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Economy

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March 13, 2013 - Industry News

Retail Sales Post Big Gain for February

U.S. retail sales rose in February by the greatest level since September. The U.S. Commerce Department on Wednesday reported a 1.1% increase from the month before with the January figure being upwardly revised to a 0.2% gain. February activity was 4.6% higher than the same time a year ago.

Tags: Economy, Retail Sales

March 6, 2013 - Industry News

Factory Shipments, Orders Reports Better Than They Appear

If you take out the volatile, often big-ticket transportation sector, manufacturing numbers look a lot better.

A new government report on U.S. manufactured shipments and orders for February is the latest in a recent string of economic numbers that sound worse than they really are.

Tags: Economy, Durable Goods, Manufacturing

March 6, 2013 - Industry News

TCA Fleet Panel Sees Drop in Driver Applications, But Positive Signs on Economy, Freight, Rates

Lana Batts, Max Fuller, Derek Leathers and Dan England during TCA's Tuesday General Session.

The driver shortage is already intensifying, with the number of both new and experienced driver applicants down over the last couple of months, as economic signs lead to improved optimism about increases in freight and rates this year, according to a panel discussion of three major truckload executives Tuesday at the Truckload Carriers Conference annual convention in Las Vegas.

Tags: Drivers, Economy, Hours of Service, C.R. England, Werner Enterprises, TCA, U.S. Xpress

March 5, 2013 - Industry News

Steve Forbes Lays Out Policy Changes That Could Jump-Start Economy

Many economists have called the slow 1.5% to 2% GDP growth "the new normal." But Steve Forbes, chairman and editor in chief of Forbes Media, calls it "the new abnormal" and believes a few significant policy changes would turn things around.

Tags: Economy, Health Issues, TCA, Business Costs

February 27, 2013 - Industry News

Shipments and Orders of Durable Goods Shrink in January

Shipments of manufactured durable goods fell in January, according to a new advance report released by the U.S. Commerce Department. The 1.2% decline from the month before is the first drop in four months.

Tags: Economy, Durable Goods

February 26, 2013 - Industry News

New Reports Show Bright Spots In The Economy

While trucking and the rest of the nation are nervous about the increasing likelihood of federal budget sequestration and its effect on the economy, some of the first numbers out show the year has started off better than expected.

Tags: Economy, Consumer Confidence, Housing

February 15, 2013 - Industry News

Consumer Confidence Better than Expectations, Industrial Production up Year over Year

Consumer confidence rose in February, according to the latest Thompson Reuters/University of Michigan survey, blowing past what a poll of economists were forecasting, but January industrial production numbers were not so stellar.

Tags: Economy, Consumer Confidence, Industrial Production

February 15, 2013 - Industry News

Spot Freight Index Shows Unusual Strength in January

This is the first time DAT's Spot Freight Index has shown an increase in freight availability from December to January.

Reaching the highest-ever volume for the month of January, the DAT North American Freight Index increased 42% last month compared to January 2012. Freight volume was unusually robust for the season, exceeding December levels by 24%

Tags: Economy, Freight, DAT, Spot Freight, Brokers

February 14, 2013 - Industry News

Retail Sales Barely Move Higher In January

Retail sales for the country started off in low gear during January, hitting their slowest pace in three months, with some analysts blaming the expiration of Social Security payroll tax cuts for the drop.

Tags: Economy, Retail Sales

February 11, 2013 - Industry News

Truckload and Intermodal Linehaul Rates Rose In January

Truckload linehaul rates rose for the fourth straight month in January, increasing 0.9% from December, according to the Cass Truckload Linehaul Index. Annually, rates are up 4.1% from last January. Superstorm Sandy may have much to do with the larger-than-normal January increase.

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

February 7, 2013 - Industry News

FTR Trucking Conditions Index Remains at Normal Recovery Level

FTR’s Trucking Conditions Index for December came in with a reading of 8.38, which the transportation forecasting group says is reflective of the current good environment for truckers.

Tags: Economy, Hours of Service, FTR, rates, Trucking Conditions Index

February 6, 2013 - Industry News

Congestion Cost Trucking $27 billion in 2011

Congestion has a price, and for the trucking industry, It's billions of dollars lost. The total financial cost of congestion in 2011 was $121 billion, up one billion dollars from the year before and translating to $818 per U.S. commuter. Of that total, about $27 billion worth was wasted time and diesel fuel from trucks moving goods on the system.

