Economy

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January 25, 2016

Economic Outlook Shows Continued Slow Growth in 2016

LAS VEGAS -- The economy is expected to continue to expand at a pace slightly above trends for 2016, according to Bill Strauss, senior economist and economic advisor, Federal Reserve Bank of Chicago. Speaking in Las Vegas at Heavy Duty Aftermarket Dialogue Monday, Strauss talked about a number of factors affecting the economy and offered his thoughts on what we can expect for the year ahead.

January 25, 2016

Earnings Watch: Swift Beats Expectations, Covenant Numbers Mixed

One of the nation’s largest trucking companies reported improved earnings for the final quarter of last year and beating its expectations for all of 2015 while another publicly held fleet's latest three-month numbers failed to live up to its annual performance.

January 22, 2016

Economic Watch: Manufacturing, Housing Post Big Rebounds

U.S. manufacturers started the year with a rebound in output and new business growth, according to preliminary results of a survey released Friday. A separate report shows sales of existing homes were the best since before the Great Recession.

January 22, 2016

Earnings Season Begins with J.B. Hunt Profit Increase

Although many analysts are expecting generally lower fourth-quarter earnings for the nation’s publicly held companies, J.B. Hunt kicked off the earnings season for trucking on Thursday by reporting a 6% increase in profit.

January 20, 2016

Economic Watch: Core Consumer Prices Up, Homebuilding Brisk

Inflation at the retail level is anything but a threat to the health of the U.S. economy with newly released figures showing a drop in the final month of 2015 while the housing market is expected to continue improving.

January 15, 2016

Economic Watch: Latest Indicators Lagging but Consumers Upbeat

The latest numbers about the state of the American economy show activity has slowed in key sectors, including one of the biggest drivers, with retail sales turning in its weakest improvement since 2009.

January 14, 2016

For-Hire Freight Movements See Biggest Drop in Nearly a Year

The amount of freight moved by the nation’s for-hire transportation sector moved lower in a government index that it says is an indicator of economic cycles.

January 13, 2016

Diesel Price Forecast Revised Much Lower

Federal government expectations for diesel and gasoline prices for this year have been revised significantly lower, as oil is expected to continue to sell for far less that it was in mid-2014.

January 13, 2016

Freight Spending, Shipments Continue Decline

Both the number of shipments and expenditures on freight transportation by shippers continued their downward slide in December, according to latest Cass Freight Index.

January 11, 2016

Southern Cross-Border Freight Outpaces U.S.-Canada Cargo for First Time

A measure of freight moving between the U.S. and its neighbors to the north and south shows for the first time the total value of U.S.-Mexico freight flows exceeded those between the U.S. and Canada.

January 8, 2016

Economic Watch: Job Creation Soars, Trucking Employment at Record High

Job creation in the U.S. surged in the final month of 2015, per a Labor Department report released Friday, as for-hire trucking employment hit a new record level.

January 6, 2016

Economic Watch: Manufacturing, Service Sectors Decline, Employment Jumps

Shipments of manufactured goods in the U.S. increased slightly in November, according to a new and full government report, while new orders posted its third decline in the last four months.

December 23, 2015

Economic Watch: Three Reports Show Underlying Strength

Two days before Christmas, the Commerce Department released three reports on the U.S. economy. When put together, they show a solid performance, though not as strong as it has been or some would like.

December 22, 2015

Economic Watch: GDP Stable, Existing Home Sales Drop

The latest measure of strength in the overall U.S. economy shows it maintained its momentum in the third quarter of the year. A separate report shows a big decline in existing home sales for the second straight month.

December 17, 2015

Earnings Watch: Navistar Trims Losses, FedEx Profit Increases

It's looking like a good Christmas for Navistar and FedEx. The truck and engine maker managed to cut back on its losses in its most recent fiscal quarter and likely no longer will have an SEC investigation hanging over its head. Meanwhile, FedEx saw better earnings due to record holiday business.

December 16, 2015

Economic Watch: What's Behind Fed Interest Rate Hike?

The U.S. Federal Reserve’s Open Market Committee on Wednesday decided to push short-term interest rates higher for the first time since 2006.

December 16, 2015

Economic Watch: Mixed Numbers Ahead of Fed Announcement

Economic reports Wednesday morning ahead of the U.S. Federal Reserve's Open Market Committee didn't offer a clear picture on the state of the economy, with slower manufacturing growth but a boost in housing numbers.

December 14, 2015

6 Trends to Track in 2016

From the economy to driver recruitment and retention, there will be several familiar faces in the trends to follow closely in the new year.

December 11, 2015

The Class 8 Update: Sales and New Products

After an up and down year of sales and a new one on the horizon, all of the major truck manufacturers are showcasing their visions for the future.

December 11, 2015

Economic Watch: Retail Sales, Producer Prices Jump

Both retail sales and prices at the wholesale level rose the most in months during November, according to two separate economic reports released on Friday. These will join other numbers that will be considered in a few days when the Federal Reserve considers an interest rate hike.

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