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Retail sales in the U.S. continue improving after slowing at the end of last year and the beginning of this year, but things could still be better.
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Large declines in trucking and pipeline, coupled with smaller declines in rail carloads and rail intermodal resulted in a decline in the total amount of U.S. for-hire freight movements in April from March.
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Import cargo volume at the nation’s major retail container ports has returned to normal levels following ratification of a new West Coast labor agreement, according to the monthly Global Port Tracker report.
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The current trucking employment level is close to its pre-recession peak, while nationwide employers added more jobs during May.
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Two days before a government report on unemployment is set to be released, a report from a payroll processor shows 201,000 non-farm, private jobs were added in the U.S. during May, the biggest gain since January.
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New orders for factory-made goods continue to disappoint, falling 0.4% in April from the month before and marking the eighth decline in the last nine months.
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Business conditions in the nation’s manufacturing sector turned around in May from the month before, while construction spending hit a six-year high. A weak spot? Consumer spending.
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A new government reports shows the American economy contracted in the first quarter of the year for the second straight time.
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Newly released figures show the value of freight moved between the U.S. and its North American Free Trade Agreement neighbors totaled $96.1 billion in March, a 5.3% decline from a year ago, but three out of five transportation modes carried more cross-border cargo.
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A measure of consumer confidence has increased following a sharp downturn, while new home sales rebounded strongly, according to reports released on Tuesday.
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