Economy

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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.

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.

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