TopNews

Economy

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October 22, 2015 - Industry News

Economic Watch: Home Market Booming, Leading Indicators Mixed

Existing home sales rebounded strongly in September following an August decline, according to the National Association of Realtors. That's not the only good news when it comes to an improving home market, and a separate report shows the overall economy isn't as bad as you may think.

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

October 22, 2015 - Industry News

Earnings Watch: Daimler, Dana and Rush Enterprises

Daimler AG, Dana and Rush Enterprises all saw weaker third-quarter financials compared to a year ago, thanks in part to the recession in Brazil and the downturn in the North American oil and gas industry.

Tags: Economy, Daimler Trucks, Daimler AG, Dana Holding Corp., Rush Enterprises, Earnings, Daimler Trucks North America

October 22, 2015 - Industry News

Earnings Watch: Werner, Knight, Ryder, Forward Air

Two large trucking fleets reported big increases in profits for the third quarter of the year. A fleet management and related services conglomerate also saw a hike, but things slipped for a niche trucking provider.

Tags: Economy, Ryder, Werner Enterprises, Forward Air, Knight Transportation, Fleet Earnings

October 20, 2015 - Industry News

Marten Transport Profit Improves Nearly 10 Percent

Marten Transport reported a 9.9% increase in third quarter net income from a year earlier, due in part to increased dedicated business.

Tags: Economy, Marten Transport, Fleet Earnings

October 19, 2015 - Industry News

Economic Watch: Industrial Production Falls, Consumers Optimistic

A report released Friday shows industrial production in the U.S. fell for the second consecutive month, the latest confirmation the economy lost some ground in the third quarter of the year.

Tags: Economy, Consumer Confidence, Industrial Production, Consumer Sentiment

October 19, 2015 - Industry News

Covenant Transport Reports Strong Earnings Increase

Covenant Transportation Group reported a big gain in third quarter profit. Revenue slipped 2.3% but freight revenue moved higher.

Tags: Economy, Covenant Transport, Fleet Earnings

October 18, 2015 - Industry News

Graves Cites Carriers’ Health, Decries Congressional ‘Disarray’

Bill Graves speaks at ATA MC&E in Philadelphia. Photo: Evan Lockridge

PHILADELPHIA – “Most motor carriers have had a pretty good year – not great – but pretty good for 2015,” said Bill Graves, president of the American Trucking Associations, in his annual report on the state of the industry.

Tags: Economy, ATA, Congress, Politics, Bill Graves, ATA MC&E

October 18, 2015 - Industry News

Economic Fundamentals Better Than They Appear

Norman Behravesh, chief economist for IHS Inc. Photo: Evan Lockridge

PHILADELPHIA — Freight volumes and GDP growth have not been as high as many hoped this year, but trucking companies should be ready for growth to return to higher levels, according to a presentation by two economists at the American Trucking Associations’ Management Conference & Exhibition.

Tags: Economy, ATA MC&E

October 15, 2015 - Industry News

For-Hire Freight Shipments Hit New Record in August

Freight Transportation Services Index, August 2010 - August 2015. Graphic: U.S. DOT

The amount of for-hire freight increased for the second consecutive month, hitting a new record high, due in large part to a jump in truck shipments, according to new U.S. Transportation Department figures.

Tags: Freight, Freight Index, Economy

October 15, 2015 - Industry News

Economic Watch: Overall Inflation Absent, Core Prices Jump

Overall inflation is posing no threat to the U.S. economy, with a new report showing retail prices fell in September, the biggest drop in eight months. However, a key measure inside this moved higher, leading to more guessing about whether the Fed will raise interest rates.

Tags: Economy, Consumer Prices, Federal Reserve

October 14, 2015 - Industry News

Economic Watch: Retail Sales Barely Increase, Wholesale Prices Drop

Retail sales in the U.S. barely moved higher last month -- about half what many analysts were expecting. With wholesale prices falling the most in eight months. there's more speculation on what will happen with interest rates.

Tags: Economy, Retail Sales, Wholesale Prices, Federal Reserve

October 14, 2015 - Industry News

Freight Shipments, Payments Increase After Two Monthly Declines

Freight shipments and payments rose in September following two straight monthly declines, according to the latest Cass Freight Index.

