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Economy

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September 23, 2016 - Industry News

Economic Watch: Manufacturing Remains Soft; Homes, LEI Slip

A preliminary report released Friday shows growth in the nation’s manufacturing sector is easing this month amid the slowest expansion of new orders so far this year, according the financial information services provider IHS Markit.

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

September 22, 2016 - Industry News

NAFTA Trucking Freight Falls; 19th Straight Overall Monthly Drop

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

Trucking and all other transportation modes except rail carried less cross-border freight by value in July compared to a year earlier, according to new U.S. Transportation Department figures.

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

September 21, 2016 - Industry News

Latest Freight Shipment, Spending Levels Show Economic Uncertainty

Graphic: Cass Information Systems

Freight shipments across all U.S. domestic modes continued improving in August but remain weak, according to the latest Cass Freight Index, while freight spending moved lower again with both resulting in mixed feelings when it comes to their economic impact.

Tags: Economy, Cass Freight Index

September 20, 2016 - Industry News

Economic Watch: Home Starts Slow, Overall Optimism Remains

Nationwide housing starts fell 5.8% to a seasonally adjusted annual rate of 1.14 million units in August, according to newly released data from the Commerce Department on Tuesday, the latest disappointing economic indicator, but there are still feelings overall economic conditions are improving.

Tags: Economy, Retail Sales, Industrial Production, Manufacturing, Home Starts

September 19, 2016 - Industry News

Truckload Linehaul, Intermodal Rates Continue Tumbling

Measures of both truckload and intermodal rates posted another rounds of declines, according to new figures released by freight payment processor Cass Information Systems.

Tags: Economy, Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates

September 15, 2016 - Industry News

For-Hire Freight Movements Hit New Record High Level

New U.S. Transportation Department figures show the amount of for-hire freight rose 1.6% in July from June, the fourth consecutive monthly gain and a new record high.

Tags: Economy, Freight, Freight Index

September 14, 2016 - Industry News

FTR Conference: Expect a Freight Recovery, Just Not a Big One

FTR economist Noel Perry said it would be prudent to prepare for the possibiilty of a recession. Photo: Evan Lockridge

While a recovery for freight and the overall U.S. economy is in the cards for the fourth quarter of the year, those attending the first sessions of the FTR Transportation Conference in Indianapolis on Wednesday were also told by experts they should not expect a huge boom.

Tags: Economy, Recession, Events, FTR, Business Inventories

September 9, 2016 - Industry News

Economic Watch: September Retail Imports Strong

Import cargo volume at the nation’s major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released Friday.

Tags: Economy, Ports, Port Trucking, Intermodal

September 8, 2016 - Industry News

Earnings Watch: Navistar Third Quarter Loss Grows, Revenue Declines

Navistar International Corp. released fiscal third quarter financials on Thursday morning showing its losses grew in the third quarter of the year while revenue fell 18%, following news on Tuesday that Volkswagen is taking a minority interest in the Illinois-based company.

Tags: Economy, Volkswagen, Navistar, Earnings

September 2, 2016 - Industry News

Economic Watch: Employment Gains Again, Factory Orders Jump

The U.S. economy continued adding more jobs in August but at a slightly slower pace, leading to expectations the Federal Reserve will punt on a possible interest rate hike later this month. A separate report shows factory orders rebounded in the biggest gain in nine months.

Tags: Economy, Interest Rates, Unemployment, Durable Goods, Factory Orders, Employment, Federal Reserve, Factory Shipments

September 1, 2016 - Industry News

Celadon Quarterly Profit Sinks 86.5%, Fiscal Year Earnings Also Fall

The trucking operation Celadon Group Inc. on Thursday reported its fiscal fourth quarter and year-end results for 2016 with both showing sharply lower earnings.

Tags: Economy, Celadon Trucking Services, Celadon Group, Celadon, Fleet Earnings

September 1, 2016 - Industry News

Economic Watch: New Manufacturing Orders Stagger, Construction Up

There is slight disagreement when it comes to the health of the nation’s manufacturing industry in the wake of two reports issued on Thursday, but not when it comes to what pulled two gauges lower for August.

Tags: Economy, Manufacturing, Construction Spending

August 31, 2016 - Industry News

Economic Watch: Positive Indicators Prompt Talk of Interest Rate Hike

U.S. private sector employers reported another month of strong job gains on Wednesday, two days ahead of a government report. With increases in consumer confidence, personal spending and wages, it adds up to talk of a hike in interest rates as soon as September.

