Economic Watch: March Wholesale Prices, Retail Sales Move Higher
Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.
Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.
The Producer Price Index increased 0.2% from February, following declines of 0.5% and 0.8% the previous two months. Excluding volatile food and energy prices, the increase was also 0.2%, indicating broad-based gains.
Despite the hike, the PPI is still down 0.8% from a year ago -- but is up 0.9% when the food and energy sectors are excluded.
Meantime, a separate report from the Commerce Department shows retail sales in March increased 0.9% from February. This is the first gain in four months and the biggest increase in a year, but was slightly less than many analysts were expecting. Compared to a year earlier, the March level is 1.4% higher.
The department also upwardly revised February’s level to a 0.5% drop from an originally reported 0.6% decline.
“After months of restrained spending, consumers returned to the marketplace in March,” said Lindsey Piegza, chief economist at the investment firm Sterne Agee. “While hardly enough to offset the weakness since December, the smaller-than-expected rise at the end of the first quarter is a welcome step in the right direction.”
She cautioned that going forward into the second quarter, however, with much of the same themes lingering, such as overall activity, as well as hiring and certainly income growth, conditions are likely to remain restrained, continuing to limit spending patterns.
“From the Federal Reserve’s point of view, with consumer spending still fragile, a declining momentum in hiring, and virtually nonexistent inflation, there remains no rush to adjust monetary policy,” Piegza said.
Federal Reserve officials late last year indicated they were possibly open to increasing interest rates from near 0% around mid-2015. However, more recently they have indicated they are willing to hold off on such a move due to concerns about the economy’s performance.
More Fleet Management

How Innovative Trucking Leaders Turn Change Into an Advantage
As the pace of change accelerates in trucking, the fleets that adapt best have more than the latest technology. They have cultures that embrace improvement.
Read More →
Freight Broker Bonds Just Got Harder to Get. Here's What That Means for Your Fleet.
When it gets harder for a freight broker to prove they are financially sound, the ones who cannot clear that bar get pushed out of the market. And those are exactly the brokers who used to leave motor carriers holding the bag.
Read More →
Long-Awaited Canadian Border Bridge to Open in Detroit
For trucking, the bridge opening should offer immediate improvements in efficiency and reliability, with new customs facilities, expanded inspection capacity, and direct freeway-to-freeway connections.
Read More →
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Freight Tonnage Down, Rates up, as Lower Capacity Powers Trucking Recovery
The recovery from the freight recession continues to be driven by reduction in capacity rather than by increased demand.
Read More →
Think Your Trucking Fleet Isn't Using Much AI? Think Again
Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.
Read More →
ArcBest Consolidates Brands, Cuts Workforce
The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.
Read More →
Trucking Fleets Faced Record Operating Costs During Third Year of Freight Recession
ATRI's annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.
Read More →
Michelin Adds AI Assistant to MyConnectedFleet Platform
Michelin’s new generative AI tool delivers instant fleet insights, helping managers analyze fuel use, tire maintenance, vehicle status, and operational performance without manually creating reports.
Read More →
LytxOne Platform Now Features AI, Compliance, and Asset Tracking Tools
New enhancements add AI-powered insights, asset tracking, compliance automation, and configurable privacy controls to Lytx's all-in-one fleet management platform.
Read More →
