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Economy

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September 26, 2013 - Industry News

Economic Watch: Three New Reports Show Slow Improvements

Growth for the nation’s economy picked up dramatically in the second quarter of the year with the gross domestic product increasing at an annual rate of 2.5%.

Tags: Economy, Freight, GDP, Durable Goods, Manufacturing, Home Sales

September 25, 2013 - Industry News

Commercial Vehicle Market Update: Fleets Still Cautious

INDIANAPOLIS -- As we continue to see mixed signals from the short-term economy, many are suffering from "stable environment anxiety," said Eric Starks, president of FTR Transportation Intelligence, in a commercial vehicle market update during FTR's Transportation Conference this week in Indianapolis.

Tags: Economy, Class 8, Trailers, Truck Sales, FTR

September 24, 2013 - Industry News

6 Myths About the Economy

“I think it’s pretty astounding this economy continues to grow when you think about the shocks it’s taken," said Bob Costello, chief economist & vice president, American Trucking Associations, speaking at TMW Systems’ Transforum user conference in Anaheim, Calif., Tuesday.

Tags: Economy, ATA, TMW

September 24, 2013 - Industry News

ATA Economist: Industry Faces Capacity Crunch

ATA Chief Economist Bob Costello speaking at TMW Transforum this week.

ANAHEIM -- The trucking industry is looking at a severe capacity crunch in coming years with a variety of factors contributing to the situation, according to Bob Costello, chief economist of the American Trucking Associations.

Tags: Drivers, Economy, ATA, Freight, TMW

September 24, 2013 - Industry News

Economic Watch: Trucking Freight Boom Forecast

Photo: Evan Lockridge

There could be a lot more freight for trucking to move in the future from the nation’s manufacturing sector.

Tags: Economy, Freight, Manufacturing

September 24, 2013 - Industry News

Economic Watch: Consumer Confidence Inches Back

Americans aren’t feeling quite as good about the state of the economy this month as they were in August, but they are still optimistic.

Tags: Economy, Consumer Confidence

September 18, 2013 - Industry News

Economic Watch: Home Starts Up, Building Permits Down

Residential construction starts in the United States during August rose on strength in the single-family home market, but underlying weakness in housing is still spilling into the overall economy.

Tags: Economy, Housing

September 17, 2013 - Industry News

Economic Watch: Inflation Not a Threat to Growth

A new report shows inflation does not pose any threat to the slowly improving United State’s economy.

Tags: Economy, Consumer Prices

September 16, 2013 - Industry News

Economic Watch: Industrial Production Rises in August

Industrial production in the United States has posted its biggest increase in six months, according to the U.S. Federal Reserve.

Tags: Economy, Industrial Production

September 13, 2013 - Industry News

Economic Watch: Retail Sales Sluggish in August, Consumer Confidence Falls

UPDATED--Retail sales increased less than expected during August compared to the month before, but are up significantly compared to a year ago, driven primarily by auto sales.

Tags: Economy, Retail Sales, Consumer Confidence

September 12, 2013 - Industry News

FTR Gears up for Annual Conference

FTR Associates' 2013 Transportation Conference, "Insights for Uncertain Times," will be held Sept. 24-26 at the Historic Union Station in Indianapolis. More than 40 industry speakers and panelists will provide insight on the economy and all modes of freight transportation.

Tags: Economy, FTR Associates

September 11, 2013 - Industry News

Outlook Calls for Slightly Lower Diesel Prices, Gasoline to Drop More

Credit: DOE/EIA

A new government forecast is calling for diesel prices to average just below the same level this year as it was in 2012 and ease a little further next year.

Tags: Economy, Oil Prices, Diesel Prices, Gasoline Prices

September 6, 2013 - Industry News

Economic Watch: Overall Unemployment Slips, Trucking No Gains

While unemployment in the U.S. fell in August, the trucking industry added no jobs, and the number of jobs added the month before was revised sharply lower, according to the U.S. Labor Department.

