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Economy

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June 19, 2014 - Industry News

Economic Watch: Leading Indicators Rise, Fed Dampens 2014 Expectations

A measure of the health of the nation’s economy shows it has increased again, while concerns linger by the Federal Reserve about economic growth for the remainder of the year.

Tags: Economy, Consumer Prices, Housing Starts, Leading Economic Indicators, Federal Reserve

June 18, 2014 - Industry News

Truckload Linehaul, Intermodal Costs Higher Than a Year Ago

Compared to the same time last year, truckload linehaul costs in May averaged 5.8% higher, an increase that is consistent with those of 5.7% in April and 6% in March, according to the latest Cass Truckload Linehaul Index.

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

June 17, 2014 - Industry News

ATA Truck Tonnage Index Reflects Broad-Based Gains (With Video)

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1% in May and saw its second largest year-over-year increase in 2014 thus far.

Tags: Economy, ATA, American Trucking Associations, Truck Tonnage Index

June 17, 2014 - Industry News

Logistics Report Predicts ‘Banner Year’

This is going to be a banner year for the logistics industry, says Rosalyn Wilson in the 25th Annual State of Logistics Report. The economy last year was not stellar and business inventories plummeted in the first period this year as a consequence of bad weather, but freight is gaining now, Wilson says in a Tuesday presentation at the National Press Club.

Tags: Economy, Forecast, Freight, Logistics, Penske

June 16, 2014 - Industry News

Economic Watch: Industrial Production Rebounds, Homebuilder Optimism Grows

UPDATED -- U.S. industrial production rose 0.6% in May after having declined 0.3% in April, according to a new Federal Reserve report. The decrease in April was previously reported to have been 0.6%.

Tags: Economy, Industrial Production, Home Building

June 13, 2014 - Industry News

Economic Watch: Wholesale Prices Fall, Consumer Sentiment Dips

Prices at the wholesale level declined in May for the first time in three months, according to new U.S. Labor Department figures, while a separate report shows consumer sentiment fell slightly but is relatively stable.

Tags: Economy, Wholesale Prices, Consumer Sentiment

June 12, 2014 - Industry News

Economic Watch: Retail Sales Increase for Fourth Straight Month

Retail sales in the U.S. increased for the fourth consecutive month during May increasing 0.3% from the month before and 4.3% from the level the same time a year earlier.

Tags: Economy, Retail Sales

June 11, 2014 - Industry News

DOT Freight Index Near All-Time High

Freight Transportation Services Index, April 2009 - April 2014. Credit: U.S. DOT

The amount of freight carried by the for-hire transportation industry rose 0.4% in April from March, increasing for the third consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Wednesday.

Tags: Economy, Department of Transportation, U.S. DOT, Freight, Freight Index, Transportation Services Index, U.S

June 9, 2014 - Industry News

Cass Freight Index Increases, Shipment Volume Highest Since 2011

North American freight shipments and expenditures continued to buck the historic trend and increased again in May, according to the latest Cass Freight Index.

Tags: Economy, Freight, Freight Rates, Cass Freight Index

June 6, 2014 - Industry News

Economic Watch: U.S. Employment Grows by 217,000, Trucking Adds 1,500 Jobs

Four consecutive +200k monthly non-farm payroll reports is impressive, but it will take more than headline improvement to thrust the economy above current trend growth. Employment gains thus far have not yet led to wage pressures. Without adequate income growth, the consumer remains limited in spending capacity, which is restraining near-term growth prospects.

Tags: Economy, GDP, Employment

June 4, 2014 - Industry News

Economic Watch: Fed's June Beige Book Report says Economy Expanded In All Districts

Manufacturing activity expanded throughout the nation with a notable improvement along the East Coast. Growth was particularly strong for several Distracts related to motor vehicles, aerospace, and metals. Both non-residential construction activity and commercial real estate markets were generally steady to stronger since the last report.

Tags: Economy, GDP, Manufacturing

June 4, 2014 - Industry News

Economic Watch: April Factory Orders, Construction Spending Rise

New orders for manufactured goods were up for the third consecutive month in April, rising 0.7% to $499.8 billion. April was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.5 percent March increase.

