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Economy

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March 16, 2017 - Industry News

ATA Announces First Economic Summit

American Trucking Associations is launching an Economic Summit that will bring together chief economists from several trade associations for an outlook on each speaker's industry and how it could impact trucking.

Tags: Economy, ATA, Events

March 15, 2017 - Industry News

Economic Watch: Fed Pushes Interest Rates Higher Amid Improving Signs

The Federal Reserve on Wednesday increased the nation’s benchmark interest rate for the third time since its first hike in nearly a decade in December 2015, amid evidence of a steady economy and indications of more interest rate increases later this year.

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

March 10, 2017 - Industry News

Economic Watch: Trucking Helps Boost Overall Employment Ahead of Fed Meeting

Job growth in the U.S. posted another healthy gain in February, according to a new Labor Department report, leading many analysts to predict an interest rate hike by the Federal Reserve when it meets next week.

Tags: Economy, Unemployment, Employment

March 8, 2017 - Industry News

For-Hire Freight Movements Remain Steady

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

While the amount of freight moved by the nation’s for-hire transportation sector was unchanged in January from December, according to a new Transportation Department report, it did manage a slight increase from the same time a year ago.

Tags: Economy, Railroads, Intermodal, Freight Index

March 6, 2017 - Industry News

Economic Watch: Rising Factory Orders Latest Indicator of Interest Rate Hike

An increase in new factory orders is one of the latest economic signs that the Federal Reserve is moving close to another jump in interest rates, some analysts believe.

Tags: Economy, Interest Rates, Factory Orders, Federal Reserve, Factory Shipments

March 1, 2017 - Industry News

Economic Watch: Manufacturing Keeps Surging as Construction, Personal Spending Slip

Economic activity in the nation’s manufacturing sector continued expanding in February, according to two surveys of the nation’s purchasing managers. One report shows conditions are the best in two years while the other indicates things are slightly cooler than they were at the beginning of 2017.

Tags: Economy, Manufacturing, Construction Spending, Personal Income, Personal Spending

February 28, 2017 - Industry News

Economic Watch: GDP Performance Unchanged; Durable Goods Rebound

The widest measure of the nation’s economy performed as first estimated in the final quarter of last year despite a jump in consumer spending, according to a new assessment released Tuesday. Meanwhile, orders for long-lasting durable goods rebounded somewhat in January.

Tags: Economy, GDP, Durable Goods, Gross Domestic Product

February 24, 2017 - Industry News

Economic Watch: Home Sales, Consumer Sentiment Rise as Fed Mulls Rake Hike

There are increasing signs the U.S. economy is gaining momentum in the first quarter of the year with gains in home sales and consumer confidence, but it is also fueling speculation that interest rates could head higher as soon as next month.

Tags: Economy, Interest Rates, Home Sales, Consumer Sentiment, Federal Reserve

February 23, 2017 - Industry News

U.S. Cross-Border Freight Value Inches Higher, Trucking’s Share Falls

U.S.-NAFTA freight value percent change from previous year over the last 24 months. Graphic: U.S. DOT

The value of freight moved between the U.S. and its border neighbors increased in December for the third time in five months following a string of declines, according to new figures released Thursday by the Transportation Department.

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

February 21, 2017 - Industry News

Economic Watch: Pace of Manufacturing Expansion Slows

A preliminary look at economic conditions in the U.S. manufacturing sector during February shows they improved at a slightly slower pace than the 22-month peak seen during January.

Tags: Economy, Manufacturing

February 17, 2017 - Industry News

Economic Watch: Leading Indicators, E-Commerce Sales Post Impressive Gains

Three new economic reports add to increasing evidence the U.S. economy will have a better overall first quarter of the year than the final three months of 2016.

Tags: Economy, Retail Sales, E-commerce, Home Starts, Leading Economic Indicators

February 15, 2017 - Industry News

Economic Watch: Retail Sales Jump But Price Pressures Building

Retail sales, one of the largest drivers of the U.S. economy, advanced in January, pointing to increased overall growth in the first quarter of the year. At the same time, prices on the retail and wholesale level posted big gains, and the manufacturing component for industrial production ticked higher.

Tags: Economy, Retail Sales, Industrial Production, Manufacturing, Consumer Prices, Used Vehicle Values

February 8, 2017 - Industry News

For-Hire Freight Movements Rise Again, Tying Record High

Graphic: U.S. DOT

The amount of for-hire freight moved across multiple transportation modes increased 1% in December from the month before, marking the third consecutive monthly gain, according to the Transportation Department.

