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Economy

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April 5, 2016 - Industry News

Economic Watch: Exports Increase, Service Sector Expands

While the U.S. trade deficit increased to a six-month high in February, U.S. exports seem to finally be turning around for the better. Meanwhile, the nation’s service sector improved again last month, and a final report on manufacturing offers hope for this freight-significant indicator.

Tags: Economy, Factory Orders, Non-Manufacturing, Factory Shipments, Trade

April 1, 2016 - Industry News

Economic Watch: Employment Jumps, Manufacturing Awakens

The number of jobs added in March grew by another healthy pace, but not in trucking, while the nation’s manufacturing sector ended months of declining factory activity and overall construction fell slightly in February, according to the latest economic reports released Friday.

Tags: Economy, Unemployment, Manufacturing, Construction Spending, Employment

March 25, 2016 - Industry News

Economic Watch: GDP Growth Revised Upward, Durable Goods Fall Again

Growth in the overall American economy in the final quarter of last year improved by double the government's initial estimate, according to a U.S. Commerce Department report released Friday. A separate reports shows the country’s manufacturing sector is still sluggish but housing continues to do well.

Tags: Economy, GDP, Durable Goods, Manufacturing, Home Sales, Gross Domestic Product

March 22, 2016 - Industry News

Economic Watch: Manufacturing Subdued but Growing, Home Sales Fizzle

The first reading on the U.S. manufacturing sector for this month shows a slight uptick in activity, but growth remains weak as it has since the start of the year, and existing home sales slumped.

Tags: Economy, Manufacturing, Home Sales

March 17, 2016 - Industry News

Truckload, Intermodal Rates Drop Again

Truckload linehaul freight rates have fallen again and are barely higher than a year ago, while rates for intermodal shipments have dropped for the 14th straight month, according to the latest Cass indexes.

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

March 16, 2016 - Industry News

Earnings Watch: FedEx Profit Falls, Adjusted Earnings Up

Trucking and parcel delivery company FedEx Corp. on Wednesday reported lower quarterly profits, but adjusted earnings were better than expectations.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, Economy, FedEx

March 15, 2016 - Industry News

Port Traffic Expected to Return to Normal Patterns

Photo courtesy the Port of Long Beach

Import cargo volume at the nation’s major retail container ports should see its traditional buildup toward the summer, despite difficult comparisons with last year’s unusual patterns, according to one report.

Tags: Economy, Intermodal, Ports

March 15, 2016 - Industry News

Economic Watch: Retail Sales Slip Again, Key Price Indicator Rises

Retail sales in the U.S. fell for the second consecutive month during February, according to a new preliminary Commerce Department report, raising some concerns about overall economic growth this year.

Tags: Economy, Retail Sales, Interest Rates, Ports, Wholesale Prices, Port Trucking, Federal Reserve, Producer Prices

March 10, 2016 - Industry News

Freight Shipments, Spending Rebound Somewhat

The number of North American freight shipments and the amount of expenditures both posted strong increases in February from the month before, according to newly released Cass Freight Index figures.

Tags: Economy, Freight, Freight Rates, Cass Freight Index

March 8, 2016 - Industry News

Government Revises Diesel, Gasoline Price Forecast Lower

Average prices for trucking’s main fuel along with those for gasoline and crude oil are all expected to remain low this year, according to the latest U.S. Energy Department Short-Term Energy Outlook, and aren’t expect to rise significantly next year.

Tags: Economy, Diesel Prices, Gasoline Prices, Crude Oil Prices

March 8, 2016 - Industry News

Earnings Watch: Navistar Losses Decline, Hit $33 Million

Truck and engine manufacturer Navistar International Corp. on Tuesday surprised many analysts with its announcement that it narrowed its losses more than expected during its most recent fiscal quarter.

Tags: Economy, Navistar, International Trucks, Earnings

March 4, 2016 - Industry News

Economic Watch: Employment Improves Despite Trucking Losses

Gains in total U.S. employment remain strong, with a new report showing non-farm payrolls increased in February from the month before. A renowned economist said this week the U.S. economic picture is one of the brightest on the world’s economic stage.

Tags: Economy, Unemployment, Employment

March 3, 2016 - Industry News

Economic Watch: Factory Activity Turns Around, ‘Beige Book’ Improves

New factory orders and shipments rebounded at least somewhat in January, while measures of business investment and inventories also improved, according to new Commerce Department figures.

