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As the Big Three automakers continue to lobby Washington, D.C., for a government bailout, automotive and heavy-duty parts and components suppliers reminded the government that they need economic relief, too
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The amount of freight carried by the for-hire transportation industry rose 0.4% in August from July, reaching the highest level since July 2008, according to the U.S. Department of Transportation's Bureau of Transportation Statistics' Freight Transportation Services Index, released late last week
Read More →Economic indicators coming out of the U.S. Census Bureau Friday were mixed, as the government announced that retail and food services sales were down 1.2 percent in May, while business inventories gained 0.4 percent in April
Read More →While total net payrolls were down by 36,000 in February, compared to a 26,000 drop in January, the rate was not as bad as analysts had expecte
Read More →ACT Research Co. remains bullish on Class 8 in the medium to longer term, according to the February issue of the ACT North American Commercial Vehicle Outlook, published by ACT Research
Read More →Continued high unemployment and three quarters of less-than-3-percent GDP do not mean we are headed into a double-dip recession. In fact, things are looking very good for trucking in this recovery, said trucking economist Noel Perry, speaking at the McLeod Software User Conference in Birmingham, Ala., Monday. However, he said, carriers need to learn how to deal with a more volatile business environment
Read More →FTR Associates has lowered its Shippers Condition Index to reflect tightening carrier capacity, particularly in the truckload sector
Read More →Carriers are still reluctant to add capacity, according to results from Transport Capital Partners' Second Quarter 2012 Business Expectations Survey. Seventy-one percent of carriers expect to add little or no capacity, a slight increase from last quarter's 65%
Read More →Economic growth in the United States slowed dramatically during the fourth quarter of 2002, but it did manage to outperform levels from the year before
Read More →Economist Noel Perry is optimistic about the near-term economic outlook. The current pause in activity falls within normal margins for a recovery and probably is not a sign of a double-dip recession, he said last week. But underlying problems in the housing market and the difficulty of resolving the U.S. debt crisis are causes for concern several years out, Perry said in a webinar hosted by FTR Associates, a leading transportation analysis group
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