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Orders for long-lasting manufactured durable goods surged in April, but the hike is a bit deceptive if you don’t dig below the surface of Commerce Department numbers.
Read More →The U.S. manufacturing sector crept closer to contracting in May, while new homes sales in April hit their highest level in more than eight years.
Read More →Retail prices in the U.S. posted their biggest gain in three years during April, while industrial production increased the most in more than a year, as e-commerce and housing starts remain healthy.
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The third party logistics and multi-modal transportation services company Radiant Logistics Inc. reported on Monday afternoon it swung from a profit to a loss in the first quarter of the year despite a 54.2% increase in net revenue.
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The amount of North America freight shipments and freight spending remain below levels from a year ago despite monthly gains, according to the latest Cass Freight Index report, and there is a concern conditions could get worse.
Read More →One of the biggest drivers of the American economy is showing renewed signs of life as consumers seem to be more upbeat following a sluggish first quarter. However, an economic drag on trucking remains stubbornly high as prices at the wholesale level turned slightly higher.
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The amount of freight moved by the nation’s entire for-hire transportation industry declined for the second straight month in March, hitting its lowest level since March 2014, according to U.S. Transportation Department figures released on Wednesday.
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For many trucking companies business has slowed, and recent numbers bear this out, both in first-quarter earnings reports as well as in broader statistics.
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Lower North American truck sales led to lower financials compared to a year ago for two Indiana-based companies.
Read More →Two new readings of the U.S. manufacturing sector for April show the second quarter began with a slowdown in production and new business growth, while a separate report indicates construction activity is booming.
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