit that will bring together chief economists from several trade associations for an outlook on each speaker's industry and how it could impact trucking.

March 15, 2017

Economic Watch: Fed Pushes Interest Rates Higher Amid Improving Signs

The Federal Reserve on Wednesday increased the nation’s benchmark interest rate for the third time since its first hike in nearly a decade in December 2015, amid evidence of a steady economy and indications of more interest rate increases later this year.

March 13, 2017

Analysis: Mining for Economic Gold

There are largely overlooked nuggets of information buried in the numbers about the economy and trucking that could be the most telling sign of where conditions are headed, writes Evan Lockridge in his Econ Watch column from the March issue of Heavy Duty Trucking magazine.

March 10, 2017

Economic Watch: Trucking Helps Boost Overall Employment Ahead of Fed Meeting

Job growth in the U.S. posted another healthy gain in February, according to a new Labor Department report, leading many analysts to predict an interest rate hike by the Federal Reserve when it meets next week.

March 8, 2017

For-Hire Freight Movements Remain Steady

While the amount of freight moved by the nation’s for-hire transportation sector was unchanged in January from December, according to a new Transportation Department report, it did manage a slight increase from the same time a year ago.

March 6, 2017

Economic Watch: Rising Factory Orders Latest Indicator of Interest Rate Hike

An increase in new factory orders is one of the latest economic signs that the Federal Reserve is moving close to another jump in interest rates, some analysts believe.

March 1, 2017

Economic Watch: Manufacturing Keeps Surging as Construction, Personal Spending Slip

Economic activity in the nation’s manufacturing sector continued expanding in February, according to two surveys of the nation’s purchasing managers. One report shows conditions are the best in two years while the other indicates things are slightly cooler than they were at the beginning of 2017.

February 28, 2017

Economic Watch: GDP Performance Unchanged; Durable Goods Rebound

The widest measure of the nation’s economy performed as first estimated in the final quarter of last year despite a jump in consumer spending, according to a new assessment released Tuesday. Meanwhile, orders for long-lasting durable goods rebounded somewhat in January.

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