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From the economy to driver recruitment and retention, there will be several familiar faces in the trends to follow closely in the new year.
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After an up and down year of sales and a new one on the horizon, all of the major truck manufacturers are showcasing their visions for the future.
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Both retail sales and prices at the wholesale level rose the most in months during November, according to two separate economic reports released on Friday. These will join other numbers that will be considered in a few days when the Federal Reserve considers an interest rate hike.
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A measure of the amount of freight moved by for-hire transportation in the U.S. rebounded following a one-month decline, according to new U.S. Transportation Department figures.
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The U.S. economy continued adding jobs in November as trucking employment turned around from the month before, while a separate report on manufacturing was only somewhat positive for the industry.
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A closely watched gauge of activity within the nation’s manufacturing sector shows it not only declined for the fifth straight month, but also that activity contracted during November for the first time in three years, according to the nation’s supply executives.
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Third-quarter GDP numbers fuel talk that the Federal Reserve will raise interest rates next month for the first time in many years – despite a disappointing report on manufacturing.
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A measure of truckload rates moved higher in October from the same time last year, while intermodal rates continued moving lower, according to newly released figures.
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While many of latest numbers on the U.S. economy show it’s performing below where many would like it to be, there is increasing evidence the U.S. Federal Reserve is moving closer to raising short-term interest rates for the first time in years.
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More gloom than boom, but no doom sums up the economic outlook for 2016 presented by FTR economists in the latest State of Freight webinar hosted by the research and analysis firm.
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