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Economy

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May 2, 2014 - Industry News

Economic Watch: Unemployment Lowest in More Than Five Years; Factory Shipments, Auto Sales Up

UPDATED -- Numbers released Friday by the U.S. Labor Department show 288,000 jobs were added, the most since January 2012, with the unemployment rate falling to 6.3% from 6.7% in March.

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

May 1, 2014 - Industry News

Economic Watch: Consumer Spending, Construction, Manufacturing Post Gains

UPDATED -- A new report shows U.S. consumer spending in March took its biggest leap forward since August 2009.

Tags: Economy, Consumer Spending, Personal Income

April 30, 2014 - Industry News

Economic Watch: First Quarter Growth Flat, April Employment Jumps

Change in Total Nonfarm Private Employment.

UPDATED -- The American economy picked up very little steam in the first quarter of the year, recording its weakest reading since the fourth quarter of 2012, according to a new U.S. Commerce Department report released Wednesday.

Tags: Economy, GDP, Employment, ADP

April 28, 2014 - Industry News

Economic Watch: Pending Home Sales, Consumer Confidence Best in Months

After months of stagnant activity, pending home sales rose in March, marking the first gain in the past nine months, according to the National Association of Realtors.

Tags: Economy, Home Sales, Consumer Sentiment

April 24, 2014 - Industry News

U.S.-NAFTA Trade Increases, Trucks Gain Most of Any Mode

Percent Change in Value of U.S.-NAFTA Freight Flows by Mode: February 2013 - February 2014. Credit: U.S. DOT

Two of five transportation modes, truck and pipeline, carried more U.S.-North American Free Trade Agreement freight in February 2014 than compared to the same time a year earlier, according to new U.S. Transportation Department figures.

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

April 23, 2014 - Industry News

Economic Watch: Sales of New Homes Sink, Manufacturing Rising

Photo: Evan Lockridge

UPDATED -- Sales of new single-family homes in the U.S. plunged during March, hitting it lowest level since July and marking the third decline out of the last six months.

Tags: Economy, Home Sales, Manufacturing

April 22, 2014 - Industry News

Report: Global Telematics Market to Grow from $17 Billion to $39 Billion in 2019

A new report forecasts the global commercial telematics market to grow from $17.3 billion this year to $39.15 billion in 2019, representing an compounded annual growth rate of 17.7%.

Tags: Telematics, Economy, Information Technology

April 22, 2014 - Industry News

March Truck Tonnage Gains, First Quarter Down From Previous One

Credit: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.6% in March, after jumping 1.9% the previous month, according to just released figures.

Tags: Economy, ATA, American Trucking Associations, Freight, Truck Tonnage

April 22, 2014 - Industry News

Economic Watch: Existing Home Sales Fall Slightly

New figures show existing-home sales fell to their lowest level in more than 18 months during March, according to the National Association of Realtors, but the trend may be staring to ease.

Tags: Economy, Home Sales

April 21, 2014 - Industry News

Economic Watch: Leading Economic Indicators Surge

A measure of the health of the U.S. economy turned sharply higher last month, according to a report released Monday morning from the private research group The Conference Board.

Tags: Economy, The Conference Board, Leading Economic Indicators

April 17, 2014 - Industry News

Truckload Linehaul, Intermodal Price Indices Hit New Highs

Truckload linehaul rates spiked in March, with the Cass Truckload Linehaul Index surpassing the 120 mark, showing a 6% year-over-year increase.

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

April 16, 2014 - Industry News

Economic Watch: New Home Starts Mixed, Industrial Production Up

The number of new home starts in the U.S. picked up slightly in March but is below the pace from a year earlier, according to a new U.S. Commerce Department report.

Tags: Economy, Industrial Production, Home Starts

April 15, 2014 - Industry News

Economic Watch: Inflation in Check, Homebuilder Confidence Rises

A new report shows inflation remains in check with consumer prices increasing 0.2% in March, following a 0.1% gain in February, according to the U.S. Labor Department.

