May 17, 2013 - Industry News
A barometer of future U.S. economic activity rose in April following a drop in March, signaling growth could speed up later in the year. The Index of Leading Economic Indicators from the private research group The Conference Board, shows a 0.6% gain in April to 95, following a downwardly revised 0.2% drop in March.
Tags: Economy, Consumer Confidence, The Conference Board
May 16, 2013 - Industry News
Building of new homes in the United States fell in April to its lowest level since November, but the rate is still well above the same time a year ago, and new building permits are at their highest level since June 2008.
Tags: Economy, Housing
May 15, 2013 - Industry News
Industrial production in the United States tumbled in April, the biggest drop in eight months. The Federal Reserve says the total output at the nation’s factories, mines and utilities fell 0.5% following a downwardly revised 0.3% gain in March.
Tags: Economy, Industrial Production, Wholesale Prices
May 13, 2013 - Industry News
Retail sales in the United State edged slightly higher in April after falling the month before, but analysts say the gains are broad-based.
Tags: Economy, Retail Sales
May 8, 2013 - Industry News
The amount of freight carried by the for-hire transportation industry rose 0.3% in March from February, rising for the fifth month in a row, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
Tags: Economy, Freight, BTS
May 3, 2013 - Industry News
Job creation overall in the United States as well as in trucking both posted solid gains in April according to a new report, leading to a surge on Wall Street as well as an increase in the price of oil.
Tags: Economy, Unemployment
April 24, 2013 - Industry News
The government’s first look at shipments and new orders for manufactured durable goods in the U.S. during March shows mixed performance.T he U.S. Commerce Department reports shipments increased in March from the month before by 0.4% to $230 billion. This is the highest level on record, going back to 1992.
Tags: Economy, Durable Goods
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index gained 0.9% in March after decreasing 0.7% in February. Tonnage has now increased in four of the last five months.
Tags: ATA, Truck Tonnage Index, Economy
April 23, 2013 - Industry News
Sales of new homes in the United States continue getting better, while sales of existing ones have dipped just slightly.
April 18, 2013 - Industry News
The latest read on where the U.S. economy is heading suggests activity will slow a bit in the coming months.
Tags: Economy, The Conference Board
April 16, 2013 - Industry News
The latest numbers about the health of the U.S. economy are more upbeat than those that came out last week. Industrial production rose in March by 0.4% from the month before due to utilities using more energy and a surge in auto production and new homes starts in the country have hit an annual level not seen in nearly four years.
Tags: Economy, Industrial Production, Home Starts, Consumer Prices
April 12, 2013 - Industry News
Retail sales and consumer confidence have taken a downturn, but the reasons for it aren’t clear, while producer prices fell and business inventories have barely moved higher.
Tags: Economy, GDP, Retail Sales, Consumer Confidence
April 5, 2013 - Industry News
Job growth in the United State stumbled in March, according to a report released Friday morning. Employers added a total of only 88,000 jobs, according to the U.S. Labor Department, about half the number many analysts were expecting.
April 2, 2013 - Industry News
A new full report from the U.S. Commerce Department shows factory goods shipments and orders are continuing a nearly non-interrupted streak of increases, which combined with other evidence bodes well for the near future of trucking.
Tags: Economy, Durable Goods, Manufacturing, Construction
March 26, 2013 - Industry News
Shipments and orders of manufactured durable goods, increased in February according to numbers released today from the U.S. Commerce Department, while home sales slid and consumer confidence fell in March.
Tags: Economy, Housing, Durable Goods, Manufacturing, Consumer Confidence
March 20, 2013 - Industry News
FTR Associates’ Shippers Conditions Index for January slipped an additional two points since the previous report, falling to a negative 7.1, reflecting deteriorating conditions for shippers in the early months of 2013. Translated, it means that motor carriers and other transportation providers have more clout to obtain rate increases.
Tags: Economy, FTR, Shippers
March 19, 2013 - Industry News
The American Trucking Associations' Truck Tonnage Index rose 0.6% in February, marking the fourth straigth month of increases -- which hasn't happened since late 2011.
Tags: Economy, ATA, Truck Tonnage Index
March 13, 2013 - Industry News
U.S. retail sales rose in February by the greatest level since September. The U.S. Commerce Department on Wednesday reported a 1.1% increase from the month before with the January figure being upwardly revised to a 0.2% gain. February activity was 4.6% higher than the same time a year ago.
March 6, 2013 - Industry News
A new government report on U.S. manufactured shipments and orders for February is the latest in a recent string of economic numbers that sound worse than they really are.
Tags: Economy, Durable Goods, Manufacturing
The driver shortage is already intensifying, with the number of both new and experienced driver applicants down over the last couple of months, as economic signs lead to improved optimism about increases in freight and rates this year, according to a panel discussion of three major truckload executives Tuesday at the Truckload Carriers Conference annual convention in Las Vegas.
Tags: Drivers, Economy, Hours of Service, C.R. England, Werner Enterprises, TCA, U.S. Xpress
March 5, 2013 - Industry News
Many economists have called the slow 1.5% to 2% GDP growth "the new normal." But Steve Forbes, chairman and editor in chief of Forbes Media, calls it "the new abnormal" and believes a few significant policy changes would turn things around.
Tags: Economy, Health Issues, TCA, Business Costs
February 27, 2013 - Industry News
Shipments of manufactured durable goods fell in January, according to a new advance report released by the U.S. Commerce Department. The 1.2% decline from the month before is the first drop in four months.
February 26, 2013 - Industry News
While trucking and the rest of the nation are nervous about the increasing likelihood of federal budget sequestration and its effect on the economy, some of the first numbers out show the year has started off better than expected.
Tags: Economy, Consumer Confidence, Housing
February 15, 2013 - Industry News
Consumer confidence rose in February, according to the latest Thompson Reuters/University of Michigan survey, blowing past what a poll of economists were forecasting, but January industrial production numbers were not so stellar.
Tags: Economy, Consumer Confidence, Industrial Production
Reaching the highest-ever volume for the month of January, the DAT North American Freight Index increased 42% last month compared to January 2012. Freight volume was unusually robust for the season, exceeding December levels by 24%
Tags: Economy, Freight, DAT, Spot Freight, Brokers
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