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April 10, 2014 - Industry News

Economic Watch: First Time Jobless Benefit Claims Plummet

The number of Americans filing first-time jobless claims in the U.S. for the week ending April 5 posted its largest weekly decline since December 2012 with the lowest level of claims hit since March 2007.

Tags: Economy, Unemployment, Employment, Federal Reserve

April 9, 2014 - Industry News

DOT Freight Index Hits Third Highest Level on Record

Credit: U.S. DOT

The amount of freight carried by the nation’s for-hire transportation industry rose 1.2% in February from January, rising after two consecutive monthly declines.

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

April 8, 2014 - Industry News

Strong Volume Reflected in Cass Freight Index

March freight shipment volume in the U.S. increased 6.6% over the prior month, on top of the 7.3% rise seen in February, according to the just released Cass Freight Index.

Tags: Economy, Freight, Cass Freight Index

April 3, 2014 - Industry News

Economic Watch: Non-Manufacturing Activity Increased During March

A measure of the health of the nation’s non-manufacturing sector shows it grew in March for the 50th consecutive month, according to the nation's purchasing and supply executives.

Tags: Economy, Non-Manufacturing

April 2, 2014 - Industry News

Economic Watch: Employment, Factory Shipments and Orders Post Gains

Private sector employment in the U.S. increased by 191,000 jobs from February to March, according to the March ADP National Employment Report released Wednesday.

Tags: Economy, Consumer Spending, Factory Orders, Employment, Factory Shipments

April 2, 2014 - Industry News

Trucking Conditions Index Reflects Unprecedented Capacity Constraints

A new report shows business conditions in the trucking industry remain positive, despite a slight downturn, amid warnings of a possible capacity shortage.

Tags: Economy, Fleets, Freight, FTR, Capacity, Spot Freight, Manufacturing, Freight Rates, Freight Volume

April 1, 2014 - Industry News

Economic Watch: Manufacturing Expands, Construction Flat

Economic activity in the U.S. manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

Tags: Economy, Manufacturing, Construction Spending

March 31, 2014 - Industry News

Economic Watch: Consumer Spending and GDP Gain Among Other Indicators

New figures show biggest driver of the U.S. economy increased last month while the overall economy grew more than estimated a month ago.

Tags: Economy, Freight, GDP, Durable Goods, Home Sales, Consumer Spending

March 21, 2014 - Industry News

Economic Watch: New Construction Down Slightly

After the strong finish to last year, the construction start statistics have shown lackluster activity during the first two months of 2014, totaling an annual rate $486.7 billion last month.

Tags: Economy, Construction Spending

March 20, 2014 - Industry News

U.S. NAFTA Surface Trade Increased in 2013, Trucking’s Share Dips

U.S.-NAFTA Merchandise Trade by Mode: 2010-2013. Graphic: U.S. DOT

A new U.S. Transportation Department repot shows three of the five surface transportation modes, truck, rail and pipeline, carried more U.S. trade with North American Free Trade Agreement partners Canada and Mexico by value in 2013 than compared to the year before.

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

March 20, 2014 - Industry News

Economic Watch: Existing Home Sales Fall, Economic Indicators Up

UPDATED -- Rising prices and severe winter weather caused existing-home sales to slip in February to its lowest level since July 2012 while the outlook for the overall American economy is improving.

Tags: Economy, Home Sales, Leading Economic Indicators

March 19, 2014 - Industry News

Economic Watch: Fed Further Reduces Stimulus Program

The U.S. Federal Reserve on Wednesday announced it would further reduce a stimulus program for the nation’s economy and is leaving interest rates unchanged.

Tags: Economy, Federal Reserve

March 18, 2014 - Industry News

Economic Watch: Inflation Tame, Housing Starts Slip

The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.

Tags: Economy, Freight, Home Starts, Inflation

March 17, 2014 - Industry News

Economic Watch: Manufacturing Posts Biggest Jump Since August

Photo: Evan Lockridge

Manufacturing increased 0.8% compared to the month before, nearly erasing a 0.9% decline in January, which the Fed attributed to extreme weather.

Tags: Economy, Industrial Production, Freight

March 14, 2014 - Industry News

Economic Watch: Producer Prices Fall, Consumer Sentiment Weakens

Prices at the wholesale level fell in February, according to a U.S. Labor Department report released Friday, leaving little worry that inflation is a problem.

Tags: Economy, Consumer Confidence, Producer Prices

March 13, 2014 - Industry News

Truckload Linehaul Rate Increasing, Intermodal Forecast Higher

Truckload linehaul rates continue to rise, according to the Cass Truckload Linehaul Index. With demand increasing and capacity decreasing, along with the last two quarters showing an unusually high number of carriers exiting the business, capacity is tight,

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

March 13, 2014 - Industry News

Economic Watch: Retail Sales Improve Following Two Monthly Drops

The 0.3% increase follows a downwardly revised 0.6% decline in January while the December drop was revised down to 0.3%.

Tags: Economy, Retail Sales, Freight

March 7, 2014 - Industry News

Cass Freight Index Shows February Increase

Despite continued weather problems, North American shipment volume and freight spending both soared in February 2014.

Tags: Economy, Freight, Cass Freight Index

March 7, 2014 - Industry News

Economic Watch: 175,000 Jobs Added in February, None for Trucking

Employers added 175,000 jobs in February, better than the previous two months, according to new U.S. Labor Department figures.

Tags: Economy, Unemployment, Employment

March 6, 2014 - Industry News

Economic Watch: Factory Shipments, Orders Fall

New orders fell 0.7% from the month before, following a December drop of 2%, larger than first reported. Excluding transportation, new orders in January increased 0.2%.

Tags: Productivity, Economy, Factory Orders, Factory Shipments

March 5, 2014 - Industry News

Economic Watch: Job Creation, Non-Manufacturing Employment Lose Steam

UPDATED -- Private sector employment increased by 139,000 jobs from January to February, according to the National Employment Report released Wednesday by the payroll management services provider ADP.

Tags: Economy, Non-Manufacturing, Employment, Federal Reserve

March 3, 2014 - Industry News

Economic Watch: Consumer Spending and Other Indicators Rise

UPDATED -- Consumers opened their wallets a little more in January than they did in December, according to new figures from the U.S. Commerce Department.

Tags: Economy, Consumer Spending, Auto Sales, Manufacturing, Construction Spending

February 28, 2014 - Industry News

Economic Watch: Fourth Quarter Growth Revised Downward

The estimated level of U.S. economic growth in the fourth quarter of last year was revised sharply downward by the Commerce Department on Friday.

Tags: Economy, GDP, Consumer Spending

February 27, 2014 - Industry News

Trucking Increases Share of Total NAFTA Trade in December

Percent change in value of U.S.-NAFTA freight flows by mode, December 2013 compared to December 2012. Credit: U.S. DOT

Trucking increased its dominance over other transportation modes in December when it comes to hauling freight between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico.

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

February 27, 2014 - Industry News

Economic Watch: Durable Goods Shipments and Orders Fall

Shipments fell 0.4% in January from the month before, it’s third straight decline, after dropping 1.8% in December. Shipments of machinery led the decline, falling 2.6%.

Tags: Economy, Durable Goods, Manufacturing

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