Economy

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May 6, 2015

First Quarter Intermodal Shipments Increase 2 Percent

Total intermodal shipments in the U.S. and Canada rose 2% over last year’s first quarter volumes despite port congestion issues that impacted international container traffic, according to new figures from the Intermodal Association of North America.

May 5, 2015

Economic Watch: Service Sector Builds Momentum, Trade Deficit Up

Economic activity in the nation’s service sector increased in April, according to two reports released on Tuesday.

May 4, 2015

Economic Watch: Factory Orders Increases Most in 8 Months

New orders and shipments of factory made goods turned around in March, according to a new Commerce Department Report released Monday.

May 1, 2015

Economic Watch: Manufacturing Growth Slows, Consumers Optimistic

The level of manufacturing in the U.S. was unchanged in April compared to the month before, according to a new survey of the nation’s purchasing managers.

May 1, 2015

YRC Worldwide Reduces First Quarter Loss

Trucking operator YRC Worldwide Inc. cut some of its losses the first quarter of the year, but was still $21.6 million in the red.

April 29, 2015

Economic Watch: GDP Growth Slows Dramatically

The pace of economic growth in the U.S. slowed dramatically in the first quarter of the year, according to the first estimate from the Commerce Department. Economists disagree whether bad weather and port problems are largely to blame.

April 28, 2015

Vieth: Private Fleets Sitting Pretty

At the National Private Truck Council annual meeting, economist Kenny Vieth declared private fleets are now “sitting in the catbird seat” because they are “poised for growth” as the economy keeps gaining speed and freight volumes keep rising.

April 28, 2015

Economic Watch: Consumer Confidence Lowest Since December

A measure of U.S. consumer confidence fell in April, its biggest drop since October 2013 and the lowest level in four months.

April 27, 2015

Economic Watch: Services Sector Growth Eases

Growth in the U.S. service sector during April eased from a seven-month high in March, according to the financial information services provider Markit, but numbers still point to strong start to the second quarter.

April 24, 2015

Economic Watch: Durable Goods Orders Increase, Key Indicator Down Again

Orders for big ticket, long lasting durable goods increased 4% in March, the biggest gain in eight months, but a key indicator of business investment fell for the second consecutive month.

April 23, 2015

Economic Watch: New Homes Sales Mixed, Manufacturing Slows

Sales of new homes in the U.S. during March fell the most in more than 18 months following three straight monthly gains, according to the Commerce Department.

April 23, 2015

Trucks Move More U.S.-NAFTA Freight, Overall Level Declines

Freight movements between the U.S. and Canada and Mexico fell in February, hitting its lowest level in terms of value since 2011, according to new U.S. Transportation Department figures.

April 22, 2015

Economic Watch: Existing Home Sales Spike in March

Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.

April 17, 2015

Economic Watch: Inflation, Leading Indicators, Consumer Sentiment Increase

Consumer prices moved up for the second straight month in March after falling during much of the winter, but remain at their lowest level in years.

April 16, 2015

Economic Watch: Housing Starts Post 2% Gain in March

Nationwide housing starts rose 2% in March, hitting an annual rate of 926,000 units, but it's not as much as many analysts were hoping.

April 15, 2015

Economic Watch: Industrial Production Weakens, Homebuilder Optimism Up

For the first quarter of 2015 this measure of the total activity at the nation’s factories, mines and utilities declined at an annual rate of 1%, the first quarterly decrease since the second quarter of 2009.

April 14, 2015

Cass Freight Index Shows Increasing Shipments, Spending

North American freight volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports, according to the latest readings of the Cass Freight Index.

April 14, 2015

Economic Watch: March Wholesale Prices, Retail Sales Move Higher

Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.

April 7, 2015

Freight Outlook Good Despite Some Weaknesses

While some may complain that truck freight levels haven’t taken off like a rocket since the end of the Great Recession, the fact is they have posted solid improvements, according to Jonathan Starks of the freight forecasting firm FTR -- and could be headed for a new peak.

April 6, 2015

Cross-Border Truck Freight Rises in January

The amount of freight moved between the U.S. and its North American Free Trade Agreement neighbors of Canada and Mexico totaled $89.3 billion in January, according to U.S. Transportation Department figures, down 1.2% from a year earlier,

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