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Economy

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December 2, 2016 - Industry News

Economic Watch: Unemployment Lowest Since Great Recession

Unemployment in the U.S. continued falling in November, hitting its lowest level since 2007, according to Labor Department figures issued Friday, as the trucking industry also contributed to some of the job additions.

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

December 1, 2016 - Industry News

Economic Watch: Manufacturing, Construction Post Impressive Gains

In another sign the U.S. economy is gathering more steam, two reports released Thursday morning showed a strong rebound in the nation’s manufacturing sector while another indicated construction remains strong following earlier positive indicators.

Tags: Economy, Manufacturing, Construction Spending

November 29, 2016 - Industry News

Value of Cross-Border Freight Falls Following One-Month Gain

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

The value of freight movements between the U.S. and its two next door neighbors moved back into negative territory following the first year-over-year increase since late 2014.

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

November 29, 2016 - Industry News

Economic Watch: GDP Posts Biggest Jump in 2 Years, Consumer Confidence Soars

Overall U.S. economic growth increased more in the third quarter of the year than first projected, according to a new Commerce Department report, and will likely pave the way for an interest rate hike in December.

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

November 28, 2016 - Industry News

Cass Freight Measures Post First 2016 Gains

Two measures of freight shipping posted their first year-over-year improvements in more than 12 months, indicating there has been more than the usual fall surge in shipment volume.

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

November 17, 2016 - Industry News

Economic Watch: Latest Numbers Make Interest Rate Hike More Likely

New government numbers show housing starts in the U.S. surged in October, as a measure of consumer prices also rose, likely paving the way for the Fed to raise interest rates before the year is out.

Tags: Economy, Interest Rates, Consumer Prices, Housing Starts, Federal Reserve

November 17, 2016 - Industry News

Earnings Watch: Patriot Profit Higher, Others Mixed

Third-quarter financial reports from fleets and equipment makers continue to reflect a tepid freight environment.

Tags: Patriot Transportation, Cummins, Cummins Westport, Westport, Fleet Earnings, Quarterly Earnings, Economy, Radiant Logistics

November 16, 2016 - Industry News

Economic Watch: Growth Continues, Sluggish in Some Areas

While the amount of U.S. industrial production was unchanged in October after falling 0.2% in September, manufacturing managed to squeeze out a gain, as optimism in the housing market continued amid signs of slower than usual growth.

Tags: Economy, Industrial Production, Manufacturing, Wholesale Prices, Producer Prices, Home Building

November 15, 2016 - Industry News

Economic Watch: Retail Sales Surge, Up 4.3% Over Past Year

Retail sales in the U.S. jumped in October, according to Commerce Department figures released Tuesday, surpassing analysts’ expectations.

Tags: Economy, Retail Sales, Business Inventories

November 9, 2016 - Industry News

For-Hire Freight Shipments Fall for Second Straight Month

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

A new U.S. Transportation Department report shows the total amount of for-hire freight moved in the country fell 0.6% in September from the month before, the second consecutive monthly drop.

Tags: Economy, Railroads, Intermodal, Freight Index

November 4, 2016 - Industry News

Economic Watch: Trucking Helps Boost Overall Employment, Factory Activity Up

Employers continued adding jobs in the U.S. during October, according to a new Labor Department report, and trucking was one of many industries that helped push the number higher.

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

November 4, 2016 - Industry News

Earnings Watch: USA Truck Reports Quarterly Loss

The trucking company USA Truck reported on Friday that its financial picture turned slightly negative in the third quarter of the year as it continues to move to a more asset-light business

Tags: Economy, USA Truck, Fleet Earnings

November 3, 2016 - Industry News

Earnings Watch: ArcBest Profit Falls, Celadon Reports Loss

The parent of a company primarily known for its less-than-truckload fleet saw its profit fall by nearly a third while a separate carrier that provides long-haul truckload and other services moved into the red, according to newly released earnings numbers.

Tags: Economy, Celadon Trucking Services, Celadon Group, Panther, ABF, ArcBest Corp., Fleet Earnings

November 2, 2016 - Industry News

Earnings Watch: XPO, Roadrunner Report Improved Earnings

While many trucking operations have reported lower third quarter profits during this earnings season, there were two exceptions on Wednesday.

Tags: Economy, Roadrunner Transportation, XPO Logistics, Fleet Earnings

November 1, 2016 - Industry News

Economic Watch: Manufacturing Continues Rebound, Construction Falls

New economic reports show the nation’s manufacturing sector continues improving along with consumer spending-- the latest signs the overall economy is gaining traction-- while a separate report shows construction activity has eased, but only just a bit.

Tags: Economy, Manufacturing, Consumer Spending, Construction Spending

October 28, 2016 - Industry News

Economic Watch: GDP Growth Roars Back, Hits 'Turning Point'

Growth in the U.S. economy accelerated in the third quarter of the year, posting its biggest gain in two years, according to Commerce Department numbers released Friday morning. However, a separate report shows consumer confidence slipped.

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

October 27, 2016 - Industry News

Earnings Watch: YRC, Universal Truckload Post Smaller Profits

Earnings for the parent of the mainly less-than-truckload carrier YRC Freight and others turned in a smaller third quarter numbers late Thursday, while one logistics operator also reported its profit is down from a year ago.

Tags: Economy, YRC Worldwide, YRC Freight, Fleet Earnings, Universal Logistics Holdings

October 27, 2016 - Industry News

Cross-Border Freight Value Posts First Hike in More Than a Year

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

The total value of U.S. freight moved between Canada and Mexico during August posted its first year-over-year increase since December 2014, according to new Transportation Department figures.

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

October 27, 2016 - Industry News

Earnings Watch: UPS, ODFL Rise; Knight, P.A.M., Hub, Echo Fall

At a time when many trucking companies are reporting lower third quarter profits, two report slight gains – but they remain the exception rather than the rule.

Tags: Economy, UPS, Old Dominion Freight Line, Knight Transportation, UPS Freight, Echo Global Logistics, Hub Group, PAM Transport, Fleet Earnings

October 27, 2016 - Industry News

Economic Watch: Durable Goods Mixed, New Home Sales Best in 9 Years

Shipments and new orders for long-lasting manufactured durable goods were varied in September. While home sales continue growing, one key economic indicator fell.

Tags: Economy, Durable Goods, Manufacturing, Home Sales

October 26, 2016 - Industry News

Earnings Watch: Saia Earnings Up, C.H. Robinson Down

As more trucking companies report third quarter earnings, most are showing profits are down from the same time a year ago – but there are a few exceptions.

Tags: Economy, Saia, C.H. Robinson, Fleet Earnings

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

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