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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.
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The amount of freight moved last month fell for the first time since April, according to newly released figures.
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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.
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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.
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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.
Read More →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.
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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.
Read More →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.
Read More →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.
Read More →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.
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