Economy

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November 18, 2009

Freight Recovery Most Likely Headed For Elongated 'U' in 2010

During an interactive session at the 2009 Intermodal Expo and TransComp in Anaheim, Calif., this week, 44 percent of the audience said they expect the economic recovery to play out in a "U" shape, or a slow upturn. Meanwhile, 26 percent anticipate a "W" shape, or a double dip in economic activity. For the most part, panelists agreed with the audience and expect an elongated "U,"

November 13, 2009

Despite Stimulus, Transportation Contractors Don't See a Bright 2010

Despite the fact that nearly 70 percent of transportation contractors received stimulus-funded contracts work this year, most transportation contractors are not optimistic about the economic conditions, and about 77 percent expect the construction market to drop in 2010

November 6, 2009

FTR: We're on the Bottom, But Where Do We Go From Here?

"We really have reached a bottom, and that's a good thing." "We think the economy is starting to improve." These are just a few of the promising phrases listeners heard from Eric Starks, president of FTR Associate

October 29, 2009

Economic Signs Point to a Recovery

Recent economic indicators point to some positive reinforcement that we're coming out of the recession, including news of the gross domestic product rising 3.5 percent in the third quarte

October 2, 2009

Durable Goods Shipments Fall After Hopeful Two Months

Shipments in manufactured durable goods were disappointing in August, with a 1.4 percent drop from July, following a two-month uptick in shipment

October 1, 2009

U.S. Economy Dips Less Than Expected in 2Q

The U.S. Gross Domestic Product during the second quarter was not as bad as previously thought, with a 0.7 percent decline, compared to the 1 percent decrease forecasted in Augus

September 30, 2009

NAFTA Land Trade Down 28 Percent From July 2008

North American surface transportation trade was down 28 percent in July 2009 from the year-ago perio

September 1, 2009

U.S. Manufacturing Shows First Sign of Growth in 18 Months

The manufacturing industry has started to show improvement for the first time in 18 month

August 31, 2009

NAFTA Surface Trade Down for Sixth Straight Month

North American surface transportation trade was down 31.5 percent in June 2009 from the year-ago perio

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

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