Economy

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November 15, 2016

Economic Watch: Retail Sales Surge, Up 4.3% Over Past Year

Retail sales in the U.S. jumped in October, according to Commerce Department figures released Tuesday, surpassing analysts’ expectations.

November 10, 2016

Analysis: Economic Growth Springs Back to Life

Economic growth has suddenly returned in the 3rd quarter but in his latest column Evan Lockridge asks, will it continue?

November 9, 2016

For-Hire Freight Shipments Fall for Second Straight Month

A new U.S. Transportation Department report shows the total amount of for-hire freight moved in the country fell 0.6% in September from the month before, the second consecutive monthly drop.

November 4, 2016

Economic Watch: Trucking Helps Boost Overall Employment, Factory Activity Up

Employers continued adding jobs in the U.S. during October, according to a new Labor Department report, and trucking was one of many industries that helped push the number higher.

November 4, 2016

Earnings Watch: USA Truck Reports Quarterly Loss

The trucking company USA Truck reported on Friday that its financial picture turned slightly negative in the third quarter of the year as it continues to move to a more asset-light business

November 3, 2016

Earnings Watch: ArcBest Profit Falls, Celadon Reports Loss

The parent of a company primarily known for its less-than-truckload fleet saw its profit fall by nearly a third while a separate carrier that provides long-haul truckload and other services moved into the red, according to newly released earnings numbers.

November 2, 2016

Earnings Watch: XPO, Roadrunner Report Improved Earnings

While many trucking operations have reported lower third quarter profits during this earnings season, there were two exceptions on Wednesday.

November 1, 2016

Economic Watch: Manufacturing Continues Rebound, Construction Falls

New economic reports show the nation’s manufacturing sector continues improving along with consumer spending-- the latest signs the overall economy is gaining traction-- while a separate report shows construction activity has eased, but only just a bit.

October 28, 2016

Economic Watch: GDP Growth Roars Back, Hits 'Turning Point'

Growth in the U.S. economy accelerated in the third quarter of the year, posting its biggest gain in two years, according to Commerce Department numbers released Friday morning. However, a separate report shows consumer confidence slipped.

October 27, 2016

Earnings Watch: YRC, Universal Truckload Post Smaller Profits

Earnings for the parent of the mainly less-than-truckload carrier YRC Freight and others turned in a smaller third quarter numbers late Thursday, while one logistics operator also reported its profit is down from a year ago.

October 27, 2016

Cross-Border Freight Value Posts First Hike in More Than a Year

The total value of U.S. freight moved between Canada and Mexico during August posted its first year-over-year increase since December 2014, according to new Transportation Department figures.

October 27, 2016

Earnings Watch: UPS, ODFL Rise; Knight, P.A.M., Hub, Echo Fall

At a time when many trucking companies are reporting lower third quarter profits, two report slight gains – but they remain the exception rather than the rule.

October 27, 2016

Economic Watch: Durable Goods Mixed, New Home Sales Best in 9 Years

Shipments and new orders for long-lasting manufactured durable goods were varied in September. While home sales continue growing, one key economic indicator fell.

October 26, 2016

Earnings Watch: Saia Earnings Up, C.H. Robinson Down

As more trucking companies report third quarter earnings, most are showing profits are down from the same time a year ago – but there are a few exceptions.

October 24, 2016

Economic Watch: Manufacturing, Leading Indicators Rebound

New preliminary numbers suggest U.S. manufacturers started the fourth quarter in a strong fashion, and other numbers point to an improving overall economy in the final three months of the year -- with manufacturing and housing, two key areas related to truck freight, helping lead the way.

October 20, 2016

Earnings Watch: Heartland, Werner, Forward Air Profits Fall, Marten Stable

UPDATED -- The third quarter earnings season continued on Thursday with the release of reports showing more trucking companies had lower earnings compared to a year ago, with another held on.

October 19, 2016

Earnings Watch: Covenant Profit Plunges 62%, Landstar Slips 7.6%

Profit for the Tennessee-based parent to Covenant Transport plummeted in the third quarter, while Landstar System recorded only a 7.6% decline, according to numbers released late Wednesday afternoon.

October 19, 2016

Freight Index Disappoints After Offering ‘False Hope’

After offering a glimmer of “less bad” hope in August, one measure of freight shipments data in September disappointed.

October 19, 2016

Economic Watch: Consumer Prices Jump, May Push Interest Rates Higher

While the strength of nation’s homebuilding market has eased just a bit, it remains robust. Meanwhile, a measure of consumer prices show it’s approaching a level the Federal Reserve has said it needs to hit in order to raise interest rates.

October 17, 2016

Economic Watch: Manufacturing Pushes Industrial Production Higher

The total output from the nation’s factories, mines and utilities rebounded last month, posting its best quarterly performance in a year, due in part to increased manufacturing, according to new Federal Reserve figures.

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