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Economy

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August 17, 2017 - Industry News

Economic Watch: Manufacturing Slips as E-Commerce Jumps

New economic reports this week paint a picture of a U.S. economy that continues to gain momentum following a slow start to the year, due in part to increased e-commerce – despite some bumps in the road for manufacturing and housing.

Tags: Economy, Retail Sales, E-commerce, Industrial Production, Manufacturing, Leading Economic Indicators, Home Building

August 15, 2017 - Industry News

Economic Watch: Retail Sales Gains Push GDP Hopes Higher

One of the biggest drivers of the U.S. economy shifted into high gear in July, posting its biggest gain in seven months, according to a new Commerce Department report.

Tags: Economy, Retail Sales, GDP, Gross Domestic Product

August 11, 2017 - Industry News

Imports Expected to Hit New Monthly, Annual Records

Boosted by continuing retail sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released Friday by the trade group the National Retail Federation (NRF) and the consulting firm Hackett Associates.

Tags: Economy, Retail Sales, Containers, Port Trucking

August 9, 2017 - Industry News

For-Hire Freight Movements Remain High Despite Trucking Decline

Freight Transportation Services Index, June 2012 - June 2017. Graphic: U.S. DOT

After hitting a new record high in May, a measure of the amount of freight moved by the nation’s for-hire transportation industry declined in June, according to new Transportation Department figures.

Tags: Economy, Freight Index

August 7, 2017 - Industry News

Trucking Freight Growth up Nearly 38% Since End of Great Recession

Freight TSI modal data, January 2000-December 2016. Graphic: U.S. DOT

Newly released U.S. Transportation Department figures show all but one of the major freight modes have grown since the end of the Great Recession, with trucking posting the second-highest increase.

Tags: Economy, Railroads, Intermodal, Freight Index

August 4, 2017 - Industry News

Economic Watch: Employment Surges, Exports Highest in 2+ Years

Employers in the U.S. continued adding a strong number of jobs in July, while separate reports show better exports and factory orders.

Tags: Economy, Unemployment, Factory Orders, Employment, International Trade

August 1, 2017 - Industry News

Economic Watch: Manufacturing Solid, Construction Disappoints

U.S. manufacturing activity in July remained solid, according to two reports issued Tuesday while separate ones showed overall construction activity in the U.S. eased as consumer spending and personal incomes barely improved.

Tags: GDP, Manufacturing, Construction Spending, Federal Reserve, Economy, Personal Income, Personal Spending, Gross Domestic Product

July 31, 2017 - Industry News

Value of U.S.-NAFTA Freight Rises for 7th Straight Month

U.S.-NAFTA freight value percent change from previous year over the last 24 months. Graphic: U.S. DOT

A rise in the value of cross-border trucking freight between the U.S. and the other two North American Free Trade Agreement partner counties helped push total value of commodities higher for the seventh straight month in May, according to a new Transportation Department report.

Tags: Economy, Cross-Border Trucking, Railroads, Surface Trade, Freight

July 19, 2017 - Industry News

ATA Forecasts Steady Rise in Truck Tonnage Over Next Decade

Image via ATA

The ATA Freight Transportation Forecast is projecting steadily increasing freight tonnage overall and for the trucking industry for the next ten years.

Tags: Economy, ATA, Freight, Tonnage, Economic Forecast

July 19, 2017 - Industry News

Economic Watch: Concerns Remain Despite Housing Rebound

Housing starts in the U.S. bounced back, according to a new Commerce Department report, but concerns remain about the future of the housing market as well as the wider economy.

Tags: Economy, Retail Sales, GDP, Housing Starts, Consumer Sentiment, Gross Domestic Product

July 12, 2017 - Industry News

For-Hire Freight Rebounds, Hits New Record High

Freight Transportation Services Index, May 2012 - May 2017. Graphic: U.S. DOT

The level of freight moved by the nation’s for-hire transporters rebounded in May following a two-month decline, according to the U.S. Transportation Department.

Tags: Economy, Freight, Freight Index

July 11, 2017 - Industry News

Forecast Calls for Continued Low Oil, Fuel Prices

Average diesel prices are forecast to rise only a little this year and into 2018. Graphic: U.S. DOE

Lower than earlier forecast crude oil prices are expected to translate into continued low prices at the pumps for both diesel and gasoline, according to a new U.S. Energy Department report.

