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A more than two-year streak in U.S. auto sale gains came to an end in September, but don’t read too much into the decline, say analysts. Early estimates show new sales fell 4% in September compared to the same time a year ago, to a little more than 1.1 million vehicles.
Read More →With the government shutdown on one coast, the stranglehold of emissions regulations on the other, and a look at trucking efforts to thwart drug smugglers, trucking's been in the general media this past week. Read more in the "All That's Trucking" blog.
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Following a string of at least slightly encouraging economic reports, two new economic reports are disappointing. U.S. consumer confidence fell this month to a five-month low, while personal spending in August increased for the fourth consecutive month.
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Growth for the nation’s economy picked up dramatically in the second quarter of the year with the gross domestic product increasing at an annual rate of 2.5%.
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INDIANAPOLIS -- As we continue to see mixed signals from the short-term economy, many are suffering from "stable environment anxiety," said Eric Starks, president of FTR Transportation Intelligence, in a commercial vehicle market update during FTR's Transportation Conference this week in Indianapolis.
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Americans aren’t feeling quite as good about the state of the economy this month as they were in August, but they are still optimistic.
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There could be a lot more freight for trucking to move in the future from the nation’s manufacturing sector.
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ANAHEIM -- The trucking industry is looking at a severe capacity crunch in coming years with a variety of factors contributing to the situation, according to Bob Costello, chief economist of the American Trucking Associations.
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“I think it’s pretty astounding this economy continues to grow when you think about the shocks it’s taken," said Bob Costello, chief economist & vice president, American Trucking Associations, speaking at TMW Systems’ Transforum user conference in Anaheim, Calif., Tuesday.
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Residential construction starts in the United States during August rose on strength in the single-family home market, but underlying weakness in housing is still spilling into the overall economy.
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