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J.B. Hunt Friday announced an increase in its second quarter 2015 net earnings to $103.4 million, or diluted earnings per share of 88 cents.
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Consumer prices increased in June from the month before, in positive territory for the first time this year, according to the U.S. Labor Department. A separate report shows consumers' feeling about the economy a just a little less hot than earlier.
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The amount of freight moved and how much shippers paid recovered somewhat in June in the U.S., but both are below levels from a year ago, according to the latest Cass Freight Index report.
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A measure of base linehaul truckload rates show increases last month while intermodal rates fell for the sixth straight month, according to reports released Wednesday.
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Wholesale prices advanced 0.4% in June, according to the U.S. Labor Department, more than many analysts were expecting.
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Economic Watch: Retail sales in the U.S. eased up in June, according to a new Commerce Department report, while previous month's figures were revised lower.
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FTR’s Trucking Conditions Index measure for May dropped to a three-year low of 4.91 due to softer capacity, pricing, and fuel prices. The index is expected to move into significantly more positive territory as the anticipated regulatory drag in 2016 and 2017 dramatically tightens capacity.
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A measure of for-hire freight movements in the U.S. increased in May following an April decline, according to a new U.S. Transportation Department report.
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Economic activity in the nation’s service sector inched higher in June after hitting a 13-month low in May, according to a survey of the nation’s supply executives. Another report shows non-manufacturing growth slowed last month.
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Economic Watch: The nation’s unemployment rate fell 0.2 of a percent point in June to 5.3%, its lowest rate since April 2008, while 7,400 jobs were added in the for-hire trucking sector.
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