Tags: Economy, Unemployment

September 5, 2013 - Industry News

Stifel: Soft Economy Makes Rate Hikes Tough, Despite Driver Shortage

Although a "cavalcade of regulations" is expected to make it harder than ever to find drivers, an economy that continues to grow at a sub-potential rate means fleets don't have a lot of leverage when it comes to raising rates, according to John Larkin and fellow transportation analysts at the Stifel Nicolaus investment firm.

Tags: Drivers, Economy, Manufacturing, Consumer Spending, Stifel Nicolaus

September 5, 2013 - Industry News

Economic Watch: Factory Shipments Increase While New Orders Decline

Photo: Evan Lockridge

Shipment of factory orders in July increased while new orders fell, according to a new Commerce Department report. Overall shipments saw their second hike in the past three months, but durable goods shipments fell slightly.

Tags: Economy, Durable Goods, Manufacturing, Factory Orders

September 5, 2013 - Industry News

Trucking Revenues Increase in First Half of 2013

Photo: Evan Lockridge

A new government report shows revenue in the trucking business increased 1.5% in the first six months of the year in the United States compared to the same time in 2012.

Tags: Economy, Fleets

September 4, 2013 - Industry News

Economic Watch: August U.S. Auto Sales Best in Nearly Six Years

Sales of cars, light trucks and SUVs in the United States remain high amid signs the public has no intent of cutting back on purchases, good news for fleets that haul everything from raw materials to components to delivering new cars to dealers.

Tags: Economy

September 3, 2013 - Industry News

Economic Watch: Manufacturing and Housing Increase Significantly

Economic activity in the manufacturing sector expanded in August for the third consecutive month and at its best pace in more than two years, raising hopes about the performance of the American economy during the third quarter of the year.

Tags: Economy

August 29, 2013 - Industry News

Economic Watch: Second Quarter GDP Performance Jumps

Analysts who were predicting a sharp downturn in the nation’s gross domestic product in the second quarter due to earlier dismal economic news got a shock with the release of a new report.

Tags: Economy

August 28, 2013 - Industry News

Economic Watch: Crude Hits Highest Price Since May 2011

Photo: By Chad Teer, Coquitlam, Canada, via Wikimedia Commons

Following indications the United States will launch a military strike against Syria, the price of oil has reached a more than two-year high.

Tags: Oil Prices, Diesel Prices, Gasoline Prices, Economy

August 27, 2013 - Industry News

Economic Watch: Increasing Traffic Congestion Points to Improving Economy

If increased traffic along the nation’s highways is a accurate indicator of increased commerce and an improving economy, then things are better overall than they were the same time a year ago according to one firm, Inrix, which monitors traffic congestion.

Tags: Economy, Traffic Congestion, Freight, Inrix

August 26, 2013 - Industry News

Economic Watch: Durable Goods Orders and Shipments Drop in July

New orders for long-lasting durable goods in the United States took a dive in July.

Tags: Economy

August 23, 2013 - Industry News

Economic Watch: Two Out of Three Reports Show Growth

Three important economic reports rolled in the past few days, with a split decision over sales of homes, while a third one measuring where the overall economy is headed shows continued growth and possibly greater economic strength.

Tags: Economy

August 20, 2013 - Industry News

Economic Watch: Freight Tonnage Index Strong Despite Drop

July truck tonnage falls from June, but is up from the same time a year ago. Credit: ATA

The amount of freight moved last month fell for the first time since April, according to newly released figures.

Tags: Economy, ATA, Freight, Truck Tonnage Index

August 16, 2013 - Industry News

Economic Watch: Housing Starts Increase While Consumer Confidence Drops

Overall home starts in July increased despite a drop in single-family units.

U.S. housing starts in July jumped 5.9% in July from the month before due to strength in volatile multifamily construction.

Tags: Economy, Fleets

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