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Aside from the volatility in the stock market Thursday and Friday, last week yielded some positive signs that the economy is getting back on track, including an announcement by the Department of Labor that total employment grew by 290,000 in Apri
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The Federal Reserve said industrial production was up 0.1 percent in March, with the manufacturing sector alone jumping 0.9 percent in the one-month period
Read More →Wholesale merchant inventories were up 0.6 percent in February from January levels, a positive sign that trucks may have more to carry in the near future
Read More →Over the last week, the U.S. has been seeing some economic indicators that are cause for celebration, especially for the trucking industry
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
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The U.S. Department of Commerce has revised its estimate for real gross domestic product growth to 5.9 percent for the fourth quarter, a boost over an earlier estimate of 5.7 percent growth
Read More →Last week, changes in a few economic indicators, such as the gross domestic product and consumer confidence, point to better days ahead for the U.S. economy and for the trucking industry
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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
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It looks like the recession is over. Now the question on everyone's mind is the recovery. Even though the economy is heading in the right direction, expect a bumpy ride, said an economist speaking at Heavy Duty Aftermarket Week Tuesday. "The recovery is one of the most difficult phases of the business cycle," said Bob Dieli, President and founder of RDLB Inc., an economic research and management consulting fir
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The Great Recession has affected freight transportation in many ways but most of all it has provided a lesson in survival. "We did what most businesses did in order to survive - things that in our 25-year history we've never had to do," said Pat Quinn, co-chairman of U.S. Xpress. Such as: pay freezes, pay cuts from five to 20 percent and laying off non-driving personne
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