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Economy

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December 13, 2017 - Industry News

Economic Watch: Fed Boosts Interest Rates Again, More Hikes Planned

The U.S. Federal Reserve’s Federal Open Market Committee raised interest rates again Wednesday. It's a sign that the Fed believes the economy is in no danger of slowing down, including taking into consideration this week's latest economic reports.

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

December 13, 2017 - Industry News

For-Hire Freight Level Hits Third Record High in Past Four Months

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

A measure of the amount of freight moved by the nation’s for-hire transportation industry rebounded to another record high in October, according to new Transportation Department figures, following a decline the month before.

Tags: Economy, Freight Index

December 12, 2017 - Industry News

FTR Trucking Conditions Index Spikes in October

The FTR Trucking Conditions Index for October, jumped to a reading of 9.48, way up from the previous month's level of 3.5.

Tags: Economy, Freight, FTR, Trucking Conditions Index

December 8, 2017 - Industry News

Economic Watch: Trucking Helps With Most Recent Job Gains, Consumer Sentiment Cools

The U.S. economy added another 228,000 non-farm jobs in November, aided by job gains in the trucking industry, according to a Labor Department report released Friday.

Tags: Economy, Unemployment, Consumer Sentiment, Employment

December 4, 2017 - Industry News

Economic Watch: Manufacturing Still Hearty Despite Small Declines, Construction Jumps

Manufacturing activity in the U.S. remains strong, despite small declines recorded in three reports, while the construction sector posted its biggest gain in nearly half a year.

Tags: Economy, GDP, Manufacturing, Construction Spending

November 29, 2017 - Industry News

Economic Watch: Growth Revised to Highest Level in 3 Years, Consumers Upbeat

Total U.S. economic activity in this year's third quarter increased more than originally estimated, according to revised numbers issued Wednesday by the Commerce Department.

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

November 28, 2017 - Industry News

Economic Watch: Cyber Monday Sets Online Shopping Records

The Monday after Thanksgiving, nicknamed Cyber Monday, was the largest online shopping day in history for U.S. retailers, with $6.59 billion worth of goods sold – a 16.8% increase from the year before.

Tags: Economy, E-commerce

November 27, 2017 - Industry News

Economic Watch: New Home Sales Hit 10-Year High, Manufacturing Eases a Bit

Sales of new homes rose last month while two separate reports show the nation’s manufacturing sector is nearly as strong this month as it was during October.

Tags: Economy, Durable Goods, Manufacturing, Home Sales

November 27, 2017 - Industry News

Cross-Border Freight Value Posts 11th Straight Monthly Increase

U.S.-NAFTA Freight Value Percent Change from Previous Year, September 2017. Graphic: U.S. DOT

The value of freight moved between the U.S. and its North American Free Trade Agreement partners increased for the 11th straight month during September, according to new Transportation Department figures, but it's the smallest gain since April.

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

November 21, 2017 - Industry News

Economic Watch: Existing Home Sales, Leading Indicators Jump

Existing-home sales increased in October to their strongest pace since earlier this summer, according to a new report, while a separate one showed the overall U.S. economy continued growing at a strong pace last month.

Tags: Economy, Home Sales, Leading Economic Indicators

November 17, 2017 - Industry News

Economic Watch: Housing, Industrial Production, E-Commerce Sales Improve

The U.S. housing market improved in October following some ups and downs earlier in the year, while industrial production jumped in part due to increased manufacturing. And e-commerce retail sales continued booming in the third quarter.

Tags: Economy, Retail Sales, E-commerce, Industrial Production, Housing, Manufacturing, Housing Starts

November 15, 2017 - Industry News

Economic Watch: Retail Sales, Consumer Prices Edge Higher

One of the biggest drivers of the American economy unexpectedly improved again in October, increasing hopes for a strong overall fourth quarter economic performance. A separate report showed just a minimal rise in inflation, but it’s likely strong enough to led the Federal Reserve to push interest rates higher next month.

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

November 14, 2017 - Industry News

Economic Watch: Estimated 164 Million Hitting Stores Thanksgiving Weekend

The biggest shopping weekend of the year is right around the corner, and two out of every three Americans are planning to shop or considering shopping during Thanksgiving weekend, according to a new report. And that means a lot of freight moving by trucks.

Tags: Economy, Retail Sales

November 13, 2017 - Industry News

Economic Watch: Global Growth Expected to Hit 3% in 2018

Global outlook for gross domestic product growth rates, 2017-2027. Graphic: The Conference Board

After exceeding expectations in 2017, the global economy is projected to continue its current momentum to generate a 3% growth rate through 2018, according to The Conference Board’s latest Global Economic Outlook.

Tags: Economy, Global

November 8, 2017 - Industry News

For-Hire Freight Level Continues Hitting New Record Highs

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

A measure of the amount of freight moved by the nation’s for-hire transportation industry reached another all-time monthly high in September, according to newly released figures, rising 0.2% above the previous highest level hit a month earlier.

Tags: Economy, Railroads, Freight, Freight Index

November 3, 2017 - Industry News

Perry, Gross to Leave FTR Transportation Intelligence

Noël Perry (left) and Larry Gross speaking at the FTR Transportation Conference. Photo: Evan Lockridge

FTR Transportation Intelligence has announced the conclusion of its business relationships with Noël Perry, principle of Transportation Economics, and Lawrence Gross, president of Gross Transportation Consulting.

Tags: Economy, People, FTR, Market Analysis

November 3, 2017 - Industry News

Economic Watch: Employment Recovers from Previous Month, Factory Orders Strong

Employers added another 261,000 non-farm jobs to the nation’s payrolls in October, but none were from trucking, according to a Labor Department report. A separate report showed another good month for the nation’s factories.

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

November 1, 2017 - Industry News

Economic Watch: Manufacturing Keeps Expanding but Construction Uneven

The nation’s manufacturing sector continued growing over an array of industries last month, though there is a bit of disagreement as to how fast it is expanding, following the release of two reports.

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

October 31, 2017 - Industry News

Truckload Linehaul, Intermodal Pricing Jump at Least 4%

Separate measures of truckload linehaul and intermodal rates moved higher in September, according to newly released reports, as the U.S. battered hurricanes and higher fuel prices.

Tags: Economy, Diesel Prices, Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates

October 25, 2017 - Industry News

Trucking Groups Urge NAFTA Negotiators to Support Trade

Although much of the discussion has revolved around Mexico, a great deal of goods travel by truck between the U.S. and Canada, as well. Photo: Jim Park

ORLANDO – Three of North America’s largest trucking associations – American Trucking Associations, the Canadian Trucking Alliance, and Mexico’s CANACAR – have come to the defense of the North American Free Trade Agreement, which they see as a business driver.

Tags: Canada, Economy, Mexico, NAFTA, ATA MC&E

October 25, 2017 - Industry News

U.S.-NAFTA Freight Rises for 10th Straight Month

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

The value of freight moved between the U.S. and its North American Free Trade Agreement Partners totaled $97.4 billion during August as all five major transportation modes carried more cargo by value, according to the U.S. Transportation Department.

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

October 22, 2017 - Industry News

New Gauge of Freight Shipping and Economy Debuts at ATA

Bob Costello, chief economist for the American Trucking Associations, explains about the new U.S. Bank Freight Payment Index. Photo: Evan Lockridge

ORLANDO - U.S. Bank announced the launch of a new barometer for assessing the nation’s shipping industry on Sunday during the American Trucking Associations’ Management Conference and Exhibition in Florida.

Tags: Economy, ATA MC&E

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

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