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While the number of jobs added in the U.S. slowed dramatically during March, trucking supplied a big part of the gain, according to Labor Department figures released Friday, helping push the unemployment rate down to almost a 10-year low.
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Private sector employers in the U.S. added the most jobs during March in more than two years, according to figures released Wednesday, while a separate reported showed economic activity in the service sector has eased a bit.
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Despite a possible sign auto sales may have plateaued, several economic reports this week continue to look strong, including factory-made goods and the U.S. trade deficit.
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Two indicators show that while the manufacturing sector of the economy continued to grow in March, its rate of growth was slower than the month before. Meanwhile, a separate report showed construction spending rebounded to a level that’s the highest in more than a decade.
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There was a sense of optimism in the air at the Mid-America Trucking Show in Louisville, Kentucky, last week. As truck makers and suppliers made their presentations to the trucking press, many said thanks to solid economic indicators, truck orders are higher than they would have predicted just three to six months ago.
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Schneider National announced the launch of its initial public offering of 28,947,000 shares of Class B common stock at an anticipated price of $18-$20 per share valued at up to $580 million.
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Orders for long-lasting durable goods increased more than expected last month while a snapshot of manufacturing activity showed it slowed this month and there were mixed results for housing during February, according to four new economic reports.
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The year started out with trucking and the other four major transportation modes carrying more freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in January than compared to a year earlier, according to new Transportation Department figures.
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American Trucking Associations is launching an Economic Summit that will bring together chief economists from several trade associations for an outlook on each speaker's industry and how it could impact trucking.
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The Federal Reserve on Wednesday increased the nation’s benchmark interest rate for the third time since its first hike in nearly a decade in December 2015, amid evidence of a steady economy and indications of more interest rate increases later this year.
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