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While Congress is out on vacation, one lobby group is reminding lawmakers while they are out talking with voters back home that a large majority of Americans favor requiring truck manufacturers to increase the fuel economy of large trucks, at least according to its poll.
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International containers increased 9.6%, trailers improved by 4.3%, and domestic containers grew 7.6% quarter-over-quarter, all indications that the intermodal industry is recovering from a harsh winter and a contracted economy.
Read More →The U.S. economy surged in the second quarter of the year, bouncing back from its worst performance in five years, according to new U.S. Commerce Department figures.
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Freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will jump 72%, according to the American Trucking Associations' U.S. Freight Transportation Forecast to 2025, a look at the future of freight. It predicts continued growth for both the trucking industry and freight economy overall.
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Housing starts in the U.S. fell 9.3% in June, the second consecutive monthly decline, according to the U.S. Commerce Department, pushing the annual rate down to 893,000, the weakest showing since last September.
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Employers added 288,000 jobs in June, 17,000 of them in the transportation and warehousing arena, and the unemployment rate fell to 6.1%. That's well above the rate of hiring in the first five months of the year, a sign the economy continues to rebound.
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Economic activity in the manufacturing sector expanded in June for the 13th consecutive month, and the overall economy grew for the 61st consecutive month, according to the Institute for Supply Management.
Read More →As negotiations continue for a new contract agreement covering 13,600 dockworkers at 30 ports stretching from San Diego, Calif., to Bellingham, Wash., a new shows the U.S. economy could lose as much as $2.5 billion a day if a prolonged West Coast port shutdown occurs.
Read More →UPDATED -- The U.S. economy shrank at its steepest rate in the first quarter of the year since first quarter of 2009, amid the Great Recession, according to a new estimate from the Commerce Department.
Read More →The new powertrain gets up to 5% better fuel economy than older tractors with manual transmissions, the company says.
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