Economy

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August 28, 2009

Smaller GDP Drop Positive Sign

Real Gross Domestic Product, the output of goods and services produced by labor and property in the U.S., dropped at an annual rate of 1 percent in the second quarter of 2009, a much smaller decrease from the first quarte

August 26, 2009

Boost in Durable Goods Shipments Offers Hope For Trucking

Shipments of manufactured durable goods were up $3.5 billion, or 2 percent, to $173.1 billion in July, following a 0.7 percent boost in Jun

August 26, 2009

Truck Tonnage Rises 2.1 Percent in July

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index was up 2.1 percent in July, raising the index to 101.

August 23, 2009

Economist: Recession Expected to End This Quarter

An economist speaking to trucking executives last week said three different panels of economists believe the recession will end this quarter. A monthly survey of 51 economists published earlier this month by Blue Chip Economic Indicators say the Gross Domestic Product, the measure of the nation's economic activity, will turn positive in the third quarter

August 17, 2009

Bibby Transportation Assists the Trucking Industry

Bibby Transportation Finance, a subsidiary of Bibby Financial Services, has provided $2.7 million in new credit facilities in June and July to help small- and medium-sized trucking companie

July 30, 2009

Surface Trade With Canada and Mexico Down 35.4 Percent

Land transportation trade between the U.S., Canada and Mexico in May was down 35.4 percent from May 2008, the largest decline from the same month of the previous year on recor

July 27, 2009

ATA Truck Tonnage Index Down 2.4 Percent In June

American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index fell 2.4 percent in June

July 24, 2009

Carriers Less Pessimistic About Third Quarter

More trucking companies are not looking back on the first two quarters of this year, as pessimism in the industry subsides somewha

July 23, 2009

ATA Economist: There Are Signs of Life in the Desert

It's been a steep downhill slide, the worst in decades, and recovery will be slow, but there are indications that we are approaching the bottom, says Bob Costello, chief economist for the American Trucking Associations. "We are just starting to see signs of economic life," Costello said Thursday by way of introduction to a Web-based overview of the outlook for the economy and trucking in particular

July 13, 2009

Economic Analysts Tell Refrigerated Carriers Recovery Will Be Gradual

Cautious would be the word to summarize Bob Costello's comments on the economy at last week's meeting of the Refrigerated Division of the Truckload Carriers Association. Perhaps even cautiously optimistic. Costello is the American Trucking Associations' chief economist. He complimented the refrigerated haulers on being less affected by the economic downturn than other fleets, a direct consequence of people's need to eat no matter the general state of the economy.

July 7, 2009

Commercial Vehicle Rebound Predicted to Begin in 2010

The market for commercial vehicles is expected to pick back up in 2010 as the economy trends up, according to the latest report from Polk & Co. In the July issue of "Polk View," "The Future of the U.S. Commercial Vehicle Market," the automotive market intelligence company predicts sales will rebound after the housing market bottoms out

July 6, 2009

Carriers See Modest Economic Improvement

Truckload carriers had a somewhat rosy outlook on the state of the economy and expect things to improve in the coming month

June 29, 2009

Heavy-Duty Orders Recovering Slowly

Sales for heavy-duty commercial vehicles are seeing a slow recovery as expecte

June 26, 2009

Truck Tonnage Index on the Rise

The American Trucking Associations' advance seasonally adjusted For-Hire Truck Tonnage Index jumped 3.2 percent in May, the first increase since February

June 16, 2009

UPS Chief: Global Trade Key to Emerging from Recession

Global trade is key to getting out of the current recession, according to the chairman and CEO of UPS, Scott Davis

June 10, 2009

Truckers Have Rosy Economic Outlook

Truckers expressed a hopeful outlook on the future of the economy in a recent survey.

May 31, 2009

FTR Economist Sees Bottom of Freight Recession

The longest freight recession since WWII looks like it's hitting bottom, according to a noted trucking economist. And that's good, because you have to hit bottom before you can start going back up

May 26, 2009

Truck Tonnage Index Falls Again, to Lowest Since 2001

The American Trucking Associations' advance seasonally adjusted For-Hire Truck Tonnage Index fell 2.2 percent in April, after plunging 4.5 percent in March

May 17, 2009

Freight Index Fell 3.3 Percent in March from February

The federal Freight Transportation Services Index fell 3.3 percent in March from its February level, falling to its lowest level in more than six years, the U.S. Department of Transportation's Bureau of Transportation Statistics reported

May 13, 2009

Small Parts Suppliers In Serious Danger, Congress Hears

The credit crisis and its devestating effects on the nation's vehicle builders has also injured thousands of small parts suppliers, and many could fail, one of their executives told Congress yesterday

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