Tags: Economy, Traffic Congestion, Infrastructure, Highways

February 5, 2013 - Industry News

Fleet Sentiment Report Showing Positive Signs for CV Purchases

The sixty-four responses received by CK Commercial Vehicle Research to their Q1 2013 Fleet Sentiment Report inquiry show positive signs for medium and heavy commercial truck and trailer purchases.

Tags: Economy, Truck Sales, Trailer sales, FSR

February 4, 2013 - Industry News

Diesel, gasoline prices jump

Both diesel and gasoline prices saw a significant increase this past week. Diesel prices jumped an average of 9.5 cents per gallon across the nation to settle at $4.02.

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

February 4, 2013 - Industry News

Study shows shale boom provides boost to trucking

Shale energy exploration, the growing practice of deep horizontal drilling to harvest oil and natural gas previously beyond reach, has changed America’s energy industry and overall economy.

Tags: Fracking, OIl, Natural Gas, Ohio, Pennsylvania, Texas, Louisiana, North Dakota, Economy

February 4, 2013 - Industry News

Preliminary Class 8 Orders for January Show Improvement

FTR Associates has released preliminary data showing January Class 8 truck net orders at 22,235, 7% higher than December but down 11% year-over-year. Orders for Class 8 vehicles have been above the 20,000 mark for the past four months, showing some strength after a soft period mid-year 2012.

Tags: Economy, Class 8, FTR Associates

February 4, 2013 - Industry News

U.S. Factory Orders Rise, Following Lackluster Report on GDP

Factory orders in December offered better economic news than last week's GDP numbers, though not as good as analysts were expecting.

Tags: Economy, GDP, Factor Orders, Unemployment

January 31, 2013 - Industry News

Daimler Confirms Potential Layoffs of 1,300 Workers

Daimler Trucks North America is in the process of notifying approximately 1,300 production workers across DTNA’s North American manufacturing facilities of a potential layoff in compliance with the Worker Adjustment and Retraining Notification Act, according to the company.

Tags: Economy, Daimler

January 28, 2013 - Industry News

Used Truck Sales Volumes Show Mixed Results for the Year

The wholesale used market was the only segment to grow from 2011 to 2012, up 3%. The auction and retail markets both fell 11%.

Tags: Economy, ACT Research, Used Trucks

January 28, 2013 - Industry News

Trailer Order Volume Strongest Since March 2006

Following a modest pullback in November, the trailer industry closed 2012 on a strong note: December saw new orders rise to a multi-year high, while cancellation activity remained at modest levels.

Tags: Economy, Trailers, ACT Research

January 23, 2013 - Industry News

Equipment Lease Finance Industry Confidence Increases in January

Overall, confidence in the equipment finance market is 54.2, an increase from the December index of 48.5, reflecting industry participants' improved outlook amid ongoing concerns with economic conditions and management of fiscal issues.

Tags: Industry, Economy

January 22, 2013 - Industry News

Truck Tonnage Index Jumped 2.8% in December

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.8% in December after surging 3.9% in November. The 3.9% gain in November was revised from a 3.7% increase ATA reported on Dec. 18

Tags: Economy, ATA, Truck Tonnage

January 21, 2013 - Industry News

Economy is in Expansion, but New Normal Dampens Enthusiasm

LAS VEGAS -- Although business investment has slowed due to uncertainty over fiscal negotiations in Washington, the economy is not in any imminent danger of sliding into a recession, said economist Bob Dieli during Heavy Duty Aftermarket Dialogue Monday the day before Heavy Duty Aftermarket Week

Tags: Economy, HDAW, HDMA

January 21, 2013 - Industry News

FTR's Shippers Conditions Index Begins Expected Decline

FTR Associates Shippers Conditions Index for November fell marginally from October to a reading of -5.3, the precursor to what is expected to be a more challenging environment for shippers -- meaning more leverage for truckers -- in 2013

Tags: Economy, FTR, Shippers

January 17, 2013 - Industry News

Engineers Warn About the Economic Impact of Not Investing in Infrastructure

A lack of funding in infrastructure will mean more to the people of the United States than a few more potholes in the road. According to the American Society of Civil Engineer's Failure to Act report, "The Impact of Current Infrastructure Investment on America's Economic Future," the U.S. government and its people will be feeling the lack of infrastructure funding in their wallets

Tags: Infrastructure, Economy

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