Tags: Economy, Fuel Prices, Diesel Prices, Gasoline Prices, Crude Oil Prices

July 10, 2017 - Industry News

Economic Watch: Imports Could Hit New Record High Following Big Gains

July and August should be two of the busiest months ever seen for imports at the nation’s major retail container ports, possibly setting a new record as merchants enter the back-to-school season and begin to stock up for the holiday season that will follow, according to a new forecast from the National Retail Federation, a retail trade association.

Tags: Economy, Intermodal, Freight, Ports, Containers, Port Trucking

July 7, 2017 - Industry News

Economic Watch: Employment Growth Remains Strong

The number of job gains showed no signs of easing up in June, as the Labor Department reports strong additions, with hiring better than previously estimated.

Tags: Economy, Unemployment, Employment

July 5, 2017 - Industry News

Economic Watch: No Consensus on Factory Activity; Construction Flat

There are conflicting reports on activity in the nation’s manufacturing sector. One report says it moved into high gear in June, hitting a near three-year high, while a separate one indicated conditions were the weakest since last September.

Tags: Economy, Construction Industry, Manufacturing, Factory Orders, Factory Shipments

June 29, 2017 - Industry News

Economic Watch: Overall Growth Revised Upward

The U.S. economy grew faster in the first quarter of the year than earlier estimates indicated, according to a Commerce Department report released Thursday, but there’s little optimism there the second quarter will show a big surge.

Tags: Economy, GDP, Gross Domestic Product

June 26, 2017 - Industry News

Economic Watch: Slowing Factory Activity Leads to Growing Concerns

A preliminary report released Monday showed a drop in a key benchmark for future business spending, as total orders and shipments of durable goods were mixed, according to the Commerce Department.

Tags: Economy, Durable Goods, Manufacturing

June 23, 2017 - Industry News

Economic Watch: Manufacturing Hits Nine-Month Low, Home Sales Rebound

A first look at the nation’s manufacturing sector this month shows conditions have hit a nine-month low, while home sales have roared back amid near-term expectations the overall economy will continue with a moderate expansion.

Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators

June 23, 2017 - Industry News

Trucking’s Share of Cross-Border Freight Falls

The value of freight moved between the U.S and its North American Free Trade Agreement partners Canada and Mexico moved higher in April for the sixth straight month, but trucking's share fell, according to new U.S. Transportation Department figures.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Railroads, Surface Trade

June 19, 2017 - Industry News

Improved Freight Demand Could Increase Equipment Purchases

Source: FTR

FTR’s Trucking Conditions Index showed improving freight demand while ACT Research's For-Hire Trucking Index indicated that fleets were looking to buy new equipment.

Tags: Economy, ACT Research, Freight, FTR, Trucking Conditions Index

June 16, 2017 - Industry News

Economic Watch: Housing, Consumer Confidence Down as Industrial Production Stalls

Political uncertainty could be partially to blame for some less-than-stellar economic reports, with show housing starts dropping, consumer confidence slipping, and industrial production stalled.

Tags: Economy, Industrial Production, Manufacturing, Housing Starts, Consumer Sentiment

June 14, 2017 - Industry News

Economic Watch: Fed Hikes Interest Rates Again; Retail Sales, Inflation Ease

Despite retail sales falling by the biggest amount in 16 months and a dip in consumer prices, the Federal Reserve raised interest rates on Wednesday for the third consecutive quarter as the central bank signaled its confidence in the U.S. economy.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Federal Reserve, Producer Prices

June 14, 2017 - Industry News

For-Hire Freight Falls for Second Straight Month

Freight Transportation Services Index, April 2012 - April 2017. Graphic: U.S. DOT

A measure of total for-hire freight movements in the U.S. fell for the second straight month in April, according to a report issued Wednesday by Transportation Department.

Tags: Economy, Freight Index

June 7, 2017 - Industry News

New Economic Indicators for Truck Freight Use DAT Truckload Data

Photo: Volvo

Broughton Capital, an independent financial research firm, has unveiled a set of tools for truckload industry market watchers called DAT Freight Barometers.

Tags: Economy, Spot Freight, DAT Solutions, TransFX, Truckload

June 2, 2017 - Industry News

Economic Watch: Unemployment Lowest in 16 Years as Trucking Jobs Dip

U.S. job growth continued in May with unemployment hitting its lowest level in 16 years, likely paving the way for the Federal Reserve to hike interest rates again in a couple of weeks.

Tags: Economy, Interest Rates, Unemployment, Employment, Federal Reserve

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