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Economy

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February 7, 2014 - Industry News

Economic Watch: Unemployment Falls, Retail Sales to Head Higher

UPDATED -- Unemployment in the U.S. continues moving lower, but job growth is also weakening, according to new U.S. Labor Department figures.

Tags: Economy, Unemployment, Retail Sales

February 5, 2014 - Industry News

Economic Watch: Private Jobs Grow in January, Non-Manufacturing Activity Up

Private sector employment increased by 175,000 jobs from December to January, according to new report released Wednesday from the payroll service provider ADP.

Tags: Economy, Non-Manufacturing, Employment

February 4, 2014 - Industry News

Economic Watch: Factory Orders and Shipments, Falling Deficit, New Fed Chair

Shipments and new orders for factor good both declined in December, according to new figures released by the U.S. Commerce Department.

Tags: Economy, Manufacturing, Factory Orders, Federal Reserve, Factory Shipments

February 3, 2014 - Industry News

Economic Watch: January Manufacturing Slows, 2013 Construction Explodes

Photo: Evan Lockridge

Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, but retreated from levels seen in December, say the nation's supply executives.

Tags: Economy, Manufacturing, Construction Spending

January 31, 2014 - Industry News

Economic Watch: Consumer Spending Up, Sentiment Down

Consumer spending in the U.S. posted modest gains in December and all of last year, according to new Commerce Department figures.

Tags: Economy, Consumer Confidence, Consumer Spending

January 30, 2014 - Industry News

Economic Watch: GDP Advances at Annual Rate of 3.2% for Quarter

The U.S. economy expanded at a healthy pace in the final quarter of last year amid a big jump in consumer spending, according to new Commerce Department figures.

Tags: Economy, GDP, Consumer Spending

January 29, 2014 - Industry News

Economic Watch: Federal Reserve Stays the Course in Final Bernanke Meeting

Federal Reserve Chairman Ben Bernanke

In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.

Tags: Economy, Federal Reserve, People

January 29, 2014 - Industry News

Economic Watch: Trucks Moving More NAFTA Trade

Percent Change in Value of U.S.-NAFTA Freight Flows by Mode, November 2013 Compared to November 2012. Credit: U.S. DOT

Three of the five transportation modes - truck, rail and pipeline - carried more U.S.-NAFTA trade in November 2013 than they did a year earlier, according to new figures from the U.S. Transportation Department.

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

January 28, 2014 - Industry News

Economic Watch: Durable Goods Shipments and Orders Gain in 2013, Consumer Confidence Increasing

Shipments and new orders for manufactured durable goods in the U.S. ended 2013 on a down note, but each were up for the year, according to a new U.S. Commerce Department report released Tuesday.

Tags: Economy, Consumer Confidence, Durable Goods

January 27, 2014 - Industry News

Economic Expansion Likely To Continue

While some people are seeing optimism in housing starts, there's still a long way to go.

LAS VEGAS -- The economic expansion is likely to continue through the balance of the year, predicts Bob Dieli, president and founder of RDLB Inc., an economic research and management consulting firm.

Tags: Economy, HDAW, MacKay and Co., Housing Starts, Truckable Economic Activity, HDAW 2014

January 27, 2014 - Industry News

Economic Watch: 2013 Home Sales Best in Five Years Despite December Decline

Sales of new homes in the U.S. fell 7% in December from the month before, following a November drop of 3.9% from the month before, according to a new U.S. Commerce Department report.

Tags: Economy, Home Sales

January 23, 2014 - Industry News

Economic Watch: Construction and Leading Indicators Rise, Home Sales Best in 7 Years

McGraw Hill's Dodge Construction Index tracks total U.S. construction activity.

UPDATED -- Total new construction starts in the U.S. during 2013 increased 6% from the year before to $516.8 billion. This follows the 10% gain reported for 2012 and modest 2% gains in both 2010 and 2011, according to new data released from construction information services provider McGraw Hill Construction.

Tags: Economy, Home Sales, Leading Economic Indicators, Construction Industry

January 22, 2014 - Industry News

Freight Indicators Hit or Near Record Highs

Two measures about the health of the U.S. trucking industry turned in either their best or near-record numbers for December.

Tags: ATA, American Trucking Associations, Freight, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Truck Tonnage Index, Economy

January 17, 2014 - Industry News

Economic Watch: Housing Starts Best Since '07, Industrial Production Jumps

The annual rate registered 923,400 single-family homes and apartments, an 18% increase above 2012 figure of 780,600.

Tags: Economy, Freight, Industrial Production, Home Starts

January 16, 2014 - Industry News

Economic Watch: Inflation Tame, Overall Conditions Improving

Despite the biggest jump in consumer prices in six months and the first hike in wholesale prices in three months, inflation remains tame, according two new reports.

Tags: Economy, Freight, Consumer Prices, Wholesale Prices, Federal Reserve

January 14, 2014 - Industry News

Economic Watch: Retail Sales Edge Higher in December

Photo: Evan Lockridge

American consumers opened up their wallets a little bit more in December, according to new figures from the U.S. Commerce Department.

Tags: Economy, Retail Sales

January 10, 2014 - Industry News

Economic Watch: Light Vehicle Sales Forecast to Increase for Fifth Straight Year

Anyone associated with getting to market new light vehicles, (cars, light trucks and SUVs), not to mention sales and manufacturing of them, has reason to be hopeful about business prospects in the New Year.

Tags: Economy, Freight, Auto Sales, Auto Haulers

January 10, 2014 - Industry News

Economic Watch: Unemployment Down but Job Growth Weak

While new figures show the nation’s unemployment rate has fallen to its lowest level since October 2008, job growth in December was the slowest in nearly three years.

Tags: Economy, Unemployment

January 9, 2014 - Industry News

DOT Freight Index Rises to Best Level on Record

Five Years: Freight Transportation Services Index, November 2008-November 2013. Credit: U.S. DOT

The amount of freight carried by the nation’s for-hire transportation industry rose 1.2% in November from October, rebounding from a one-month decline to reach its highest all-time level, according to a new U.S. Department of Transportation report.

Tags: Economy, U.S. DOT, Freight, Freight Index

January 9, 2014 - Industry News

Economic Watch: 2013 Job Cuts Lowest Since 1997

2013 planned jobs cuts versus those in 2012. Graphic: Challenger, Gray & Christmas

Announced job cuts fell to the lowest level of the year in December as U.S.-based employers reported plans to reduce payrolls by 30,623 during the month, representing a 32% decline from a November total of 45,314, according to a new report by the global outplacement consultancy Challenger, Gray & Christmas.

Tags: Economy, Unemployment

January 8, 2014 - Industry News

Economic Watch: December Job Growth Strongest of 2013

Private sector employment increased by 238,000 jobs from November to December, according to the new ADP National Employment Report, making the final month of 2103 the strongest month for job growth last year.

Tags: Economy, ADP, Employment

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

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