Economy

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February 7, 2014

Freight Volume and Expenditures Drop in Latest Cass Index

North American shipment volumes and freight expenditures both continued the decline that began in December after the economy abruptly reversed direction near the end of last year, according to the latest Cass Freight Index.

February 7, 2014

Economic Watch: Unemployment Falls, Retail Sales to Head Higher

UPDATED -- Unemployment in the U.S. continues moving lower, but job growth is also weakening, according to new U.S. Labor Department figures.

February 5, 2014

Economic Watch: Private Jobs Grow in January, Non-Manufacturing Activity Up

Private sector employment increased by 175,000 jobs from December to January, according to new report released Wednesday from the payroll service provider ADP.

February 4, 2014

Economic Watch: Factory Orders and Shipments, Falling Deficit, New Fed Chair

Shipments and new orders for factor good both declined in December, according to new figures released by the U.S. Commerce Department.

February 3, 2014

Economic Watch: January Manufacturing Slows, 2013 Construction Explodes

Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, but retreated from levels seen in December, say the nation's supply executives.

January 31, 2014

Economic Watch: Consumer Spending Up, Sentiment Down

Consumer spending in the U.S. posted modest gains in December and all of last year, according to new Commerce Department figures.

January 30, 2014

Economic Watch: GDP Advances at Annual Rate of 3.2% for Quarter

The U.S. economy expanded at a healthy pace in the final quarter of last year amid a big jump in consumer spending, according to new Commerce Department figures.

January 29, 2014

Economic Watch: Federal Reserve Stays the Course in Final Bernanke Meeting

In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.

January 29, 2014

Economic Watch: Trucks Moving More NAFTA Trade

Three of the five transportation modes - truck, rail and pipeline - carried more U.S.-NAFTA trade in November 2013 than they did a year earlier, according to new figures from the U.S. Transportation Department.

January 28, 2014

Economic Watch: Durable Goods Shipments and Orders Gain in 2013, Consumer Confidence Increasing

Shipments and new orders for manufactured durable goods in the U.S. ended 2013 on a down note, but each were up for the year, according to a new U.S. Commerce Department report released Tuesday.

January 27, 2014

Economic Expansion Likely To Continue

LAS VEGAS -- The economic expansion is likely to continue through the balance of the year, predicts Bob Dieli, president and founder of RDLB Inc., an economic research and management consulting firm.

January 27, 2014

Economic Watch: 2013 Home Sales Best in Five Years Despite December Decline

Sales of new homes in the U.S. fell 7% in December from the month before, following a November drop of 3.9% from the month before, according to a new U.S. Commerce Department report.

January 23, 2014

Economic Watch: Construction and Leading Indicators Rise, Home Sales Best in 7 Years

UPDATED -- Total new construction starts in the U.S. during 2013 increased 6% from the year before to $516.8 billion. This follows the 10% gain reported for 2012 and modest 2% gains in both 2010 and 2011, according to new data released from construction information services provider McGraw Hill Construction.

January 22, 2014

Freight Indicators Hit or Near Record Highs

Two measures about the health of the U.S. trucking industry turned in either their best or near-record numbers for December.

January 17, 2014

Economic Watch: Housing Starts Best Since '07, Industrial Production Jumps

The annual rate registered 923,400 single-family homes and apartments, an 18% increase above 2012 figure of 780,600.

January 16, 2014

Economic Watch: Inflation Tame, Overall Conditions Improving

Despite the biggest jump in consumer prices in six months and the first hike in wholesale prices in three months, inflation remains tame, according two new reports.

January 14, 2014

Economic Watch: Retail Sales Edge Higher in December

American consumers opened up their wallets a little bit more in December, according to new figures from the U.S. Commerce Department.

January 10, 2014

Economic Watch: Light Vehicle Sales Forecast to Increase for Fifth Straight Year

Anyone associated with getting to market new light vehicles, (cars, light trucks and SUVs), not to mention sales and manufacturing of them, has reason to be hopeful about business prospects in the New Year.

January 10, 2014

Economic Watch: Unemployment Down but Job Growth Weak

While new figures show the nation’s unemployment rate has fallen to its lowest level since October 2008, job growth in December was the slowest in nearly three years.

January 9, 2014

DOT Freight Index Rises to Best Level on Record

The amount of freight carried by the nation’s for-hire transportation industry rose 1.2% in November from October, rebounding from a one-month decline to reach its highest all-time level, according to a new U.S. Department of Transportation report.

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