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Economic Conditions

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September 13, 2017 - Industry News

Hurricanes Could Cost GDP Half a Percentage Point in Q3

Noel Perry speaking at the FTR Transportation Conference. Photo: Evan Lockridge

Speaking about the impact of Hurricanes Harvey and Irma at the FTR Transportation Conference, analysts estimated that the economic impact on the region could cost GDP 0.5% in the third quarter of 2017.

Tags: FTR, GDP, Spot Freight, Hurricane Harvey, Hurricane Irma, Economic Conditions

August 14, 2017 - Industry News

Talks to Revamp NAFTA Slated to Begin This Week

Trucking and logistics interests are keeping a close eye on talks to revamp the North American Free Trade Agreement begin this week – particularly those involved in the automotive industry.

Tags: Mexico, NAFTA, Donald Trump, Economic Conditions

March 17, 2017 - Industry News

Economic Watch: Latest Readings Full of Positives

A gauge of the health of the American economy has increased again, hitting its highest level in more than a decade. Meanwhile, manufacturing activity outpaced overall industrial output, consumer sentiment hit its highest level in over a decade, and homebuilding continues to trend up, according to a basket of reports issued Friday and Thursday.

Tags: Industrial Production, Manufacturing, Consumer Sentiment, Home Building, Economic Conditions

February 22, 2017 - Industry News

Goodyear's Raw Material Costs Increase $300M in 3 Weeks

Tire makers worldwide are citing rising raw material costs as the driver of their price increases. Goodyear Tire & Rubber Co. painted a picture of just how extreme the increases have been so far — using words like “volatile” and “unpredictable."

Tags: Goodyear, Global, Tires, Economic Conditions

December 13, 2016 - Industry News

FedEx CEO Warns Trump Attack on Trade Could Be 'Catastrophic'

Smith

FedEx Chairman and CEO Fred Smith warned that President-elect Trump's campaign promises to pull back on international trade agreements could be “catastrophic.”

Tags: NAFTA, Free Trade Agreement, FedEx, Donald Trump, Economic Conditions

February 18, 2016 - Industry News

Retread Sales Fell, But Tire Market Stable Last Year

The domestic retreaded truck tire market was down in 2015 compared to 2014, however, the health of the truck tire market also depends on new truck tire shipments. They were up 4%.

Tags: Tires, Retreads, Replacement Tires, Economic Conditions

July 19, 2015 - Industry News

Economic Watch: Inflation Positive, Consumer Confidence Down

Consumer prices increased in June from the month before, in positive territory for the first time this year, according to the U.S. Labor Department. A separate report shows consumers' feeling about the economy a just a little less hot than earlier.

Tags: Economy, Consumer Confidence, Consumer Prices, Consumer Sentiment, Economic Conditions

March 24, 2015 - Industry News

Winter Weather Impacts Truck Tonnage

Graph via ATA Truck Tonnage Index

The For-Hire Truck Tonnage Index decreased 3.1% in February to 131.6, the lowest level since September of last year. Winter weather, slow retail sales, and other industries were to blame for the slow month.

Tags: ATA, Truck Tonnage Index, Economic Conditions

February 24, 2015 - Industry News

Obama Vetoes Keystone Pipeline

Official White House Photo by Pete Souza

President Obama has vetoed the Keystone XL Pipeline Approval Act, which Congressional Republicans had sent to the White House earlier today.

Tags: Barack Obama, U.S. Congress, Oil Prices, Economic Conditions

January 28, 2015 - Industry News

Economy in Fourth Largest Expansion in Recent Times

Speaking at Heavy Duty Aftermarket Dialogue in Las Vegas, Bob Dieli, founder of RDLB says the expansion is in it 67th month and is closing in on being longer than the November 2001 to December 2007 expansion, which lasted 73 months.

Tags: Aftermarket, HDAD, Economic Conditions

January 6, 2015 - Global News

China's Commercial Vehicle Market Remains Soft

The pace of China’s economy slowed in the third quarter of 2014, with growth of 7.3 percent on a year-over-year basis, according to the most recent "China Commercial Vehicle Outlook," jointly published quarterly by ACT and SIC, China’s State Information Center.

Tags: China, Commercial Vehicles, Economic Conditions, Global

October 22, 2014 - Industry News

Goodyear Automatic Tire Inflation System in Fleet Testing

A Goodyear Tire & Rubber Company tire test engineer checks the pressure on a tire equipped with the company's Air Maintenance Technology. Photo:  Goodyear.

Goodyear will test its Air Maintenance Technology for commercial vehicles -- which keeps tires inflated without any external pumps or electronics -- on trucking fleets over the next year and a half.

Tags: technology, Tire Inflation, Tires, Goodyear, Economic Conditions

October 9, 2014 - Industry News

Freight Market Getting Tighter

Graph via FTR.

FTR’s Trucking Conditions Index increased to 9.10 in August, an upward trend that reflects a tight capacity situation for the freight market.

Tags: FTR, Trucking Conditions Index, Spot Freight, Driver Pay, Trends, Economic Conditions

March 18, 2014 - Industry News

Economic Watch: Inflation Tame, Housing Starts Slip

The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.

Tags: Economy, Freight, Home Starts, Economic Conditions

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