June 11, 2013 - Industry News
To sum up the general economic outlook for the upcoming months in one sentence: More of the same for 2013 and then better in 2014. That is how FTR Associates Senior Consultant Bill Witte predicted the overall economy will be in the near future at the recent State of Freight Summit held by FTR.
Tags: Economy, Driver Shortage, FTR, State of Freight
June 7, 2013 - Industry News
Despite a drop in trucking jobs in May, employment in the for-hire trucking segment is up greatly from earlier levels, with about 40,000 jobs being added in the past 12 months and around 152,000 added from three years ago.
June 5, 2013 - Industry News
The overall April increase was less than a consensus forecast of economist polled by Reuters, increasing concerns that these and other economic indicators show the economy is not as robust in the second quarter of the year as it was during the first quarter.
June 4, 2013 - Industry News
If traffic congestion is a good indicator of the health of the economy, then some economists’ recent concerns about hitting a so-called “soft patch” during the current quarter may be unfounded.
Tags: Economy, Traffic Congestion
June 3, 2013 - Industry News
Total spending in the United State on construction remains volatile. while manufacturing has declined. A new report from the U.S. Commerce Department show construction spending in April increased 0.4% from the month before. In March activity fell 0.8%, after rising in February and declining 4% in January.
Tags: Economy, Construction, Manufacturing
May 31, 2013 - Industry News
Consumers pulled back on their spending in April -- dropping 0.2% from a downwardly revised 0.1% increase in March -- but still have good confidence in the American economy, according to separate reports.
Tags: Economy, Consumer Confidence, Consumer Spending
May 30, 2013 - Industry News
The U.S. Commerce Department reports the gross domestic product expanded at an annual rate of 2.4%, down from 2.5% reported last month. The rate is still much higher than the 0.4% rate reported in the final quarter of last year.
Tags: Economy, GDP
May 29, 2013 - Industry News
A new report issued by the American Trucking Associations shows trucking continues to be the dominant mode of freight transportation in the United States as even more goods were delivered by truck.
Tags: Economy, ATA, Freight
A new U.S. Transportation Department report shows the value of goods moving between the U.S. and its NAFTA partners by all modes of transportation decreased by 4% in March compared to a year ago, but rose 63.7% compared to March 2009.
Tags: U.S. Department of Transportation, Freight, NAFTA, Canada, Mexico, Economy
May 28, 2013 - Industry News
Despite federal budget cutbacks and people getting hit with Social Security taxes returning to normal, consumers feel better about the American economy than they have in five years.
Tags: Economy, Consumer Confidence
May 24, 2013 - Industry News
A first look one economic indicator shows improvement in one area of durable goods while conditions lag in another – but some analysts say this part of U.S. economy continues to improve.
Tags: Economy, Durable Goods, Home Sales
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
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