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The U.S. manufacturing sector had a solid start to 2017, with overall operating conditions improving at the quickest pace for nearly two years, according to a preliminary report from IHS Markit.
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The outlook for the U.S. economy is expansion at a pace around trend through 2019, according to Bill Strauss, senior economist and economic advisor, Federal Reserve Bank of Chicago, speaking at Heavy Duty Aftermarket Dialogue.
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Three measures of freight activity and spending were mixed, according to new figures, but the outlook for their performances has improved, according to Cass Information Systems.
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Newly released figures show the value of cross-border freight moved between the U.S. and its neighbors directly to the north and south increased in November for the only the second time in nearly two years, but trucking had the smallest gain.
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J.B. Hunt Thursday reported higher profits for the final quarter of 2016 and for all of last year, driven by growth in its brokerage and dedicated segments.
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Retail sales in the U.S. finished 2016 on a somewhat positive note, posting the fourth straight monthly gain, according to a new Commerce Department numbers released Friday. Separate reports show improvements in other key indicators important to trucking.
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The amount of freight moved by the nation’s for-hire transportation sector rose 0.5% in November from the month before, according to new Transportation Department figures.
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The for-hire trucking industry was partly to thank for the 156,000 non-farm jobs additions in the U.S. during December, according to new Labor Department figures. A separate report shows manufacturing remains healthy despite small declines in new orders.
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Trucking and two other freight transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in October 2016 compared to the same time a year earlier, according to a new Transportation Department report.
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Manufacturing in the U.S. ended 2016 on a high note, hitting its best level since 2014, according to two new reports, while separate data reveals construction spending in the country hit its highest level in a little more than a decade.
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