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The U.S. unemployment rate in May hit its lowest level since 2000, while other reports showed increased movement in the nation’s manufacturing sector and spending on construction hit a record high.
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With tax reform enacted, so far GDP has only grown at 2.3% annual rate in the first quarter of 2018, slightly down from the end of 2017. We were hoping for a boost in growth, but so far that hasn't happened. Analysis by Business Contributing Editor Evan Lockridge.
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National average spot market truckload rates moved slightly higher on the DAT Solutions network of load boards last week as both the number of posted loads and trucks also rose, amid signs of tighter capacity.
Read More →The widest measure of U.S. economic growth was revised lower on Wednesday, according to newly released figures, while separate reports showed consumer feelings remain good and employers continue adding jobs.
Read More →Orders for long-lasting durable goods fell in April, but a closely watched proxy of business investment moved higher. And although sales of existing homes declined, consumer sentiment remains strong.
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While the number of spot market loads on the DAT network of load boards fell last week along with truck posts, rates changed little.
Read More →A first look at the nation’s manufacturing for this month shows business conditions improved just a little from the previous month, remaining strong, while a separate report showed that although new homes sales fell last month, they posted a double-digit gain compared to a year ago.
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The April Truck Tonnage Index rebounded from a dip in March, indicating a robust freight environment, according to the American Trucking Associations.
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The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting a record 8.2% year-over-year increase, with the measure hitting a reading of 134.8.
Read More →A measure of where the economy is headed turned positive for the sixth consecutive month, according to a new report, as a separate one showed another big gain in e-commerce retail sales.
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