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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.
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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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Industrial production rose again in April for the third consecutive month, according to Federal Reserve figures issued Wednesday, while separate reports show a decline in new home sales and a smaller gain in retail sales.
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One of the nation’s largest third-party logistics providers, C.H. Robinson grew its first quarter profit and revenue by double digits – and less-than-truckload carrier Saia reported growth by larger margins.
Read More →A newly released report showed consumer sentiment this month remained at the same level it was a month earlier but it’s still high, while separate reports indicated inflation remains rather tame.
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Mixed economic signs aside, trucking will remain strong for the remainder of the year, FTR economist Eric Starks told attendees at HDT's Heavy Duty Trucking Exchange event in Scottsdale, Arizona.
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The amount of freight carried by the nation’s for-hire transportation industry increased in March from the month before, according to new Transportation Department figures, rising for the second consecutive month to reach an all-time high.
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Expected prices for trucking’s primary fuel as well as for gasoline have been revised higher, due largely to anticipated higher prices for crude oil, according to a new Energy Department report.
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Unemployment in the U.S. hit a post Great Recession landmark, according to figures released Friday, while a separate report showed increased factory orders but declining capital investment for new factory equipment.
Read More →Barring the U.S economy suddenly slamming on the brakes — and you would be hard-pressed to find any economist or analyst worth their salt who would make such a prediction — interest rates are going to continue to move higher. Analysis by Business Contributing Editor Evan Lockridge.
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