Tags: Economy, Factory Orders, Non-Manufacturing, Federal Reserve, Factory Shipments

March 2, 2016 - Industry News

Economic Watch: Employers Add Another 200,000 Plus Jobs

Employment in the private sector jumped again in February, mainly led by the service industry, while recent weakness in manufacturing translated into a loss of jobs.

Tags: Economy, Unemployment, Employment

March 1, 2016 - Industry News

Economic Watch: Manufacturing Remains Weak, Construction Booming

Economic activity in the nation’s manufacturing sector showed only slightly better signs of life in February and remains tepid, but construction spending in January hit it highest level since 2007, according to newly released reports.

Tags: Economy, Manufacturing, Construction Spending

February 26, 2016 - Industry News

Lower Oil Prices Push Down Cross-Border Freight

Percent change in value of U.S.-NAFTA freight flows by mode: December 2014 - 2015. Graphic: U.S. DOT

Large declines in the value of oil and other petroleum-related products during 2015 was reflected in a lower value of cross-border freight movements between the U.S. and its neighbors, according to new Transportation Department figures.

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

February 26, 2016 - Industry News

Economic Watch: GDP Improves; Capital Spending, Consumers Rebound

Following a raft of disappointing economic news, there are new encouraging signs about the health of the American economic, with improvements in some of the most closely watched measures – including the beleaguered manufacturing sector.

Tags: Economy, GDP, Durable Goods, Home Sales, Consumer Sentiment, Personal Income, Personal Spending, Gross Domestic Product

February 24, 2016 - Industry News

Earnings Watch: XPO Reports Loss of Nearly $63 Million

Despite greatly increased revenue in the final quarter of last year and for all of 2015, the fleet that purchased Con-way last year reported bigger losses.

Tags: Economy, Con-Way, XPO Logistics, Fleet Earnings

February 24, 2016 - Industry News

Increased Capacity Hurts Truckload Rates, Low Fuel Prices Hit Intermodal

Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.

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

February 23, 2016 - Industry News

Economic Watch: New Reports Raise Concerns About a Recession

A glimmer of hope that U.S. manufacturing was starting to rebound at the start of the year may have been quickly been dashed, leading to increasing concerns about the state of the overall economy, while separate reports show consumers don’t feel as good as they did last year, but they are still in the mood for home buying.

Tags: Economy, Consumer Confidence, Industrial Production, Manufacturing, Home Sales

February 19, 2016 - Industry News

Economic Watch: Inflation Makes a Return, Leading Indicators Down Again

Consumer prices are heading higher, according to new U.S. Labor Department numbers, increasing speculation that the Federal Reserve will raise interest rates again.

Tags: Economy, Consumer Prices, Leading Economic Indicators, Federal Reserve, Interest

February 18, 2016 - Industry News

Earnings Watch: Dana Reports $82 Million Loss

Dana Holding Corp. moved from a profit to a loss in the fourth quarter of last year, as sales turned lower and it felt the effects of a strong U.S. dollar on overseas operations.

Tags: Economy, Dana Holding Corp., Quarterly Earnings

February 17, 2016 - Industry News

Earnings Watch: Radiant Reports Net Loss, Adjusted Earnings Increase

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. moved from a fourth quarter profit a year ago to loss in the most recent quarter, but adjusted earnings improved.

Tags: Economy, Radiant Logistics, Fleet Earnings

February 17, 2016 - Industry News

Economic Watch: Housing Drops as Industrial Production, Inflation Bounce Back

New home starts in the U.S. fell in January to the lowest level in three months, but industrial production, which includes manufacturing, reversed its string of recent declines. At the same time, wholesale prices increased, leading some to believe interest rates may soon move higher.

Tags: Economy, Interest Rates, Industrial Production, Manufacturing, Home Starts, Wholesale Prices, Federal Reserve, Producer Prices, Home Building

February 12, 2016 - Industry News

Perry: Trucking Conditions Still Good, but Clouds on Horizon

Perry predicted oil prices could go as low as $20 a barrel but will head back up.

FTR transportation expert Noel Perry told an audience at the AmericQuest Symposium that trucking currently is outperforming the broader economy, and there are both good and bad economic indicators at play.

Tags: Economy, FTR

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