Economy

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October 19, 2010

Economic Experts Look at Economy During ATA Session

This economic recovery looks very different in some aspects from the "typical" recovery as a recession - but some of those differences are actually helping trucking recover faster than the general economy. In a panel discussion on the state of the economy during the American Trucking Associations' annual management conference in Phoenix this week, ATA Chief Economist Bob Costello said he was taking a "glass half full" approach to his outlook.

October 14, 2010

Freight Index Fell 0.6 Percent in August

The Freight Transportation Services Index fell 0.6 percent in August from its July level, falling after two monthly increases, according to the U.S. Department of Transportation's Bureau of Transportation Statistics

October 13, 2010

Pulse of Commerce Index Declines for Second Consecutive Month

The Ceridian-UCLA Pulse of Commerce Index, which measures fuel sales as an economic indicator, fell .5 percent in September after falling 1 percent in August

September 30, 2010

FTR's Trucking Conditions Index Continues Upward Trend

FTR's Trucking Conditions Index edged higher in August to a reading of 2.3. The Trucking Conditions Index from Freight Transportation Research Associates is a compilation of factors affecting trucking companies. The August reading, which is the sixth consecutive reading in positive territory, reflects a healthy environment for trucking.

September 28, 2010

ATA Truck Tonnage Index up From Last Year, Down Month-to-Month

The American Trucking Associations' advance seasonally adjusted For-Hire Truck Tonnage Index fell 2.7 percent in August, which was the largest month-to-month decrease since March 2009. The index is up 2.9 percent compared to the same month a year ago

September 27, 2010

ATA Economist Predicts Supply Crunch Like Industry's Never Seen

Even though he doesn't expect the economy to grow very quickly, the American Trucking Associations' chief economist says we're heading into "a supply side story the likes of which we have probably never seen in our industry." The result will be higher rates, and the best drivers in demand like they've never been before

September 23, 2010

Chamber of Commerce Releases Indexes Connecting Infrastructure and Economy

The U.S. Chamber of Commerce released what it says is a first-of-it-kind annual index designed to look over time at how U.S. transportation infrastructure is serving the needs of the U.S. economy and business community

September 16, 2010

Freight Index Reports Highest August Spot Market Since 2005

TransCore's North American Freight Index achieved its highest level for the month of August since 2005. Spot market freight availability in August increased 75 percent over August 2009.

September 14, 2010

Decline in the Pulse of Commerce Index Signals Struggling Economy, but no Double-Dip

The Ceridian-UCLA Pulse of Commerce Index fell 1 percent in August, a disappointing number that closes out an erratic summer in the PCI. The decline indicates an economy that is struggling to move forward, following July's increase of 1.7 percent and June's drop of 1.9 percent

September 13, 2010

Economist: Don't Panic About Recovery; Trucking in for Good Times

Continued high unemployment and three quarters of less-than-3-percent GDP do not mean we are headed into a double-dip recession. In fact, things are looking very good for trucking in this recovery, said trucking economist Noel Perry, speaking at the McLeod Software User Conference in Birmingham, Ala., Monday. However, he said, carriers need to learn how to deal with a more volatile business environment

September 13, 2010

Trucker Profit Improvement Points to Continued Rebound in Commercial Vehicle Sector

A strong rebound in net margins for publicly traded truckload companies in the second calendar quarter is expected to fuel continued improvement in demand for heavy-duty vehicles and trailers, according to ACT Research Co

September 9, 2010

Sideways Growth For Now, But Capacity Tightening

Economic growth and freight volumes have been decelerating and will likely move sideways for the next few months, until a hoped-for change in the composition of Congress in November reassures businesses enough to start investing and hiring again. But truckload capacity is tight and will continue to tighten, and we're on the cusp of improved pricing. That was the message of transportation analysts with Stifel Nicolaus in its annual "Shaking the Sand Out" conference call Thursday

September 9, 2010

FTR's Trucking Condition Index Expected to Remain in Positive Territory

Transportation forecasting group FTR Associates reports its Trucking Condition Index, at 0.8 for July and reported in the September Trucking Update, is expected to remain in positive territory for the remainder of the year

September 3, 2010

U.S. Unemployment Relatively Unchanged From July

The U.S. lost 54,000 jobs in August, raising the unemployment rate slightly to 9.6 percent from July's 9.5 percen

September 2, 2010

Productivity Fell 1.8 Percent in Second Quarter

Productivity slipped 1.8 percent during the second quarter of 2010, according to a U.S. Bureau of Labor Statistics report

September 2, 2010

August Already Shows Signs of Growth in Manufacturing

Manufacturing activity rebounded in August, with the Institute for Supply Management's index of manufacturing activity (PMI) increasing to a reading of 56.3, compared to 55.5 in July

August 25, 2010

Durable Goods Orders Return to Growth

After falling for two straight months, new orders for manufactured durable goods gained 0.3 percent to $193 billion in Jul

August 20, 2010

PPI, Leading Economic Index Inch Up

The Producer Price Index for Finished Goods inched up 0.2 percent in July, according to the U.S. Bureau of Labor Statistics

August 20, 2010

MAPI Report: Manufacturing to Grow Faster Than Overall Economy

Manufacturing production is expected to grow by 5.7 percent in 2010 and 4.7 percent in 2011, according to a report recently released by the Manufacturers Alliance/MAPI

August 18, 2010

Industrial Production Sees More Promising Growth in July

The month of July showed more promising industrial production figures, with growth of 1 percent over Jun

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