The industrial sector appears to be rebounding, with new figures showing production increased 0.8% during June.
Tuesday the Federal Reserve also reported the total output of the nation’s factories, mines and utilities increased a revised 0.4% in May, up from an originally reported 0.3% increase.
The June production increase is the largest since October 1999, while output at factories was the sixth consecutive monthly increase.
Home electronics, motor vehicles and parts, and computers and office equipment accounted for higher production levels at factories, while production of appliances, furniture and carpeting declined.
The news came as Federal Reserve Chairman Alan Greenspan testified before the Senate Banking Committee that the nation is on the road to an economic recovery, but is still reeling from the effects of last year’s recession.
Greenspan said, “the U.S. economy is poised to resume a pattern of sustainable growth.”
His remarks were more upbeat than the last time he testified before Congress, saying this time around the Federal Reserve expects the U.S. economy to grow 3.5% to 3.75% when measured from the fourth quarter of last year.
The chairman also addressed concerns about recent stock market jitters, saying corporate CEOs should be held accountable to accurately report on the financial condition of their companies and should be penalized for not doing so.
Industrial Production Up
The industrial sector appears to be rebounding, with new figures showing production increased 0.8% during June
More Fleet Management

The Trucking Industry’s Threat Intelligence Gap
The trucking industry has no shortage of cybersecurity reports and cargo crime statistics. What it lacks is timely, operational intelligence that fleets can actually use.
Read More →
Truck Crash Rates Are Down. So Why Do Insurance Costs Keep Rising?
ATRI’s latest research points to litigation, social inflation, and soaring claims costs as key drivers behind record-high liability premiums for trucking fleets. But there are things motor carriers can do.
Read More →
ATA Truck Tonnage Holds Steady in April at Highest Levels Since 2022
ATA’s For-Hire Truck Tonnage Index was unchanged in April after a strong March gain, with freight volumes remaining at their highest levels since late 2022.
Read More →
Fleetworthy Launches Connected Platform for Fleet Readiness Across Safety and Compliance, Toll Management, and Weigh Station Bypass
Fleetworthy has unveiled three major product launches it says mark a new era in fleet readiness.
Read More →Behind the SCOTUS Broker Ruling Part 1
Transportation attorney Greg Feary breaks down the recent Supreme Court decision that brokers can be held liable for damages in truck accidents and what it means for the trucking industry going forward.
Read More →
ACT Research: Trailer Orders Continue Upward Surprise in April
Preliminary net trailer orders rose 3% from March and jumped 126% year over year, signaling stronger-than-expected demand despite typical seasonal softness.
Read More →
DAT: Fuel Surcharges Drive April Truckload Rate Gains as Freight Volumes Slip
Truckload spot and contract rates climbed in April. But DAT says higher fuel costs -- not stronger freight demand -- were behind most of the increase.
Read More →
Deadline Extended for HDT Truck Fleet Innovators Nominations
Heavy Duty Trucking has extended the deadline for nominations for its Truck Fleet Innovators awards. The deadline has been extended to May 22.
Read More →
Supreme Court Ruling Puts Freight Broker Vetting Practices in Spotlight
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.
Read More →
FMCSA’s Motus System Is Coming. What Fleets Need to Know Now
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.
Read More →
