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Retail sales and consumer confidence have taken a downturn, but the reasons for it aren’t clear, while producer prices fell and business inventories have barely moved higher.
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Job growth in the United State stumbled in March, according to a report released Friday morning. Employers added a total of only 88,000 jobs, according to the U.S. Labor Department, about half the number many analysts were expecting.
Read More →A new full report from the U.S. Commerce Department shows factory goods shipments and orders are continuing a nearly non-interrupted streak of increases, which combined with other evidence bodes well for the near future of trucking.
Read More →Shipments and orders of manufactured durable goods, increased in February according to numbers released today from the U.S. Commerce Department, while home sales slid and consumer confidence fell in March.
Read More →FTR Associates’ Shippers Conditions Index for January slipped an additional two points since the previous report, falling to a negative 7.1, reflecting deteriorating conditions for shippers in the early months of 2013. Translated, it means that motor carriers and other transportation providers have more clout to obtain rate increases.
Read More →The American Trucking Associations' Truck Tonnage Index rose 0.6% in February, marking the fourth straigth month of increases -- which hasn't happened since late 2011.
Read More →U.S. retail sales rose in February by the greatest level since September. The U.S. Commerce Department on Wednesday reported a 1.1% increase from the month before with the January figure being upwardly revised to a 0.2% gain. February activity was 4.6% higher than the same time a year ago.
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The driver shortage is already intensifying, with the number of both new and experienced driver applicants down over the last couple of months, as economic signs lead to improved optimism about increases in freight and rates this year, according to a panel discussion of three major truckload executives Tuesday at the Truckload Carriers Conference annual convention in Las Vegas.
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A new government report on U.S. manufactured shipments and orders for February is the latest in a recent string of economic numbers that sound worse than they really are.
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Many economists have called the slow 1.5% to 2% GDP growth "the new normal." But Steve Forbes, chairman and editor in chief of Forbes Media, calls it "the new abnormal" and believes a few significant policy changes would turn things around.
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