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While there are a few bright spots, the industry must undergo more pain before it climbs out of the current recession. That was the consensus among speakers at Newport’s Economic Summit III in Las Vegas yesterday.
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The fourth half-percent interest rate cut this year came today in a surprise action by the Federal Reserve Board. Usually the Board acts only during the every six-to-seven-week Open Market Committee meetings. Today's cut promises to speed up consumer and business purchases -- and then production and freight
Read More →The American Trucking Associations' advance seasonally adjusted For-Hire Truck Tonnage Index jumped 3.2 percent in May, the first increase since February
Read More →New Census Bureau figures showing Americans moved last year at the lowest rate in 40 years. That's consistent with industry data compiled by the American Moving & Storage Association, which also finds the trend continuing into 2009
Read More →It's been a steep downhill slide, the worst in decades, and recovery will be slow, but there are indications that we are approaching the bottom, says Bob Costello, chief economist for the American Trucking Associations. "We are just starting to see signs of economic life," Costello said Thursday by way of introduction to a Web-based overview of the outlook for the economy and trucking in particular
Read More →The Freight Transportation Services Index fell 2.3 percent in December from its November level, falling for the second consecutive month, the U.S. Department of Transportation's Bureau of Transportation Statistics reported
Read More →Highway tractors continue to depreciate at a heavy rate, according to a report by the American Truck Dealers Official Commercial Truck Guide
Read More →The worst is behind us, but economic recovery will likely be slower than we would like, according to two economic analysts speaking at last week's Heavy Duty Dialogue, a one-day business conference for heavy-duty suppliers
Read More →According to the current Driver Labor Market Indicators Report published monthly by FTR Associates, the number of people available to be hired into the trucking industry fell slightly in June
Read More →Truckload freight availability on TransCore's DAT Network of load boards increased by 12 percent nationwide in the week ending March 5, showing the strongest load volume for a single week since TransCore began reporting weekly levels in January 2008
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