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December 5, 2013 - Industry News

More Than 10.5 Million Truck Crossings Into the U.S. in 2012

Truck crossings from Canada totaled 5.6 million in 2012. Photo by Jim Park

Border crossings into the U.S. from Canada and Mexico in 2012 included 10.7 million truck crossings, along with with personal vehicles entering the U.S. nearly 96 million times (33.1 million from Canada, and 62.7 million from Mexico.) The stats also include 320,000 buses and 37,000 trains.

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

December 5, 2013 - Industry News

Economic Watch: Third Quarter GDP Grows 3.6%

The broadest measure of health of the nation’s economy shows it expanded at an annual rate of 3.6% in the third quarter of the year, more than originally reported, according to the U.S. Commerce Department on Thursday.

Tags: Economy, ATA, GDP

December 4, 2013 - Industry News

Economic Watch: New Home Sales and Employment Jump

Photo: Evan Lockridge

Sales of new homes on the United States skyrocketed in October, recording the biggest monthly increase in more than 30 years, according to a new U.S. Commerce Department report.

Tags: Economy, Home Sales, Employment

December 3, 2013 - Industry News

Economic Watch: November Auto Sales Best Since 2007, Expectations Bright for 2014

Sales of new automobiles, light-trucks and SUV’s in the U.S. picked up their pace dramatically last month, hitting an annual rate of 16.4 million, far above the 15.3 million yearly rate in October and the best since early 2007.

Tags: Economy, Auto Sales

December 2, 2013 - Industry News

Economic Watch: Newest Measures Generally Positive

UPDATED -- Total construction spending in the United States hit a four and half year high in October, according to U.S. Commerce Department report released on Monday.

Tags: Economy, Durable Goods, Leading Economic Indicators, Construction Spending, Manufacturing

November 20, 2013 - Industry News

Economic Watch: Retail Sales Pop, Consumer Prices Drop

Despite a partial government shut down last month, resulting in hundreds of thousands of people being out of work and with no paychecks, retail sales in the U.S. unexpectedly increased.

Tags: Economy, Retail Sales, Freight, Consumer Prices, Home Sales

November 12, 2013 - Industry News

FTR State of Freight: Steady Growth, Capacity Tightening

Photo by Evan Lockridge

FTR's Noel Perry discussed the role of regulatory shocks in capacity and freight rates, plus the economic backdrop to what's going on in the industry, in FTR's recent State of Freight conference call.

Tags: Economy, FTR Associates, Freight Rates

November 8, 2013 - Industry News

Economic Watch: Strong October Job Growth, Consumer Spending Edge Higher

UPDATED -- A new U.S. Labor Department report shows there was a net gain of 204,000 jobs in the country during October, far more than economists were predicting, while trucking added just a few jobs.

Tags: Economy, Unemployment, Consumer Spending

November 7, 2013 - Industry News

Economic Watch: Third Quarter GDP Rate Jumps

A new report shows the American economy expanded in the third quarter of the year at a surprisingly higher rate than expected.

Tags: Economy, GDP

November 6, 2013 - Industry News

Economic Watch: Leading Economic Indicators Increase

Conditions for the American economy are improving and may continue doing so, according to a new report out from one private research group.

Tags: Economy, Leading Economic Indicators

November 5, 2013 - Industry News

Economic Watch: Non-Manufacturing and Manufacturing Sectors Improve

Economic activity in the non-manufacturing sector grew in October for the 46th consecutive month, according to the nation's purchasing and supply executives in the latest Non-Manufacturing Institute for Supply Management Report On Business.

Tags: Economy, Manufacturing, Non-Manufacturing

November 4, 2013 - Industry News

Economic Watch: October Auto Sales Jump

Sales of new automobiles in the United States increased 10.6% in October from the same time a year ago.

Tags: Economy, Auto Sales

November 1, 2013 - Industry News

Economic Watch: U.S. Manufacturing Expands in October

Economic activity in the nation’s manufacturing sector expanded in October for the fifth consecutive month and the overall economy grew for the 53rd consecutive month, according to the nation's supply executives in a survey by the Institute of Supply Management.

Tags: Economy, Manufacturing

October 30, 2013 - Industry News

Economic Watch: Consumer Prices Remain Fairly Stable

At least there is one thing that’s not a worry when it comes to the American economy…inflation. The U.S. Labor Department’s Consumer Price Index increased only 0.2% in September from the month before.

