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Activity in the nation’s manufacturing sector continued to throttle back in April from a near two-year peak earlier in 2017, but it continues to expand. Separate reports show drops in consumer spending and construction, but analysts remain generally optimistic about the entire year.
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The U.S. economy grew at the weakest rate in three years during the first quarter of 2017, according to an advanced estimate by the Commerce Department, but economists remain optimistic about future performance.
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Trucking was not a part of the overall increase in the value of freight moved between the U.S. and its North American Free Trade Agreement partners during February, according to new Transportation Department figures.
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New orders for long-lasting durable goods increased less than expected during March, according to a new Commerce Department report, but business investment on equipment appears to be solid following the rut it was in for nearly a couple of years.
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There are good indications the U.S. economy will further strengthen following recent reports that conditions slowed a bit in the first quarter of the year and at the beginning of the second quarter.
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A measure of industrial production in the U.S. moved higher despite an easing in manufacturing, while the housing market also gave up some recent gains, according to reports issued Tuesday.
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The first quarter earnings reporting season for trucking kicked off on Monday morning when multi-modal freight transportation provider J.B. Hunt Transportation Services Inc. released numbers showing slight improvements from the same time a year ago.
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What does last month's interest rate hike by the Fed mean to trucking? Evan Lockridge explores the question in his monthly HDT Econ Watch column.
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Retail sales fell for the second straight month during March, according to the Commerce Department on Friday. Separate reports showed consumer prices declined – but there are expectations that retail imports will continue to grow as the overall economy expands.
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A measure of U.S. for-hire freight movements set another record high in February, according to new Transportation Department figures released Wednesday, following no change the month before.
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