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Economy

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January 8, 2014 - Industry News

Freight Shipments Fall in December, 2014 Projected to be Better Than Last Year

North American freight activity followed virtually the same path in 2013 as it did in the previous two years, concluding with the typical December falloff, according to new issue of the Cass Freight Index Report.

Tags: Economy, Freight, Cass Freight Index

January 7, 2014 - Industry News

Economic Watch: NAFTA Surface Trade Hits Record High

Percent change in value of U.S.-NAFTA freight flows by mode: October 2013 compared to October 2012.

U.S. trade with its North American Free Trade Agreement partners, Canada and Mexico, amounted to $103.1 billion in October, up 4.5% from the same time a year earlier and exceeded $100 billion for the first month on record, according to new U.S. Department of Transportation figures.

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

January 6, 2014 - Industry News

Economic Watch: Factory Shipments and Orders Hit Record High

Shipments and new orders for manufactured goods in the United States both hit their highest levels on record in November, according to a new U.S. Commerce Department report released on Monday.

Tags: Economy, Freight, Manufacturing, Factory Orders

January 3, 2014 - Industry News

Economic Watch: 2013 Auto Sales Best Since 2007

Sales of new autos in the United States last year should post their performance since 2007, despite a slight dip in December, according to published reports.

Tags: Economy, Auto Sales, Auto Haulers

January 2, 2014 - Industry News

Economic Watch: Manufacturing Continues Expansion, Construction and Consumer Confidence Jump

Economic activity in the nation’s manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, according to a new report from the nation’s purchasing managers.

Tags: Economy, Manufacturing, Construction Spending, Consumer Confidence

December 31, 2013 - Industry News

Economic Watch: Year Ending With Positive Economic News

Photo: Evan Lockridge

The final week of 2013 provided some encouraging economic numbers including about holiday sales.

Tags: Economy, Retail Sales, Durable Goods, Home Sales, Consumer Spending

December 20, 2013 - Industry News

Economic Watch: Gross Domestic Product Clocks In at Perky 4.1% Increase

The American economy expanded more in the third quarter of the year than earlier projections, according to the U.S. Commerce Department.

Tags: Economy, GDP

December 19, 2013 - Industry News

Economic Watch: New Home Sales Slide, Fed Eases Back on Economic Stimulus

UPDATED -- Existing home sales in the United States have fallen for the third straight month, according to the National Association of Realtors, but it’s not due to lack of interest from prospective buyers.

Tags: Economy, Home Sales, Federal Reserve

December 18, 2013 - Industry News

Economic Watch: Housing Booming, Inflation Remains Tame

New housing starts in the United States during November surged 22.7% higher than the October rate, hitting its best level in five-years, according to new figures released by the U.S. Commerce Department.

Tags: Economy, Consumer Prices, Housing Starts

December 16, 2013 - Industry News

Economic Watch: Industrial Production Posts Best Gain in a Year

Industrial production in the United States last month grew at its fastest pace in a year with output increasing past a pre-recession peak, according to the U.S. Federal Reserve.

Tags: Economy, Freight, Industrial Production

December 11, 2013 - Industry News

For-Hire Freight Index Drops After Hitting Record High

The amount of freight carried by the for-hire transportation industry fell 0.7% in October from September, the first monthly decline after three months of increases, according to a new figures from U.S. Department of Transportation and its Freight Transportation Services Index.

Tags: Economy, Freight, Freight Index

December 6, 2013 - Industry News

Economic Watch: Unemployment Hits Five-Year Low, Consumer Spending Up

Unemployment moved down in November to its lowest level in five years and with it trucking added the most jobs in several months.

Tags: Economy, Unemployment, Consumer Spending

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

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