Tags: Economy, GDP, Manufacturing, Construction Spending

May 30, 2014 - Industry News

Economic Watch: Consumer Spending, Sentiment Decline

The 0.1% drop in personal consumption expenditures follows an upwardly revised 1% increase during March, which was the largest gain since August 2009 and is the first decline in a year.

Tags: Economy, Consumer Spending, Consumer Sentiment

May 29, 2014 - Industry News

Trucking Increases Share with U.S.-NAFTA Trade Hike

Percent Change in Value of U.S.-NAFTA Freight Flows by Mode: March 2013 through March 2014. Credit: U.S. DOT

U.S. trade with its next-door neighbors totaled $101.5 billion in March 2014, the second highest amount on record, as four of five transportation modes carried more freight than the same time a year ago, according to new U.S. Transportation Department report.

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

May 29, 2014 - Industry News

Economic Watch: First Quarter GDP Falls 1%, Jobless Claims Hit 2007 Level

UPDATED -- The broadest measure of American economic health shows it throttled back in the first quarter of the year, according to the U.S. Commerce Department.

Tags: Economy, GDP, Unemployment, Employment

May 27, 2014 - Industry News

Economic Watch: Durable Good Orders Up, Shipments Fall; Consumers Upbeat

UPDATED: Shipments for these items designed to last three years or more fell 0.2% from March, following a 1.3% gain. The decline was led by a 1% drop in transportation shipments.

Tags: Economy, Durable Goods, Consumer Confidence

May 23, 2014 - Industry News

South Carolina Ports Have Best Month Since May 2008

The increase in pier containers pushed fiscal year 2014 volumes up by 5.5% year-over-year. April's pier container volume represented a 12.3% increase over April 2013 and a 21.7% increase over April 2012.

Tags: Economy, South Carolina, Freight, Ports, Port Trucking

May 22, 2014 - Industry News

Economic Watch: Manufacturing, Existing Home Sales, Economic Indicators Improve

UPDATED -- Three newly released reports suggest the American economy may finally be shaking off the winter doldrums that brought business activity down in the first quarter, with expectations of improvements well into the year.

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

May 20, 2014 - Industry News

April Truck Tonnage Up from March, Remains Near All-Time High

Credit: ATA

The American Trucking Associations’ For-Hire Truck Tonnage Index increased 1.5% in April, after rising 0.6% the previous month, according to newly released figures. In April, the index equaled 129.1 versus 127.2 in March. The all-time high was in November 2013 at 131.

Tags: Economy, ATA, American Trucking Associations, Freight, Truck Tonnage, Truck Tonnage Index

May 16, 2014 - Industry News

Economic Watch: Housing Starts Surge, Consumer Sentiment Dips

Housing starts in the U.S. jumped again in April, while the number of new building permits issued hit it best level since 2008, according to the U.S. Commerce Department.

Tags: Economy, Housing Starts, Consumer Sentiment

May 15, 2014 - Industry News

Economic Watch: Consumer Prices Rise, Industrial Production Down

UPDATED -- A new report shows consumer prices rising for the sixth straight month, with the Consumer Price Index increasing 0.3% in April from the month before, the biggest gain in 10 months.

Tags: Economy, Consumer Prices, Consumer Spending, Industrial Production

May 14, 2014 - Industry News

DOT Freight Index Up for Second Straight Month, Near Record High

Freight Transportation Services Index, March 2009 - March 2014. Credit: U.S. DOT

The amount of freight carried by the nation’s for-hire transportation industry rose 1.6% in March from February, rising for the second consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index.

Tags: Economy, Freight, Freight Index

May 14, 2014 - Industry News

Economic Watch: Producer Prices Post Biggest Jump in 18 Months

Prices at the wholesale level surged in April, with the Producer Price Index showing a 0.6% increase from the month before and the largest gain since September 2012, according to the U.S. Labor Department.

Tags: Economy, Wholesale Prices, Producer Prices

May 13, 2014 - Industry News

Economic Watch: April Retail Sales Barely Improve

Retail sales in the U.S. barely moved higher in April, increasing just 0.1% from the month before, according to new Commerce Department figures.

Tags: Economy, Retail Sales

May 7, 2014 - Industry News

Cass Freight Index: Freight Expenditures Hit Highest Level Since 1999

Freight expenditures increased for the third straight month during April while its 2.8% hike follows a 5.4% rise in March and an increase of 6.8% in February.

Tags: Economy, Freight, Cass Freight Index

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