Tags: Economy, Interest Rates, Unemployment, Consumer Confidence, Consumer Spending, Employment, Federal Reserve

August 26, 2016 - Industry News

Cross-Border Freight Value Moves Lower for 18th Straight Month

Percent change in value of U.S.-NAFTA freight flows by mode: June 2015-2016. Graphic: U.S. DOT.

New Transportation Department figures show June marked the 18th consecutive month the total value of U.S. freight movements with North American Free Trade Agreement (NAFTA) partners Canada and Mexico declined from the same time a year earlier.

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

August 24, 2016 - Industry News

Economic Watch: Manufacturing Declines, GDP Expectations Lowered

A preliminary look at the nation’s manufacturing sector shows it continues to expand following a recent downturn. Separate reports show expectations of long-term economic growth have been moved lower and the housing market is suffering from low inventory levels.

Tags: Economy, GDP, Manufacturing, Home Sales, Gross Domestic Product

August 23, 2016 - Industry News

Truck Tonnage Hits Lowest Level in 9 Months

Source: ATA

Truck tonnage in July hit its lowest level since October 2015, per the most recent American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index.

Tags: Economy, ATA, Freight, Truck Tonnage, Truck Tonnage Index

August 16, 2016 - Industry News

Economic Watch: Manufacturing Pushes Industrial Production Higher Amid Other Reports

The output from the nation's factories, mines and utilities increased in July, the largest gain since November 2014, and there also are improvements in housing and e-commerce. But there is disagreement over what the latest inflation numbers mean for interest rates.

Tags: Economy, Industrial Production, Manufacturing, Consumer Prices, Federal Reserve, Home Building

August 16, 2016 - Industry News

Cass Freight Index: Shipments, Freight Spending Continue Declines

Overall shipment volumes and pricing are persistently weak, with increased levels of volatility as all levels of the supply chain continue to try to work down inventory levels, according to the latest Cass Freight Index report.

Tags: Economy, Cass Freight Index

August 10, 2016 - Industry News

Trucking Pushes For-Hire Shipments Higher for Third Straight Month

Freight Transportation Services Index, June 2011 - June 2016. Graphic: U.S. DOT<br />

A new U.S. Transportation Department report shows the amount of freight carried by the nation’s for-hire transportation industry rose 0.6% in June from the month before, due in part to increased trucking shipments, and is up 0.4% from the same time

Tags: Economy, Freight Index

August 8, 2016 - Industry News

ATA Report Breaks Down Trucking's Big 2015

The American Trucking Associations has released the latest edition of its almanac of trucking, ATA American Trucking Trends 2016, which showcases industry trends over the last decade.

Tags: Economy, ATA, Revenues, Industry Trends

August 5, 2016 - Industry News

Economic Watch: Unemployment Falls, Trade Deficit Jumps

Both trucking and the wider economy added jobs in July, according to new Commerce Department figures, while separate reports show the U.S. trade deficit grew in June to a one-year high and new factory orders fell again.

Tags: Economy, GDP, Unemployment, Factory Orders, Employment, Factory Shipments, Gross Domestic Product

August 5, 2016 - Industry News

Quarterly Intermodal Growth Streak Ends

Graphic: IANA

Overall intermodal traffic recorded its first volume decline in the second quarter of the year following 25 consecutive quarters of growth, according to a new report from the Intermodal Association of North America.

Tags: Economy, Railroads, Intermodal

August 3, 2016 - Industry News

Earnings Watch: XPO Swings Into the Black, USA Reports Loss

Two trucking operations reported their second-quarter financials on Wednesday, with one reporting its first profit since purchasing LTL carrier Con-way last year, while the other reported a loss that was attributed to falling rates and freight volume.

Tags: Economy, USA Truck, Con-way Inc., XPO Logistics, Fleet Earnings

August 1, 2016 - Industry News

Economic Watch: Manufacturing Continues Rebound, Construction Declines

After hitting a post-Great Recession low, economic activity in the nation’s manufacturing sector continues to grow, but how strong that growth is depends on which report you read.

Tags: Economy, Manufacturing, Construction Spending

July 29, 2016 - Industry News

Economic Watch: New GDP Reading Disappoints, Consumer Sentiment Falls

Hopes that the American economy picked up a good head of steam in the second quarter of the year were quickly dashed on Friday following numbers being issued by the U.S. Commerce Department.

Tags: Economy, GDP, Consumer Sentiment, Gross Domestic Product

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