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The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased by 3.7% overall in 2017 compared to the year before, marking its largest annual gain since 2013.
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A measure of truckload linehaul rates has hit a new record high while a separate gauge of intermodal shipping rates showed it posted its 15th straight increase.
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Consumers are feeling less upbeat, due to uncertainty about economic conditions following the tax overhaul recently signed into law, according to a new report. Meanwhile the level of new home construction last year was the best in a decade despite a December decline.
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A surge in industrial production for December exceeded expectations, but the strength was largely a function of a weather-related utilities spike. A separate report showed a lot of optimism remains when it comes to the market for newly built homes.
Read More →Retail sales ended 2017 on a high note, while price inflation at both the retail and wholesale levels are of so little threat to the economy, some analysts are wondering if they will keep a lid on planned interest rate hikes.
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The rising economy has whipped up the driver shortage and turnover situation to a froth that can only be smoothed by paying long-haul drivers considerably more — and more smartly.
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FreightWaves is launching its inaugural Transparency18 conference, focusing on freight technology and the economy. The conference is set to take place from May 22-23 in Atlanta, Ga.
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The amount of freight moved by the U.S. for-hire transportation industry hit a second consecutive all-time high in November, according to new Transportation Department figures.
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The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.
Read More →Imports at the nation’s major retail container ports grew 7% during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to new Global Port Tracker figures released by the National Retail Federation, a retail trade association, and Hackett Associates, an international maritime consulting, research and advisory firm.
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