Tags: Economy, Cass Freight Index

October 8, 2015 - Industry News

Slow Economic Growth Likely to Continue; Fed Policy Big Unknown

One economist is predicting continued slow growth for the economy, but believes our current economic models aren’t working when it comes to federal fiscal policy.

Tags: Economy, FTR Associates

October 2, 2015 - Industry News

Economic Watch: Employment, Manufacturing Disappoint; Construction Skyrockets

Despite a booming construction sector, the latest reports on jobs and manufacturing have some concerned that the U.S. economy is losing some of its steam.

Tags: Economy, Construction Industry, Unemployment, Manufacturing, Factory Orders, Construction Spending, Employment, Factory Shipments

October 1, 2015 - Industry News

Truck Demand May Be Slower Through 2016

After a strong end to 2014 and early 2015, the truck market has softened. With several unknown factors like regulations and fluctuating economic conditions, it looks like this trend may continue for a while.

Tags: Economy, Regulations, ACT Research, Truck Orders

September 30, 2015 - Industry News

Economic Watch: September Job Additions Total 200,000

Monthly additions in total nonfarm private employment.

Private sector employment increased by 200,000 jobs from August to September, according to a new report from the payroll processor ADP, but manufacturing lost jobs.

Tags: Economy, Employment

September 29, 2015 - Industry News

Economist Shares Positive Outlook at ACT Research Seminar

Tuesday attendees at ACT Research seminar. Photo: ACT

At least one economist is feeling good about the U.S. economy. Speaking at the 53rd ACT Research seminar Tuesday, Augustine Faucher, senior economist for PNC Financial Services Group, told the audience that the market “continues to look good for U.S. produced goods.”

Tags: Economy, ACT Research

September 29, 2015 - Industry News

U.S.-Cross Border Freight Movements Drop 8% in Value

Percent change in value of U.S.-NAFTA freight flows by mode: July 2014 - 2015. Graphic: U.S. DOT

The value of freight moved between the U.S. and its next door neighbors Canada and Mexico totaled $93 billion in July 2015. All modes except air carried less freight than in July 2014.

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

September 29, 2015 - Industry News

Economic Watch: Consumer Confidence, Spending Increasing

Consumers are feeling better than they were before and are spending more money because they are taking home larger paychecks, according two new reports. That bodes well for truck freight.

Tags: Economy, Consumer Confidence, Personal Income, Personal Spending

September 25, 2015 - Industry News

Swift Transportation Revises Profit Expectations

Photo by Evan Lockridge

Swift Transportation has lowered projections for profits for the final two quarters of the year and for the full year, due in large part to at least one accident, legal claims and expected lower freight volume.

Tags: Economy, Swift Transportation, Fleet Earnings

September 25, 2015 - Industry News

Economic Watch: GDP Revised Upward, Consumer Sentiment Declines

The U.S. economy performed better in the second quarter of the year than earlier thought, according to a new Commerce Department report Friday, leaving some wondering if this puts the Federal Reserve closer to raising interest rates.

Tags: Economy, GDP, Consumer Confidence, Federal Reserve, Gross Domestic Product

September 24, 2015 - Industry News

Economic Watch: Manufacturing Cools, New Homes Soar

Economic watchers got a mixed bag of reports on Thursday. One showed an easing in part of the manufacturing sector, including a measure of business investment. However, two others were upbeat regarding housing and the upcoming holiday sales season.

Tags: Economy, Retail Sales, Durable Goods, Manufacturing, Home Sales

September 23, 2015 - Industry News

Economic Watch: Manufacturing Still Sluggish, Construction Declines

September marks another month of relatively subdued growth across the U.S. manufacturing sector, according to a preliminary report, and construction activity in the U.S. retreated in August.

Tags: Economy, Construction Industry, Manufacturing

September 21, 2015 - Industry News

Crude Oil Prices Affect U.S. Production

An oil well in North Dakota. Photo: ConocoPhillips

Crude oil prices are moving higher amid concerns that low prices have led to too many crude production cuts.

Tags: Oil Prices, Economy, Fuel Prices, Diesel Prices

September 21, 2015 - Industry News

Economic Watch: Existing Home Sales Slow

Following three straight months of gains, existing–home sales dipped in August, according to a new report from the National Association of Realtors.

Tags: Economy, Fuel Prices, Diesel Prices, Crude Oil Prices, Home Sales

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