Economy

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April 18, 2001

Fed Cuts Interest Rates Again

The fourth half-percent interest rate cut this year came today in a surprise action by the Federal Reserve Board. Usually the Board acts only during the every six-to-seven-week Open Market Committee meetings. Today's cut promises to speed up consumer and business purchases -- and then production and freight

April 17, 2001

More Freight Ahead

As economists and trucking analysts continue to keep a close eye on the economy, new figures on industrial production, housing starts and inflation offer some good news

April 17, 2001

Keeping an Eye on Inventories

Monday's business inventory report from the Census Bureau confirms that excess inventories continue to be absorbed. Inventories have to return to "normal" before production, imports and freight can recover to the level of current consumption

April 17, 2001

Load Postings Looking Up

The analysts at load posting giant DAT Services are predicting that the number of loads available will pick up over the next few months, even going so far as to say we're at the bottom of the economic downturn

April 2, 2001

Good News In Latest Economic Reports

Two key economic reports issued yesterday both signaled that the U.S. economy is on the way back. The National Association of Purchasing Managers reported a rise in manufacturing in March, and the Census Bureau reported a strong rise in construction spending in February

March 27, 2001

Trucking Barometers Mixed

The barometers that trucking sometimes turns to in order to gauge the future health of the industry are mixed. As recently as yesterday, several figures were released which, while they weren’t cause for celebration, weren’t cause for alarm, either

March 26, 2001

Hebe: No Recovery Without Crude Oil Price Turnaround

The single most important factor that brought down the trucking industry’s fortunes was energy cost, and those fortunes won’t change until fuel prices decline, says Freightliner CEO Jim Hebe

March 21, 2001

Economic Summit II: Trucking Will Grow, But First -- the Recession

The trucking industry will expand to meet an enormous increase in demand over the next two decades. Internet-based technologies will provide new efficiencies, of course, but first we have a genuine recession to deal with

March 20, 2001

Fed Cuts U.S. Interest Rates

The Fed has spoken. Tuesday, the Federal Reserve cut short-term interest rates for the third time this year

March 19, 2001

Self-Fulfilling Prophecy?

Trucking companies won't be surprised by a business consultant's survey that trucking is perceived as one of the hardest-hit businesses by the economic slowdown. But they may not think about what they need to do to

March 16, 2001

Freight Volume To Grow As Inventories Decrease

Lower inventories are the key to a growth in freight volume later this year. In spite of headlines about layoffs, lower profits and plunging stock prices, there are very clear signs that the economy is now on the upswin

March 16, 2001

2000 Big Year for Tires

Truck makers may be in a slump, but more tires than ever rolled off assembly lines and onto highways last year

March 6, 2001

Load Availability Expected to Pick Up This Month

Although available loads continued to tighten beyond the normal seasonal trend in January and February, they have started to pick up

February 28, 2001

Economic Stats Mixed, Interest Cut in the Works

The latest government numbers confirm what most truckers already know: Business is down. But there are signs of improvement

February 21, 2001

NAFTA Economic Growth Continues to Slow

The sharp slowdown in economic growth in the U.S. is beginning to depress economic growth in Canada and, to a lesser extent, in Mexico

February 13, 2001

Greenspan Senate Address Offers Hope for Beleaguered Trucking Industry

Tuesday's economic news read like a Dickens novel: It was the best of times, it was the worst of times

February 13, 2001

Trucking Profits Slide As Business Increases

Business is up at many of the nation's trucking companies, but profits are falling at a faster rate

February 12, 2001

Truck Sales Drop, But There's A Pulse

Retail truck sales continued their fall last month, but prospects of a recovery are brightening. January Class 6-8 sales of 22,705 units were the lowest January in four years. January is a seasonally weak month for truck sales.

January 31, 2001

Trucking Welcomes Interest Rate Cut

Trucking and the rest of the U.S. economy received news they were hoping for yesterday, helping overshadow other glum financial reports issued earlier in the day and on Tuesday

January 31, 2001

A Weaker Economy, But No Recession Expected

There has been talk that we will see the first economic recession in 10 years, but a soft landing and slow growth for about a year is more likely

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