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Economy

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June 27, 2001 - Industry News

Fed Cuts Interest Rates Quarter Point

Today's 0.25% cut in interest rates by the Federal Reserve Board brings the six month total reduction to 2.75% and signals to consumers and investors that it is safe to keep spending

Tags: Economy

June 26, 2001 - Industry News

Economic Summit III: Fleets In Survival Mode

While there are a few bright spots, the industry must undergo more pain before it climbs out of the current recession. That was the consensus among speakers at Newport’s Economic Summit III in Las Vegas yesterday.

Tags: Economy

June 26, 2001 - Industry News

Good News On Economic Front

A new report on manufacturing today provides strong evidence that April may have been the bottom of the ongoing recession in manufacturing

Tags: Economy

June 15, 2001 - Industry News

Lower Freight Volume Expected In Wake Of Lower Industrial Production

Industrial production declined 0.8% in May, according to today’s report from the Federal Reserve Board. Industrial production tracks very closely with freight volume

Tags: Economy

June 13, 2001 - Industry News

New May Economic Data Disappointing

Preliminary May economic data continues to be slightly negative for freight volume. Retail sales were unchanged in May, matching the unchanged report for May employment released earlier in June

Tags: Economy

June 5, 2001 - Industry News

New Economic Reports Are Sobering

The latest economic reports are sobering. April now looks to be the weakest month in this economic slowdown although several more months of modest production declines are still likely

Tags: Economy

June 1, 2001 - Industry News

Economic News Offers Mixed Signals

Unemployment, construction and manufacturing numbers released today send mixed messages about how the economy is faring

Tags: Economy

May 29, 2001 - Industry News

Consumer Confidence Increase To Benefit Trucking

Consumers are feeling better about the U.S. economy and seem likely to spend more money on goods hauled by truck

Tags: Economy

May 25, 2001 - Industry News

Latest Economic Signals Mixed

More economic numbers of importance to trucking came out Friday and the news is mixed

Tags: Economy

May 24, 2001 - Industry News

April Home Sales Falloff May be Misleading

One important indicator as to the future health of trucking is new homes sales, but it may be wise not to read too much into April’s disappointing numbers

Tags: Economy

May 17, 2001 - Industry News

Economic Index Points in Right Direction

The Conference Board's index of leading economic indicators rose 0.1% in April after three consecutive declines

Tags: Economy

May 15, 2001 - Industry News

Fed Cuts Interest Rates Again

The Fed cut credit costs another half percent today - the fifth cut this size since January. No immediate benefit is expected for equipment manufacturers or freight haulers, but it should help boost spending in the economy later this year

Tags: Economy

May 14, 2001 - Industry News

Economic Upturn Delayed

The economy was not doing as well as first reported in March and April, according to revised data with more complete information released Monday

Tags: Economy

May 9, 2001 - Industry News

Atlas Tracks Relocation Trends

For the moving industry, corporate relocations are a big part of their business. And when the economy starts affecting those relocations, it's of prime interest

Tags: Economy

May 8, 2001 - Industry News

Trailer Sales: Rough First Quarter But Better Times Ahead

Trailer manufacturers expected 2001 to get off to a weak start, but weren’t prepared for the "blood bath" that occurred in first quarter

Tags: Economy

May 2, 2001 - Industry News

Factory Orders Increase

Today’s March manufacturing report from the Census Bureau suggests that the manufacturing sector may have begun to rebound, promising increased freight volume ahead

Tags: Economy

May 1, 2001 - Industry News

Economic News Good for Trucking

Today's economic news is positive for freight haulers and truck equipment manufacturers

Tags: Economy

April 27, 2001 - Industry News

GDP Unexpectedly Increases

The economic growth rate in the U.S. was reported to be an unexpectedly strong 2% in the first quarter of the year, as reported today by the Commerce Department. GDP growth had fallen to 1% at the end of last year and was widely expected to be in the 0-1% range at the beginning of this year

Tags: Economy

April 26, 2001 - Industry News

Trucking Economy: The View From the Internet

Freight has dropped off from last year, but there is still enough to go around, according to Scott Moscripp, president of Internet Truckstop, the web-based load-matching service

Tags: Economy

April 25, 2001 - Industry News

Manufacturing Durable Orders, Shipments Rise in March

Orders for durable goods rose 3% in March, but it was mostly for ships and tanks, with non-transportation orders off 1.8% -- the fourth consecutive decline. However, shipments rose 0.1% after declining the previous five months. The stable shipments value is the best news for freight

Tags: Economy

April 18, 2001 - Industry News

Fed Cuts Interest Rates Again

The fourth half-percent interest rate cut this year came today in a surprise action by the Federal Reserve Board. Usually the Board acts only during the every six-to-seven-week Open Market Committee meetings. Today's cut promises to speed up consumer and business purchases -- and then production and freight

Tags: Economy

April 17, 2001 - Industry News

More Freight Ahead

As economists and trucking analysts continue to keep a close eye on the economy, new figures on industrial production, housing starts and inflation offer some good news

Tags: Economy

April 17, 2001 - Industry News

Keeping an Eye on Inventories

Monday's business inventory report from the Census Bureau confirms that excess inventories continue to be absorbed. Inventories have to return to "normal" before production, imports and freight can recover to the level of current consumption

Tags: Economy

April 17, 2001 - Industry News

Load Postings Looking Up

The analysts at load posting giant DAT Services are predicting that the number of loads available will pick up over the next few months, even going so far as to say we're at the bottom of the economic downturn

Tags: Economy

April 2, 2001 - Industry News

Good News In Latest Economic Reports

Two key economic reports issued yesterday both signaled that the U.S. economy is on the way back. The National Association of Purchasing Managers reported a rise in manufacturing in March, and the Census Bureau reported a strong rise in construction spending in February

Tags: Economy

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