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September 13, 2010 - Industry News

Economist: Don't Panic About Recovery; Trucking in for Good Times

Continued high unemployment and three quarters of less-than-3-percent GDP do not mean we are headed into a double-dip recession. In fact, things are looking very good for trucking in this recovery, said trucking economist Noel Perry, speaking at the McLeod Software User Conference in Birmingham, Ala., Monday. However, he said, carriers need to learn how to deal with a more volatile business environment

Tags: Economy

September 13, 2010 - Industry News

Trucker Profit Improvement Points to Continued Rebound in Commercial Vehicle Sector

A strong rebound in net margins for publicly traded truckload companies in the second calendar quarter is expected to fuel continued improvement in demand for heavy-duty vehicles and trailers, according to ACT Research Co

Tags: Economy

September 9, 2010 - Industry News

Sideways Growth For Now, But Capacity Tightening

Economic growth and freight volumes have been decelerating and will likely move sideways for the next few months, until a hoped-for change in the composition of Congress in November reassures businesses enough to start investing and hiring again. But truckload capacity is tight and will continue to tighten, and we're on the cusp of improved pricing. That was the message of transportation analysts with Stifel Nicolaus in its annual "Shaking the Sand Out" conference call Thursday

Tags: Economy

September 9, 2010 - Industry News

FTR's Trucking Condition Index Expected to Remain in Positive Territory

Transportation forecasting group FTR Associates reports its Trucking Condition Index, at 0.8 for July and reported in the September Trucking Update, is expected to remain in positive territory for the remainder of the year

Tags: Economy

September 3, 2010 - Industry News

U.S. Unemployment Relatively Unchanged From July

The U.S. lost 54,000 jobs in August, raising the unemployment rate slightly to 9.6 percent from July's 9.5 percen

Tags: Economy

September 2, 2010 - Industry News

Productivity Fell 1.8 Percent in Second Quarter

Productivity slipped 1.8 percent during the second quarter of 2010, according to a U.S. Bureau of Labor Statistics report

Tags: Economy

September 2, 2010 - Industry News

August Already Shows Signs of Growth in Manufacturing

Manufacturing activity rebounded in August, with the Institute for Supply Management's index of manufacturing activity (PMI) increasing to a reading of 56.3, compared to 55.5 in July

Tags: Economy

August 25, 2010 - Industry News

Durable Goods Orders Return to Growth

After falling for two straight months, new orders for manufactured durable goods gained 0.3 percent to $193 billion in Jul

Tags: Economy

August 20, 2010 - Industry News

PPI, Leading Economic Index Inch Up

The Producer Price Index for Finished Goods inched up 0.2 percent in July, according to the U.S. Bureau of Labor Statistics

Tags: Economy

August 20, 2010 - Industry News

MAPI Report: Manufacturing to Grow Faster Than Overall Economy

Manufacturing production is expected to grow by 5.7 percent in 2010 and 4.7 percent in 2011, according to a report recently released by the Manufacturers Alliance/MAPI

Tags: Economy

August 18, 2010 - Industry News

Industrial Production Sees More Promising Growth in July

The month of July showed more promising industrial production figures, with growth of 1 percent over Jun

Tags: Economy

August 11, 2010 - Industry News

Ceridian-UCLA Pulse of Commerce Index Climbs in July

The Ceridian-UCLA Pulse of Commerce Index, which is based on diesel fuel sales, continues to show an economy in recovery, according to the UCLA Anderson School of Management. The July PCI climbed 1.7 percent after dropping 1.9 percent in June

Tags: Economy

August 11, 2010 - Industry News

Freight Index Up Slightly in June

The Department of Transportation's Freight Transportation Services Index rose 0.2 percent in June from its May level, rising after one monthly decline

Tags: Economy

August 6, 2010 - Industry News

This Week Holds More Promise on Economic Fronts

While last week brought some disappointing economic news, especially the payroll figures released Friday, this week is expected to bring some more positive new

Tags: Economy

August 2, 2010 - Industry News

Manufacturing Activity Continues to Grow at Slower Rate

While the manufacturing sector expanded for the 12th straight month in July, activity fell 0.7 percent from June's level

Tags: Economy

July 30, 2010 - Industry News

GDP, Consumer Confidence Indicate a Slowing Recovery

Imports were up 28.8 percent in the second quarter, the largest increase in 26 years, but exports were up only 10.3 percent. (Photo by Port of Seattle)

Real gross domestic product grew 2.4 percent at an annual rate in the second quarter, compared to a 3.7 percent boost in the first quarter of this yea

Tags: Economy

July 28, 2010 - Industry News

Durable Goods Orders Post Second Straight Drop

In June, new orders for manufactured durable goods were down for the second month in a row, falling 1 percent to $190.5 billio

Tags: Economy

July 28, 2010 - Industry News

Global Trade Positioned For Growth Into 2011

World trade by all modes of transportation will grow 8.1 percent in 2010 and 6.9 percent in 2011, according to the latest forecast from IHS Global Insight's World Trade Service

Tags: Economy

July 23, 2010 - Industry News

FTR: A Slow Recovery Is Not Concern For a Double Dip

Since demand for air freight is going up, this is a good sign for trucking, as retailers were off about their inventory predictions, FTR says. (Photo by FedEx)

While the economic recovery has been showing signs of slowing, this is not cause for concern that we'll see a double dip recession, FTR Associates pointed out during a webinar Friday

Tags: Economy

July 16, 2010 - Industry News

Industrial Production Inches Up Slowly; Manufacturing Loses Steam

Industrial production grew at a slower rate than expected in June, inching up 0.1 percent after a 1.3 percent rise in May, according to data released by the Federal Reserve

Tags: Economy

July 8, 2010 - Industry News

FTR: Risks Could Impact Economic Recovery in U.S.

Although the U.S. economic recovery is likely on track, there are several risks out there that could negatively impact the recovery, according to FTR Associates' June North American Commercial Truck and Trailer Outlook. Due to risks such as the impact of Europe's economic crisis, the decline in the U.S. stock market, and high unemployment numbers, FTR's forecast was somewhat conservative in this outlook

Tags: Economy

July 2, 2010 - Industry News

June Payrolls Slip; Transportation Adds to the Ranks

Overall, the U.S. lost 125,000 jobs in June, mostly due to the drop in Census jobs. However, the transportation and warehousing sectors added 15,000 workers during the month. (Photo by Con-way)

While June payrolls fell for the first time in six months, the transportation and warehousing sectors added 15,000 jobs during the mont

Tags: Economy

July 2, 2010 - Industry News

Manufacturing Activity Grows at a Slower Rate

While the manufacturing sector still seems to be moving in the right direction, growth has slowed somewhat in the last few months, a sign that the second half of the year may see more moderate growth

Tags: Economy

June 28, 2010 - Industry News

Trucking Recovery in Full Swing on Gains in Freight Volumes

As freight volumes continue to improve this year along with the overall economy, fleets can expect to have more trucks at the dock and more drivers on the road.

The trucking industry is finally experiencing a period of growth, as an economic recovery has led to solid freight volumes, tightening capacity and signs of a driver shortage waiting in the wing

Tags: Economy

June 24, 2010 - Industry News

Manufacturers' Orders Slip After Five Months of Growth

After five straight months of increases, new orders for manufactured durable goods were down 1.1 percent, or $2.2 billion, in Ma

Tags: Economy

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