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March 16, 2018 - Industry News

Trailer Orders Fall but Remain Historically High

February was the fifth consecutive month that trailer orders broke the 30,000 unit mark. Photo: Stoughton

Trailer orders are expected to hit 32,000 units in February, a number that, if it holds true, would be a record for that month, according to preliminary reports from FTR.

Tags: Economy, Trailers, FTR, Capacity, Trailer Orders

March 16, 2018 - Industry News

Trucking’s Share of Cross Border Freight Value Declines But Still Tops

The value U.S.-North American freight by mode in billions: 2016-2017. Graphic: U.S. DOT

Trucking posted the biggest loss of the five major transportation modes when it came to the value of U.S. freight moved between Canada and Mexico last year, according to new Transportation Department figures.

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

March 16, 2018 - Industry News

Economic Watch: Industrial Production, Consumer Sentiment Up; New Homes Mixed

Industrial production in the U.S. rebounded from a drop at the start of the year, as consumer sentiment is the best in more than a decade – but there's a decline reported in parts of the new-home-building market.

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

March 14, 2018 - Industry News

Economic Watch: Retail Sales Down Again, Inflation in Check

Retail sales in the U.S fell for the third straight month in February, according to new government numbers, pointing to slower economic growth in the first quarter. Separate reports about inflation showed it cooled at both the retail and wholesale levels.

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

March 9, 2018 - Industry News

Economic Watch: Jobs Booming, Manufacturing Throttles Back

Employers in the U.S. added far more jobs in February than analysts were expecting, but there are some concerns about the nation’s manufacturing sector as consumer credit slowed and the trade deficit hit a near 10-year high.

Tags: Economy, Interest Rates, Unemployment, Manufacturing, Employment, Federal Reserve, International Trade

March 1, 2018 - Industry News

Economic Watch: Manufacturing, Spending, Income Jump; Construction Flat but Strong

Manufacturing in the U.S. continued its hot streak in February, but there are questions following other data released earlier about the sector. Personal incomes and expenditures were up, and construction spending remained robust despite little change from the month before.

Tags: Economy, Manufacturing, Construction Spending, Personal Income, Personal Spending

February 28, 2018 - Industry News

Economic Watch: GDP Revised Lower, Consumers Remain Very Upbeat

The U.S. economy didn’t expand as much as originally estimated in the final quarter of 2017, but it still turned in a solid performance, according to a new Commerce Department report, while a separate report on consumer confidence showed it was at its highest level in more than a decade.

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

February 27, 2018 - Industry News

Outlook for Trucking is Stellar, ATA Economist Says

ATA Chief Economist Bob Costello tells attendees at the Omnitracs Outlook 2018 user conference in Nashville that trucking should face smooth sailing over the next year or two. Photo: Jim Beach

The trucking industry is seeing the best economic climate since deregulation, according to Bob Costello, chief economist and senior vice president of the American Trucking Associations.

Tags: Economy, ATA, Economic Forecast, Supply Chain, Omnitracs

February 27, 2018 - Industry News

Economic Watch: Durable Goods Orders, New Home Sales Post Second Straight Drops

Following strong growth last year, business spending on equipment has fallen for the second straight month, according to a new report, while a separate one shows new home sales in the U.S. have slipped again.

Tags: Economy, Durable Goods, Home Sales

February 21, 2018 - Industry News

Economic Watch: Manufacturing at 40-Month High, Existing Home Sales Slip Again

A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a decline for the second straight month amid higher prices and a supply shortage.

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

February 20, 2018 - Industry News

Strong Economy Boosts Truck Tonnage Index 2% in January

The Truck Tonnage Index gained 2% in Jan. 2018. Source: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2% in January, reflecting strong economic conditions in a traditionally soft month.

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

February 16, 2018 - Industry News

Economic Watch: Manufacturing Lags, but Homes, E-Commerce, Consumer Sentiment Rise

Several recent economic indicators, with the exception of a measure of the total output from the nation’s factories, mines and utilities production, have all moved higher. That indicates economic activity in the first month to month and a half of 2017 is still very much alive, despite recent concerns about the future following stock market gyrations.

Tags: Economy, Retail Sales, E-commerce, Industrial Production, Manufacturing, Consumer Sentiment, Home Building

February 14, 2018 - Industry News

For-Hire Freight Continues Setting New Records

Freight Transportation Services Index, December 2012 - December 2017. Credit: U.S. DOT

A gauge of the level of freight moved by the nation’s for-hire transportation industry capped off 2017 by posting another new all-time monthly high, according to the Transportation Department.

