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SEARCHThe overall April increase was less than a consensus forecast of economist polled by Reuters, increasing concerns that these and other economic indicators show the economy is not as robust in the second quarter of the year as it was during the first quarter.
Shipments of factory orders have fallen for the second straight month while new orders have moved higher.
A new U.S. Commerce Department report shows shipments fell 0.7% in April following a 1.5% drop in March. Shipments of manufactured durable goods fell 0.4% following a 0.9% increase in March while shipments of non-durable manufactured goods, dropped for the second straight month in April by 1%.
In contrast, new factory order numbers look better adding 1% in April from the month before, up two of the last three months. Excluding new transportation orders the decline was only 0.1%. March’s performance was revised downward reflecting a 4.7% decline.
Orders for manufactured durable goods in April increased 3.5% while those for non-durable goods fell 1%.
The overall April increase was less than a consensus forecast of economists polled by Reuters, increasing concerns that these and other economic indicators show the economy is not as robust in the second quarter of the year as it was during the first quarter.
Preliminary net trailer orders rose 3% from March and jumped 126% year over year, signaling stronger-than-expected demand despite typical seasonal softness.
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Truckload spot and contract rates climbed in April. But DAT says higher fuel costs -- not stronger freight demand -- were behind most of the increase.
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Heavy Duty Trucking has extended the deadline for nominations for its Truck Fleet Innovators awards. The deadline has been extended to May 22.
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The unanimous SCOTUS ruling in the closely watched Montgomery v. Caribe case allows state negligence claims against freight brokers that hire unsafe motor carriers, raising new liability and vetting concerns among brokers.
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FMCSA's long-awaited registration system promises a single portal — and tighter fraud controls. And there are steps you need to take by May 14.
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New Fleet Advantage research shows generative AI adoption has exploded among private fleets. But poor data integration and weak ROI tracking are preventing fleets from unlocking AI’s full operational and financial value.
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Seven years into deploying Phillips Connect’s smart trailer platform, Nussbaum Transportation has extended trailer life from 10 to 15 years.
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How a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.
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When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.
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As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.
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