Tags: Economy, Railroads, Intermodal, For-hire Truck Tonnage, Freight Index

February 6, 2017 - Industry News

Intermodal Shipments Post Fourth-Quarter Gain, Down Last Year

Photo: Port Authority of New York and New Jersey

Intermodal freight volumes returned to growth in the fourth quarter of 2016, posting a 1% year-over-year increase that tempered volume declines earlier the year, according to the Intermodal Association of North America.

Tags: Economy, Railroads, Intermodal, Port Trucking

February 3, 2017 - Industry News

Economic Watch: Job Growth Continues as Manufacturing Improves

Employers in the U.S. continue to add people to their payrolls at a healthy pace, and there is mounting evidence that the nation’s manufacturing sector is coming out of the doldrums.

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

February 1, 2017 - Industry News

Economic Watch: Manufacturing, Employment Help Launch Strong 2017

The U.S. manufacturing industry kicked off the year with its strongest performance in two years, according to a new report, while a separate one about the sector plus others regarding employment, personal spending and incomes all points to increased economic growth.

Tags: Economy, Manufacturing, Employment, Personal Income, Personal Spending

January 30, 2017 - Industry News

Earnings Watch: Werner Enterprises Quarterly Profit Falls 40%

Earnings for trucking and logistics company Werner Enterprises Inc. took a bit of a dive in not just the final quarter of last year but for all of 2016 as it said it continued to make a significant investment in its business.

Tags: Economy, Werner Enterprises, Fleet Earnings

January 27, 2017 - Industry News

Trucking Activity Looks Strong to Start 2017

Photo: Cargo Transporters

Truckable Economic Activity, the parts of Gross Domestic Product that spends time in trucks, looks to be getting off to a strong start in 2017.

Tags: Economy, Imports, Freight, HDAD, GDP, Exports

January 27, 2017 - Industry News

Economic Watch: GDP Slows on Trade as Other Indicators Stay Strong

The widest measure of U.S. economic growth slowed in not just the final quarter of last year but for all of 2016. However, that performance wasn’t so much due to weakness here at home.

Tags: Economy, GDP, Home Sales, Leading Economic Indicators

January 26, 2017 - Industry News

Earnings Watch: Swift, Marten, Heartland Report Lower Profits

Earnings reports from three more trucking fleets rolled in late Thursday afternoon, all showing lower earnings in the fourth quarter compared to the same time a year ago.

Tags: Economy, Heartland Express, Marten Transport, Swift Transportation, Fleet Earnings

January 25, 2017 - Industry News

Earnings Watch: Knight, Covenant, Patriot, YRC Worldwide

The latest batch of fleet earning reports from the fourth quarter are in, with three major fleets reporting revenue dips and a fourth signaling that it will have similar news when its formal report is released next month.

Tags: Florida, Economy, Covenant Transport, Patriot Transportation, YRC Worldwide, Knight Transportation, Covenant Transportation Group, Fleet Earnings

January 24, 2017 - Industry News

Economic Watch: Manufacturing Starts Year Strong, Housing Best in Years

The U.S. manufacturing sector had a solid start to 2017, with overall operating conditions improving at the quickest pace for nearly two years, according to a preliminary report from IHS Markit.

Tags: Economy, Manufacturing, Home Starts, Home Sales, Home Building

January 24, 2017 - Industry News

Economic Outlook for 2017: More of the Same?

The outlook for the U.S. economy is expansion at a pace around trend through 2019, according to Bill Strauss, senior economist and economic advisor, Federal Reserve Bank of Chicago, speaking at Heavy Duty Aftermarket Dialogue.

Tags: Economy, HDAD

January 19, 2017 - Industry News

Outlook for Freight Activity Seen as Improved

Graphic: Cass Information Systems

Three measures of freight activity and spending were mixed, according to new figures, but the outlook for their performances has improved, according to Cass Information Systems.

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

January 19, 2017 - Industry News

NAFTA Freight Value Up for Only Second Time in Nearly 2 Years

Percent change in value of U.S.-NAFA freight flows by mode in November 2016 compared to November 2015. Graphic: U.S. DOT

Newly released figures show the value of cross-border freight moved between the U.S. and its neighbors directly to the north and south increased in November for the only the second time in nearly two years, but trucking had the smallest gain.

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

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