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While not all the recent numbers that measure the health of the U.S. economy are glowing, they are not as bad, and in some cases much better, than analysts were expecting during this second quarter.
Read More →To sum up the general economic outlook for the upcoming months in one sentence: More of the same for 2013 and then better in 2014. That is how FTR Associates Senior Consultant Bill Witte predicted the overall economy will be in the near future at the recent State of Freight Summit held by FTR.
Read More →Despite a drop in trucking jobs in May, employment in the for-hire trucking segment is up greatly from earlier levels, with about 40,000 jobs being added in the past 12 months and around 152,000 added from three years ago.
Read More →The 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.
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If traffic congestion is a good indicator of the health of the economy, then some economists’ recent concerns about hitting a so-called “soft patch” during the current quarter may be unfounded.
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Consumers pulled back on their spending in April -- dropping 0.2% from a downwardly revised 0.1% increase in March -- but still have good confidence in the American economy, according to separate reports.
Read More →The U.S. Commerce Department reports the gross domestic product expanded at an annual rate of 2.4%, down from 2.5% reported last month. The rate is still much higher than the 0.4% rate reported in the final quarter of last year.
Read More →A new U.S. Transportation Department report shows the value of goods moving between the U.S. and its NAFTA partners by all modes of transportation decreased by 4% in March compared to a year ago, but rose 63.7% compared to March 2009.
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A new report issued by the American Trucking Associations shows trucking continues to be the dominant mode of freight transportation in the United States as even more goods were delivered by truck.
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Despite federal budget cutbacks and people getting hit with Social Security taxes returning to normal, consumers feel better about the American economy than they have in five years.
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