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To sum up the general economic outlook for the upcoming months in one sentence: More of the same for 2013 and then better in 2014. That is how FTR Associates Senior Consultant Bill Witte predicted the overall economy will be in the near future at the recent State of Freight Summit held by FTR.
Read More →The overall April increase was less than a consensus forecast of economist polled by Reuters, increasing concerns that these and other economic indicators show the economy is not as robust in the second quarter of the year as it was during the first quarter.
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If traffic congestion is a good indicator of the health of the economy, then some economists’ recent concerns about hitting a so-called “soft patch” during the current quarter may be unfounded.
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Consumers pulled back on their spending in April -- dropping 0.2% from a downwardly revised 0.1% increase in March -- but still have good confidence in the American economy, according to separate reports.
Read More →The U.S. Commerce Department reports the gross domestic product expanded at an annual rate of 2.4%, down from 2.5% reported last month. The rate is still much higher than the 0.4% rate reported in the final quarter of last year.
Read More →TravelCenters of America is offering low-viscosity, 10W-30 synthetic blend diesel engine oil, which can deliver fuel economy and other benefits, at all participating 24/7/365 TA Truck Service and Petro:Lube truck service facilities.
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Despite federal budget cutbacks and people getting hit with Social Security taxes returning to normal, consumers feel better about the American economy than they have in five years.
Read More →A first look one economic indicator shows improvement in one area of durable goods while conditions lag in another – but some analysts say this part of U.S. economy continues to improve.
Read More →The company said it is offering a complete range of clean diesel and natural gas engines. For all of its existing base engines, the company said it improved fuel economy by up to 2 percent for 2013.
Read More →The Equipment Leasing & Finance Foundation released the April 2013 Monthly Confidence Index for the Equipment Finance Industry, and overall, confidence in the equipment finance market is 54.0. This is an easing from the March index of 58.0, reflecting industry participants’ continuing concerns over the economy and the impact of federal policies on capital expenditures.
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