Economy

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November 24, 2001

Economic News Is Improved

There’s some better news about the American economy and for trucking the effects will be positive

November 19, 2001

Specialty Truck Markets Struggle to Sustain Growth

The current U.S. economic slowdown will restrain demand for some medium- and heavy-duty specialty trucks, but trucks that serve the basic needs of municipalities will help prevent significant loss of market share

November 19, 2001

Housing Starts Fall In October

Housing continues to prop up the rest of the economy

November 16, 2001

Industrial Production Continues Drop

Industrial production in the United States continues to decline

November 14, 2001

Retail Sales Skyrocket

Retail sales were much better than expected in October

November 9, 2001

Wholesale Prices Plunge, Trucking May See Some Benefits

Prices at the wholesale level in October fell by their largest amount in 12 years. The U.S. Labor Department reported today its Producer Price Index fell 1.6%, an unusually large decline, but this may translate into good news for trucking

November 7, 2001

Sales At Wholesale Level Drop Along With Inventories

The latest figures show sales at the wholesale level dropped during September while inventories eased a bit

November 6, 2001

Fed Lowers Interest Rates Again

The Federal Reserve today decided to lower interest rates for the 10th time this year

October 31, 2001

GDP Posts Biggest Drop Since 1991

The American economy is on the edge of officially being in a recession. On Wednesday the U.S. Commerce Department released news that the Gross Domestic Product through the third quarter of the year contracted at an annual rate of 0.4%

October 30, 2001

Consumer Confidence Takes A Nosedive

Consumer confidence has been counted on as being a key element to keep the U.S. economy from heading further south, but now it appears to be eroding, too

October 25, 2001

Economic Reports Show Effects Of Terrorist Attack

Even though the latest economic reports paint a picture of a dismal economy, there is some evidence that the full shock of the terrorist attacks to the economy was absorbed during September

October 24, 2001

Overnite CEO Predicts No Recovery Until 2003

Look for more closures and mergers in the trucking industry, and don’t look for a recovery to begin until 2003. That’s the prediction of Overnite Transportation Chairman, President and CEO Leo Suggs

October 22, 2001

Economic Indicator Drops

A barometer of future U.S. economic activity fell in September. The New York-based Conference Board reported Monday its Index of Leading Economic Indicators fell 0.5% in September

October 16, 2001

Industrial Production Down For 12th Straight Month

Industrial production fell for the 12th consecutive month in September, marking the first time there has been an entire year of declines since the mid 1940s

October 15, 2001

A Tale Of Two Owner-Operators: Surviving The Downturn

Scott Breon is definitely feeling the economic pinch. The owner-operator from State College, Pa., reported that load availability is down and his deadhead miles are up. He’s seen rates going west drop as low as 65 cents. Fuel is expensive. So are some other costs, like taxes and tolls

October 12, 2001

Retail Sales Post Biggest Drop In 10 Years, Producer Prices Increase

Retail sales have posted their biggest drop in 10 years

October 10, 2001

Wholesale Inventories Down, Sales Up

The latest word is that wholesale inventories are down for the third consecutive month, and that could be good for trucking

October 4, 2001

ATA: 170,000 Drivers Could Be Called To Military Service

The American Trucking Associations is telling its motor carrier members that thousands of truck drivers who are in the armed forces reserves or members of the National Guard, could be called to active dut

October 4, 2001

Factory Orders Steady, Shipments Fall In August

Orders for goods from U.S. factories are holding steady, with the news taking analysts by surprise while shipments continued their decline

October 2, 2001

Fed Cuts Interest Rates For Ninth Time This Year

The Federal Reserve has cut interest rates for the ninth time this year. Tuesday the Fed decided to lower its target for the federal funds rate by 50 basis points to 2.5 percent

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