Tags: Economy, Railroads, Intermodal, Freight Index, Freight

February 14, 2018 - Industry News

Economic Watch: Retail Prices Jump as Retail Sales Drop

Prices at the retail level jumped more than expected during January, raising concerns about rising inflation as well as interest rates, while a separate reported showed one of the biggest drivers of the U.S. economy declined by the most in nearly a year.

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

February 8, 2018 - Industry News

Economic Watch: Retailers Expect 2018 to be Another Banner Year

One of the biggest drivers of the U.S. economy is expected to grow between 3.8% and 4.4% this year over 2017, according to a new economic forecast from the trade group the National Retail Federation.

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

February 2, 2018 - Industry News

Earnings Watch: Schneider, Saia, USA Truck, YRC Worldwide

While Schneider National Inc. and Saia Corp. reported better numbers, USA Truck Inc. returned to only partial profitability and YRC Worldwide Inc. reported losses in both time frames.

Tags: Economy, Earnings, USA Truck, YRC Worldwide, Saia

February 2, 2018 - Industry News

Intermodal Freight Numbers Finish the Year Strong

Intermodal freight volumes saw a growth rate of 5.8% year over year. Source: IANA

Intermodal freight volumes posted a strong fourth quarter that saw a growth rate of 5.8% year over year, according to an Intermodal Association of North America report.

Tags: Economy, Intermodal, Freight, IANA, Freight Volume

February 2, 2018 - Industry News

Economic Watch: Employment, Factory Orders Continue Growing

A sizeable gain in trucking employment helped the total number of job additions move higher in January, according to a new Labor Department report.

Tags: Economy, Unemployment, Factory Orders, Employment, Factory Shipments

February 1, 2018 - Industry News

Economic Watch: Reports Show 2018 Started Near Last Year's Higher Pace

A measure of the U.S. manufacturing sector released Thursday is just one in a raft of new economic reports that showed 2018 began with a similar pace to that seen when 2017 wrapped up.

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

January 29, 2018 - Industry News

4th Quarter Freight Spending Surges as Shipments Ease

Results of the latest U.S. Bank Freight Payment Index. Graphic: U.S. Bank

A measure of the nation’s freight market showed gains in both spending and shipments during the fourth quarter of 2017, but the strength of the advances differed widely.

Tags: Economy, U.S. Bank, Freight, Freight Rates

January 26, 2018 - Industry News

Economic Watch: GDP Slows in Final Quarter, Durable Goods Remain Strong

The nation’s overall economic performance slowed in the final quarter of last year but turned in better performance for all of 2017 than it did for all of 2016, according to new Commerce Department figures.

Tags: Economy, Interest Rates, GDP, Durable Goods, Manufacturing, Federal Reserve, Gross Domestic Product

January 25, 2018 - Industry News

U.S.-NAFTA Freight Value Posts 13th Straight Monthly Gain

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

An increase in the price of crude oil is largely responsible for another jump in the value of freight moved between the U.S. and its two North American Free Trade Agreement partners, according to new U.S. Transportation Department figures.

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

January 25, 2018 - Industry News

Economic Watch: Economy Continues to Show Improvement, New Homes Sales Solid

A barometer of where the U.S. economy is headed over the next several months showed it continued to increase, according to a report released on Thursday, while a separate one revealed sales of new homes in the U.S. tumbled in the final month of last year but improved for all of 2017.

Tags: Economy, Home Sales, Leading Economic Indicators

January 24, 2018 - Industry News

Economic Watch: Manufacturing Starts Strong, Home Sales up Last Year

Manufacturers reported a strong start to 2018, with production volumes and incoming new work both rising at faster rates than seen at the end of last year. A separate report showed while existing home sales improved last year, they ended 2017 on a lower note.

Tags: Economy, Manufacturing, Home Sales

January 24, 2018 - Industry News

Trucking Economy Forecast Looks Good for 2018

MacKay & Co.'s proprietary measure, Truckable Economic Activity, reflects the portion of the GDP that spends its time in trucks. Photo courtesy Today's Trucking via Twitter.

Truckable Economic Activity is expected to continue at its current pace, according to Dr. Bob Dieli, president and founder of RDLB Inc., speaking at Heavy Duty Aftermarket Dialogue in Las Vegas.

Tags: Economy, HDAD, HDAW, MacKay and Co.


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