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Economy

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October 18, 2017 - Industry News

Economic Watch: Hurricanes Hit Housing, Industrial Production

Home building in the U.S. slowed in September, according to a new report, while a separate one showed that the total amount of output from the nation’s factories, mines and utilities moved higher during the month. Results of both reports would have been better had it not been for two hurricanes.

Tags: Economy, Industrial Production, Housing Starts

October 13, 2017 - Industry News

Economic Watch: Consumer Prices Jump; Retail Sales and Consumer Sentiment Skyrocket

Retail prices recorded their biggest hike in eight months in September, according to a new report, while separate ones show the best improvement in retail sales in more than two years amid consumer sentiment hitting its highest level since 2004.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Consumer Sentiment

October 13, 2017 - Industry News

Trucking Drives Another Record-Setting Month in For-Hire Freight Movements

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

The amount of freight moved by U.S. for-hire transportation providers hit an all-time high again in August, according to Transportation Department figures, after breaking the previous record the month before.

Tags: Economy, Freight

October 6, 2017 - Industry News

Economic Watch: Employment Strong Despite Slip, Factory Activity Jumps

The nation’s unemployment rate dipped in September, while overall and trucking employment changed little, as factory orders, including those for core capital goods, rose in August.

Tags: Economy, Unemployment, Factory Orders, Employment

October 4, 2017 - Industry News

Cross-Border Freight Value Increases for Ninth Straight Month

U.S.-NAFTA freight value percent change from previous year, July 2017. Graphic: U.S. DOT

Trucking along with the other four major freight modes moved more cargo by value with North American Free Trade Agreement partners Canada and Mexico in July when compared to a year ago, according to new Transportation Department figures.

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

October 2, 2017 - Industry News

Celadon Refinancing Amid SEC investigation

The Celadon Group continues to restructure its assets in an attempt to create more liquidity, while it is being investigated by the Securities and Exchange Commission.

Tags: Economy, SEC, Celadon Group

October 2, 2017 - Industry News

Economic Watch: Manufacturing Surges, Construction Rebounds

Manufacturing activity in the U.S. turned higher in September, hitting its highest level in 13 years, according to newly released survey results of supply executives. A separate report showed construction spending rebounded after two straight monthly drops.

Tags: Economy, GDP, Manufacturing, Construction Spending, Gross Domestic Product

September 22, 2017 - Industry News

Economic Watch: September Manufacturing, Leading Indicators Improve

A first-look at how the manufacturing economy is performing this month shows conditions have improved to a two-month high, while a separate report indicates the overall economy improved again in August as the outlook calls for continued growth through the second half of the year.

Tags: Economy, GDP, Manufacturing, Leading Economic Indicators, Gross Domestic Product

September 21, 2017 - Industry News

Trucking Ready to Shift Into High Gear, Conditions Index Indicates

Source: FTR

FTR’s Trucking Conditions Index for July remains in a positive range with a reading of 5.75, reflecting tightening capacity, rising spot rates.

Tags: Operating Costs, Economy, Labor Costs, Market Trends, FTR, TCI, Trucking Conditions Index

September 20, 2017 - Industry News

Economic Watch: Existing Home Sales Slow, New Construction Uneven

Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity. And housing starts fell for the second straight month.

Tags: Economy, Home Sales, Housing Starts, Hurricane Harvey, Hurricane Irma

September 15, 2017 - Industry News

Economic Watch: New Figures Showing Storm Damage

Retail sales in the U.S. reversed course in August along with industrial production, both taking a hit due to due to recent storms, as price inflation reared its head, while consumers appeared to be ever resilient.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Consumer Sentiment, Federal Reserve, Producer Prices, Hurricane Harvey, Hurricane Irma

September 13, 2017 - Industry News

Trucking Helps Push For-Hire Freight Movements to New High

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

The level of for-hire freight shipments in the U.S during July hit another record high, according to new Transportation Department figures, eclipsing two previous records set just earlier this year.

Tags: Economy, Railroads, Freight Index

September 13, 2017 - Industry News

FTR Conference: Expect 'Sauntering' Economy to Continue

"Sometimes growing stronger is also the next thing that leads to the next recession," said Dr. Larry Davidson, professor emeritus of business economics and public policy at Indiana University’s Kelley School of Business. Photo: Evan Lockridge

"Sometimes growing stronger is also the next thing that leads to the next recession." Dr. Larry Davidson, professor emeritus of business economics and public policy at Indiana University’s Kelley School of Business, talked about "secular stagnation" at the FTR Transportation Conference.

Tags: Economy, FTR, GDP

September 5, 2017 - Industry News

Economic Watch: Capital Goods Orders Spike

An indicator of business spending surged in July despite a big drop in total factory orders, according to final numbers released Tuesday by the Commerce Department.

Tags: Economy, Factory Orders, Factory Shipments

September 1, 2017 - Industry News

Economic Watch: Manufacturing Jumps as Employment, Construction Slow

Job growth slowed in August, according to government numbers released Friday, while other economic reports showed manufacturing hitting a six-year high as total construction spending unexpectedly slowed – and consumers are in the best mood since 2000.

Tags: Economy, Unemployment, Manufacturing, Consumer Sentiment, Construction Spending, Employment

August 30, 2017 - Industry News

Economic Watch: GDP Best in 2 Years as Employment and Consumer Confidence Remain High

The widest measure of the health of the American economy was revised higher for the second quarter of the year, hitting its best pace in two years, while separate reports show hiring and consumers' feeling about the economy remain strong.

Tags: Economy, GDP, Consumer Confidence, Employment, Gross Domestic Product, Hurricane Harvey

August 25, 2017 - Industry News

Analysis: Industrial Activity Points to a Mixed Picture

Recent reports on industrial activity have done little to change FTR's viewpoint on the strength of the U.S. economy or freight demand.

Tags: Economy, FTR, Manufacturing

August 25, 2017 - Industry News

Economic Watch: Core Capital Goods Orders Soar, Existing Home Sales Slip

New orders for big-ticket durable goods fell in July by the most in nearly three years, while the market for existing home sales cooled following a drop in new home sales.

Tags: Economy, Durable Goods, Home Sales

August 24, 2017 - Industry News

Cross-Border Freight Increases for 8 Straight Months

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

The value of freight moved between the U.S. and its North American Free Trade Agreement partners Canada and Mexico increased in June for the eighth consecutive month, according to new Transportation Department figures, though the hike for trucking was less than most other modes.

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

August 23, 2017 - Industry News

Economic Watch: Manufacturing Still Expanding, New Home Sales Drop

A first look at business conditions in the U.S. manufacturing sector for August showed it continued to improve, though at a slightly weaker pace, while a separate report shows the volatility of the new home market.

Tags: Economy, Manufacturing, Home Sales

August 22, 2017 - Industry News

Increased Costs Could Mean Less Favorable Trucking Conditions

Source: FTR

FTR’s Trucking Conditions Index fell by more than two points in June as a result of increased costs for labor, fuel, and equipment, reflecting less favorable conditions for trucking.

Tags: Operating Costs, Economy, Fuel Costs, Labor Costs, FTR, Trucking Conditions Index

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

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