Tags: Economy, Consumer Prices

October 29, 2013 - Industry News

Economic Watch: Retail Sales, Consumer Confidence and Producer Prices Decline

Retail Sales with six-month moving average. Credit: Sterne, Agee & Leach

Retail sales moved 0.1% lower in September from August but were 3.2% higher from the same time in 2012, according to the U.S. Commerce Department.

Tags: Economy, Retail Sales, Consumer Confidence, Wholesale Prices

October 28, 2013 - Industry News

Economic Watch: Industrial Production, Durable Goods Shipments and Orders Rise

Industrial production in the United States increased in September, posting its biggest gain in seven months. This follows a report Friday showing shipments of manufactured durable goods hit their highest level on record going back to 1992 -- but consumer confidence took a nosedive.

Tags: Economy, Freight, Industrial Production, Durable Goods, Consumer Sentiment

October 22, 2013 - Industry News

Economic Watch: Unemployment Dips Overall and for Trucking

The nation’s unemployment rate continues moving lower inch-by-inch, hitting a five-year low, according to the U.S. Labor Department. It fell to 7.2% in September compared to 7.3% in August.

Tags: Drivers, Economy, Fleets, Unemployment

October 21, 2013 - Industry News

Survey Says: Hours of Service Top Trucking Industry Concern

ATRI President and COO Rebecca Brewster delivering the results of a survey of top trucking industry concerns. Photo: Evan Lockridge

ORLANDO -- The changes to the federal commercial driver hours of service rules that went into effect July 1 caused the issue to top the American Transportation Research Institute's annual survey of more than 4,000 trucking industry executives, truck drivers, trucking industry suppliers and government.

Tags: Economy, ATA, CSA, Hours of Service, Driver Shortage, EOBR, ATRI, ATA2013

October 20, 2013 - Industry News

'Eyes on the Economy' Panel Examines 'OK' Economy

The &#39;Eyes on the Economy&#39; panel featured, from left, ATA Chief Economist Bob Costello, ACT Research&#39;s Kenny Vieth, and Mark Vitner from Wells Fargo. (Photo by Evan Lockridge)<br />

The economy and freight continues to chug along in an "OK" mode, while stagnant capacity and new and pending regulations put the industry "on the cusp of a capacity crunch" if the economy speeds up, according to a panel of economic and industry experts at the American Trucking Associations' annual convention Sunday.

Tags: Economy, ATA, ACT Research, Truck Tonnage, ATA2013

October 14, 2013 - Industry News

Economic Watch: Consumer Confidence Drops Again

With the partial shutdown of the U.S. government and the prospect the U.S. will default on its financial obligations, consumers don’t feel that good about the future, at least economically speaking, but they could also be doing a whole lot worse.

Tags: Economy, Consumer Confidence

October 10, 2013 - Industry News

Cass Freight Index up in September, but Don't Expect Strong Q4

Freight costs continued to rise in September, showing the largest month-to-month increase since March, but it's not due to a raise in rates. Meanwhile, North American shipment volumes also rose for the second month in a row, according to the Cass Freight Index.

Tags: Economy, Freight, Cass Freight Index

October 2, 2013 - Industry News

Economic Watch: September Auto Sales Slip

A more than two-year streak in U.S. auto sale gains came to an end in September, but don’t read too much into the decline, say analysts. Early estimates show new sales fell 4% in September compared to the same time a year ago, to a little more than 1.1 million vehicles.

Tags: Economy, Freight, Auto Sales

September 27, 2013 - Industry News

Economic Watch: Consumer Confidence Down, Personal Spending Lackluster

By Revisorweb via Wikimedia Commons

Following a string of at least slightly encouraging economic reports, two new economic reports are disappointing. U.S. consumer confidence fell this month to a five-month low, while personal spending in August increased for the fourth consecutive month.

Tags: Economy, Consumer Confidence, Consumer Spending

September 26, 2013 - Industry News

Economic Watch: Three New Reports Show Slow Improvements

Growth for the nation’s economy picked up dramatically in the second quarter of the year with the gross domestic product increasing at an annual rate of 2.5%.

Tags: Economy, Freight, GDP, Durable Goods, Manufacturing, Home Sales

September 25, 2013 - Industry News

Commercial Vehicle Market Update: Fleets Still Cautious

INDIANAPOLIS -- As we continue to see mixed signals from the short-term economy, many are suffering from "stable environment anxiety," said Eric Starks, president of FTR Transportation Intelligence, in a commercial vehicle market update during FTR's Transportation Conference this week in Indianapolis.

Tags: Economy, Class 8, Trailers, Truck Sales, FTR

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