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The value of freight moved between the U.S and its North American Free Trade Agreement partners Canada and Mexico moved higher in April for the sixth straight month, but trucking's share fell, according to new U.S. Transportation Department figures.
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FTR’s Trucking Conditions Index showed improving freight demand while ACT Research's For-Hire Trucking Index indicated that fleets were looking to buy new equipment.
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Political uncertainty could be partially to blame for some less-than-stellar economic reports, with show housing starts dropping, consumer confidence slipping, and industrial production stalled.
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Despite retail sales falling by the biggest amount in 16 months and a dip in consumer prices, the Federal Reserve raised interest rates on Wednesday for the third consecutive quarter as the central bank signaled its confidence in the U.S. economy.
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A measure of total for-hire freight movements in the U.S. fell for the second straight month in April, according to a report issued Wednesday by Transportation Department.
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Broughton Capital, an independent financial research firm, has unveiled a set of tools for truckload industry market watchers called DAT Freight Barometers.
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U.S. job growth continued in May with unemployment hitting its lowest level in 16 years, likely paving the way for the Federal Reserve to hike interest rates again in a couple of weeks.
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Results from two surveys of the nation’s purchasing executives indicate manufacturing activity in the U.S. during May was nearly unchanged from the month before. Meanwhile, separate reports show construction spending eased, but consumer spending increased, resulting in hopes that the current quarter will be stronger for the overall economy than the previous one.
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Growth in the U.S. economy during the first quarter didn’t slow as much as first estimated, according to government numbers released Friday, while separate reports showed weaker factory activity but continued high consumer sentiment.
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Sales of both existing and new homes fell in April, according to two separate reports, as the nation’s home supply continues tightening.
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