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October 24, 2016 - Industry News

Economic Watch: Manufacturing, Leading Indicators Rebound

New preliminary numbers suggest U.S. manufacturers started the fourth quarter in a strong fashion, and other numbers point to an improving overall economy in the final three months of the year -- with manufacturing and housing, two key areas related to truck freight, helping lead the way.

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

October 20, 2016 - Industry News

Earnings Watch: Heartland, Werner, Forward Air Profits Fall, Marten Stable

UPDATED -- The third quarter earnings season continued on Thursday with the release of reports showing more trucking companies had lower earnings compared to a year ago, with another held on.

Tags: Economy, Werner Enterprises, Heartland Express, Forward Air, Fleet Earnings, Marten Transport

October 19, 2016 - Industry News

Earnings Watch: Covenant Profit Plunges 62%, Landstar Slips 7.6%

Profit for the Tennessee-based parent to Covenant Transport plummeted in the third quarter, while Landstar System recorded only a 7.6% decline, according to numbers released late Wednesday afternoon.

Tags: Economy, Covenant Transport, Landstar System, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

October 19, 2016 - Industry News

Freight Index Disappoints After Offering ‘False Hope’

After offering a glimmer of “less bad” hope in August, one measure of freight shipments data in September disappointed.

Tags: Economy, Freight Rates, Cass Freight Index

October 19, 2016 - Industry News

Economic Watch: Consumer Prices Jump, May Push Interest Rates Higher

While the strength of nation’s homebuilding market has eased just a bit, it remains robust. Meanwhile, a measure of consumer prices show it’s approaching a level the Federal Reserve has said it needs to hit in order to raise interest rates.

Tags: Economy, Interest Rates, GDP, Home Starts, Consumer Prices, Federal Reserve, Home Building, Gross Domestic Product

October 17, 2016 - Industry News

Economic Watch: Manufacturing Pushes Industrial Production Higher

The total output from the nation’s factories, mines and utilities rebounded last month, posting its best quarterly performance in a year, due in part to increased manufacturing, according to new Federal Reserve figures.

Tags: Economy, Interest Rates, Industrial Production, Manufacturing, Federal Reserve

October 17, 2016 - Industry News

Earnings Watch: Lower J.B. Hunt Numbers Kick off 3rd Quarter Reports

Third quarter earnings for the nation’s trucking companies began rolling in on Monday, following reports of lowered expectations as several negative factors weigh on the nation’s freight markets.

Tags: JB Hunt, Covenant Transportation Group, Fleet Earnings, Universal Logistics Holdings, Economy, Forward Air

October 14, 2016 - Industry News

Economic Watch: Retail Sales Rebound But Consumers Less Upbeat

Retail sales in the U.S. posted a solid gain in September, indicating consumers remain confident about the economy – but a separate report revealed that certainty is being hit by the race for White House.

Tags: Economy, Retail Sales, Consumer Confidence, Wholesale Prices, Consumer Sentiment, Producer Prices, Business Inventories

October 13, 2016 - Industry News

For-Hire Freight Slips Following Four Straight Monthly Gains

Freight Transportation Services Index, August 2011 - August 2016. Graphic: U.S. DOT

The amount of freight moved by the nation’s for-hire transportation industry fell in August after rising four straight months, according to new Transportation Department figures, and reflecting trends in the overall economy.

Tags: Economy, Freight Index

October 7, 2016 - Industry News

Economic Watch: Trucking Employment Sinks, Manufacturing Gains

Trucking employment in the U.S. slipped in September despite overall non-farm job growth moving higher for the 72nd straight month, according to a new Labor Department report. But other reports indicate manufacturing is regaining some steam, fueling speculation over an interest rate hike.

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

October 2, 2016 - Industry News

Uncertainty Holding Back Growth, Says Economist at ATA MC&E

The economy and its effect on trucking was the topic of a general session on Sunday, hosted by American Trucking Associations' Chief Economist Bob Costello and his guest and analyst Diane Swonk, at the ATA's annual convention in Las Vegas. Photo: Evan Lockridge

LAS VEGAS -- There is a lot of uncertainty about where the economy is headed, but there is reason for hope that it and business conditions for trucking are slowing improving.

Tags: ATA MC&E, Economy

September 28, 2016 - Industry News

Economic Watch: Business Investment Increasing, Consumer Confidence Soars

A preliminary report shows new orders and shipments for big-ticket manufactured durable goods lost steam in August. Inside the report, however, is some evidence that business investment for the long term is increasing.

Tags: Economy, Consumer Confidence, Durable Goods, Home Sales

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



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