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While June was a better month than May for spot market freight, it still was nowhere as good compared to the same time a year ago. However, things are expected to improve, at least month-to-month.
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Shipments and new orders for manufactured goods in the United States both headed higher in May, according to a new U.S. Commerce Department report, easing earlier fears this important sector to trucking and the economy might be in for tougher times.
Read More →Overall construction spending in the United States during May rebounded sharply from the month before, thanks in part to an uptick in spending on public construction projects, while an other report shows manufacturing returned to expansion mode in June.
Read More →The U.S. economy grew less in the first quarter of the year than previously estimated, thanks to lower consumer spending numbers and fewer exports, but the final GDP number is still an improvement over the previous quarter.
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If trucking is the lifeblood of the nation’s economy, then surprisingly, there is no reason for alarm if the arteries carrying those trucks seem a little clogged. Traffic information services provider Inrix reports traffic congestion rose nationally more than 9% in May, signaling the continued strengthening of the national economy.
Read More →The first look by the federal government at orders and shipments of manufactured durable goods in May shows conditions continue improving. More good news came from the housing sector and in consumer confidence.
Read More →“Despite month-to-month volatility, the LEI’s six-month growth rate remains steady, suggesting that conditions in the economy remain resilient,” says Ataman Ozyildirim, economist at The Conference Board. “Widespread gains in the leading indicators over the last six months suggest there is some upside potential for economic activity in the second half of the year.”
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Considering the implosion that occurred in the wake of the go-go years before 2007, the current condition of slow economic growth has a certain appeal, according to the author of a new State of Logistics Report.
Read More →New home starts in the U.S. in May jumped significantly in May, increasing 6.8% from the month before.
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Fears that the trucking industry and the overall economy are hitting a soft patch during the second quarter may be eased a bit following a new report showing truck tonnage in May increased 2.3% from April, turning in a stellar performance.
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