Tags: Economy, Consumer Prices, Home Building

April 14, 2014 - Industry News

Economic Watch: March Retail Sales Post Biggest Hike Since 2012

The 1.1% increase from the month before comes as February’s figures was revised upward from a 0.3% increase to a 0.7% gain, following declines in January and December.

Tags: Economy, Retail Sales

April 11, 2014 - Industry News

Economic Watch: Wholesale Prices, Consumer Sentiment Both Rise

UPDATED -- Prices at the wholesale level increased 0.5% in March, the biggest hike since June, according to a new U.S. Labor Department report

Tags: Economy, Wholesale Prices, Producer Prices, Consumer Sentiment

April 10, 2014 - Industry News

Economic Watch: First Time Jobless Benefit Claims Plummet

The number of Americans filing first-time jobless claims in the U.S. for the week ending April 5 posted its largest weekly decline since December 2012 with the lowest level of claims hit since March 2007.

Tags: Economy, Unemployment, Employment, Federal Reserve

April 9, 2014 - Industry News

DOT Freight Index Hits Third Highest Level on Record

Credit: U.S. DOT

The amount of freight carried by the nation’s for-hire transportation industry rose 1.2% in February from January, rising after two consecutive monthly declines.

Tags: Economy, U.S. Department of Transportation, U.S. DOT, Freight, Freight Index

April 8, 2014 - Industry News

Strong Volume Reflected in Cass Freight Index

March freight shipment volume in the U.S. increased 6.6% over the prior month, on top of the 7.3% rise seen in February, according to the just released Cass Freight Index.

Tags: Economy, Freight, Cass Freight Index

April 3, 2014 - Industry News

Economic Watch: Non-Manufacturing Activity Increased During March

A measure of the health of the nation’s non-manufacturing sector shows it grew in March for the 50th consecutive month, according to the nation's purchasing and supply executives.

Tags: Economy, Non-Manufacturing

April 2, 2014 - Industry News

Economic Watch: Employment, Factory Shipments and Orders Post Gains

Private sector employment in the U.S. increased by 191,000 jobs from February to March, according to the March ADP National Employment Report released Wednesday.

Tags: Economy, Consumer Spending, Factory Orders, Employment, Factory Shipments

April 2, 2014 - Industry News

Trucking Conditions Index Reflects Unprecedented Capacity Constraints

A new report shows business conditions in the trucking industry remain positive, despite a slight downturn, amid warnings of a possible capacity shortage.

Tags: Economy, Fleets, Freight, FTR, Capacity, Spot Freight, Manufacturing, Freight Rates, Freight Volume

April 1, 2014 - Industry News

Economic Watch: Manufacturing Expands, Construction Flat

Economic activity in the U.S. manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

Tags: Economy, Manufacturing, Construction Spending

March 31, 2014 - Industry News

Economic Watch: Consumer Spending and GDP Gain Among Other Indicators

New figures show biggest driver of the U.S. economy increased last month while the overall economy grew more than estimated a month ago.

Tags: Economy, Freight, GDP, Durable Goods, Home Sales, Consumer Spending

March 21, 2014 - Industry News

Economic Watch: New Construction Down Slightly

After the strong finish to last year, the construction start statistics have shown lackluster activity during the first two months of 2014, totaling an annual rate $486.7 billion last month.

Tags: Economy, Construction Spending

March 20, 2014 - Industry News

U.S. NAFTA Surface Trade Increased in 2013, Trucking’s Share Dips

U.S.-NAFTA Merchandise Trade by Mode: 2010-2013. Graphic: U.S. DOT

A new U.S. Transportation Department repot shows three of the five surface transportation modes, truck, rail and pipeline, carried more U.S. trade with North American Free Trade Agreement partners Canada and Mexico by value in 2013 than compared to the year before.

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

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