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Economy

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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

August 15, 2013 - Industry News

Economic Watch: Industrial Production Flat, Inflation Tame, Housing Bright

A new report shows industrial production in the United States was at the same level in July as it was the month before. Meantime, a Labor Department report shows inflation is of little worry when it comes to the health of the economy.

Tags: Economy, Industrial Production, Consumer Prices

August 13, 2013 - Industry News

Economic Watch: Retail Sales Increase, More Than 5% Higher from a Year Ago

Retail sales in the United States posted their fourth straight monthly increase. The pace for July rose less than the previous month's increase, but sales are well ahead of the level from a year ago.

Tags: Economy, Retail Sales

July 26, 2013 - Industry News

Economic Watch: Latest Economic Numbers Hit Multi-Year Highs

While American’s are split on how President Obama is handling the economy, the latest numbers out show things are decidedly on the upswing, with increasing consumer confidence, rising home prices and steady job gains.

Tags: Economy, Consumer Confidence, Durable Goods

July 23, 2013 - Industry News

Freight Index Increases for Second Straight Month

The amount of freight moved in June moved barely higher after surging in May, but it still managed to hit a record high, according to the American Trucking Associations. But that partly reflects a heavier freight mix.

Tags: ATA, Freight, Economy

July 16, 2013 - Industry News

Economic Watch: Industrial Production, Consumer Prices and Homebuilder Confidence Rise

Industrial production in the United States has posted its largest increase in four months, according to the U.S. Federal Reserve. The overall performance matched a consensus estimate by economists surveyed by Bloomberg News, while the manufacturing number -- key to truck freight -- was better than expected.

Tags: Economy, Manufacturing, Consumer Prices, Home Sales, Industrial Production

July 15, 2013 - Industry News

Economic Watch: June Retail Sales Move Higher

Retail sales in the United States continue growing, according to new figures released by the U.S. Commerce Department, but not as much as many were hoping.

Tags: Economy, Retail Sales

July 10, 2013 - Industry News

Import Freight Traffic Expected to be Slow in Summer, Pick up in Fall

Summer typically marks the doldrums of the import freight season, and this one will likely be no exception, but things are expected to pick up big time in the fall, according to the new Port Trucker forecast from the National Retail Federation.

Tags: Economy, Freight, National Retail Federation, Imports

July 10, 2013 - Industry News

No Change in FTR's Trucking Conditions Index for May

FTR's Trucking Conditions Index for May at 12.4 is unchanged from the previous month, continuing to reflect a positive environment for trucking -- one that, combined with the new hours of service regulations restricting capacity, should result in some higher rates.

Tags: Economy, FTR Associates, Freight Rates, FTR Trucking Index

July 10, 2013 - Industry News

DOT Report Shows Freight Shipments Higher in May Than April

The amount of freight carried by the for-hire transportation industry rose 1.2% in May from April, rising after a one-month decline, according to the U.S. Department of Transportation Freight Transportation Services Index.

Tags: Economy, TSI, Housing Starts

July 8, 2013 - Industry News

Spot Market Freight Levels and Rates Bounce Back in June from May

Freight rates generally moved lower duing June, despite improving from May. Graphic: DAT

While June was a better month than May for spot market freight, it still was nowhere as good compared to the same time a year ago. However, things are expected to improve, at least month-to-month.

Tags: Spot Freight, DAT Transcore, Economy

July 2, 2013 - Industry News

Economic Watch: Factory Shipments and Orders Increase in May

Shipments and new orders for manufactured goods in the United States both headed higher in May, according to a new U.S. Commerce Department report, easing earlier fears this important sector to trucking and the economy might be in for tougher times.

Tags: Economy, Durable Goods, Manufacturing

July 1, 2013 - Industry News

Economic Watch: Construction Spending and Manufacturing Growing, Consumer Sentiment High

Overall construction spending in the United States during May rebounded sharply from the month before, thanks in part to an uptick in spending on public construction projects, while an other report shows manufacturing returned to expansion mode in June.

Tags: Economy, Construction, Housing, Manufacturing, Consumer Confidence

June 26, 2013 - Industry News

Economic Watch: More Traffic Congestion, Better Economy

If trucking is the lifeblood of the nation’s economy, then surprisingly, there is no reason for alarm if the arteries carrying those trucks seem a little clogged. Traffic information services provider Inrix reports traffic congestion rose nationally more than 9% in May, signaling the continued strengthening of the national economy.

Tags: Economy, Traffic Congestion, Inrix

June 26, 2013 - Industry News

Economic Watch: GDP Growth Revised Downward for First Quarter

The U.S. economy grew less in the first quarter of the year than previously estimated, thanks to lower consumer spending numbers and fewer exports, but the final GDP number is still an improvement over the previous quarter.

Tags: Economy, GDP, Consumer Spending, Exports

June 25, 2013 - Industry News

Economic Watch: Durable Goods, New Home Sales & Consumer Confidence Up

The first look by the federal government at orders and shipments of manufactured durable goods in May shows conditions continue improving. More good news came from the housing sector and in consumer confidence.

Tags: Economy, Housing, Durable Goods, Consumer Confidence

June 20, 2013 - Industry News

Economic Watch: Confidence, Existing Home Sales Move Higher, Navistar Stock Plummets

“Despite month-to-month volatility, the LEI’s six-month growth rate remains steady, suggesting that conditions in the economy remain resilient,” says Ataman Ozyildirim, economist at The Conference Board. “Widespread gains in the leading indicators over the last six months suggest there is some upside potential for economic activity in the second half of the year.”

Tags: Economy, Navistar

June 19, 2013 - Industry News

Logistics Report: Get Used to the ‘New Normal’ of Slow Growth

Considering the implosion that occurred in the wake of the go-go years before 2007, the current condition of slow economic growth has a certain appeal, according to the author of a new State of Logistics Report.

Tags: Economy, Logistics, 3PL

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