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A measure of the amount of freight carried by the nation’s for hire transportation industry increased 0.9% in July following a one-month decline.
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North American freight volumes bounced back in August from a normal July dip, but it did not lead to a similar increase in freight spending, according to the Cass Freight Index.
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Intermodal rail traffic levels remained strong in August, hitting new highs or coming close to it, according to the Association of American Railroads.
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New U.S. Labor Department figures released Friday show more jobs were added in August, but the increase failed to continue the pace of more than 200,000 jobs that had been added each of the previous six months.
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Private sector employment increased in August from July by 204,000 jobs, according to the August National Employment Report from ADP released on Thursday. This marks the fifth straight month of employment gains above the 200,000 mark.
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Shipments of U.S. manufactured goods increased again in July, while new orders for them skyrocketed, with both hitting record high levels going back to 1992.
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New estimates released by the U.S. Department of Transportation's Federal Highway Administration show that American driving between July 2013 and June 2014 is at levels not seen since 2008.
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U.S. Economic activity in the manufacturing sector expanded in August for the 15th consecutive month, hitting its highest level since March 2011, according to the nation's supply executives.
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Consumers unexpectedly backed off on personal spending in July by just a bit, while income moved slightly higher, according to a new U.S. Commerce Department report, raising concerns that wages are not keeping up with household needs.
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U.S.-NAFTA freight totaled $103 billion in June as all five major transportation modes carried more cargo by value than during June 2013, according to new U.S. Transportation Department figures.
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