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Covenant Transportation Group reported a big gain in third quarter profit. Revenue slipped 2.3% but freight revenue moved higher.
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A report released Friday shows industrial production in the U.S. fell for the second consecutive month, the latest confirmation the economy lost some ground in the third quarter of the year.
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PHILADELPHIA – “Most motor carriers have had a pretty good year – not great – but pretty good for 2015,” said Bill Graves, president of the American Trucking Associations, in his annual report on the state of the industry.
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PHILADELPHIA — Freight volumes and GDP growth have not been as high as many hoped this year, but trucking companies should be ready for growth to return to higher levels, according to a presentation by two economists at the American Trucking Associations’ Management Conference & Exhibition.
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The amount of for-hire freight increased for the second consecutive month, hitting a new record high, due in large part to a jump in truck shipments, according to new U.S. Transportation Department figures.
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One day the Federal Reserve will raise interest rates – perhaps as early as this fall. But what will this mean for trucking?
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Overall inflation is posing no threat to the U.S. economy, with a new report showing retail prices fell in September, the biggest drop in eight months. However, a key measure inside this moved higher, leading to more guessing about whether the Fed will raise interest rates.
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Retail sales in the U.S. barely moved higher last month -- about half what many analysts were expecting. With wholesale prices falling the most in eight months. there's more speculation on what will happen with interest rates.
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Freight shipments and payments rose in September following two straight monthly declines, according to the latest Cass Freight Index.
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One economist is predicting continued slow growth for the economy, but believes our current economic models aren’t working when it comes to federal fiscal policy.
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