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When you look back just four years ago to 2014, a lot of heavy-trucks were sold. Freight demand had suddenly increased, and everyone was trying to move more cargo. But when 2015 rolled around, things weren’t as rosy.
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Manufacturing in the U.S. continued its hot streak in February, but there are questions following other data released earlier about the sector. Personal incomes and expenditures were up, and construction spending remained robust despite little change from the month before.
Read More →The U.S. economy didn’t expand as much as originally estimated in the final quarter of 2017, but it still turned in a solid performance, according to a new Commerce Department report, while a separate report on consumer confidence showed it was at its highest level in more than a decade.
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The trucking industry is seeing the best economic climate since deregulation, according to Bob Costello, chief economist and senior vice president of the American Trucking Associations.
Read More →Following strong growth last year, business spending on equipment has fallen for the second straight month, according to a new report, while a separate one shows new home sales in the U.S. have slipped again.
Read More →A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a decline for the second straight month amid higher prices and a supply shortage.
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The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2% in January, reflecting strong economic conditions in a traditionally soft month.
Read More →Several recent economic indicators, with the exception of a measure of the total output from the nation’s factories, mines and utilities production, have all moved higher. That indicates economic activity in the first month to month and a half of 2017 is still very much alive, despite recent concerns about the future following stock market gyrations.
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A gauge of the level of freight moved by the nation’s for-hire transportation industry capped off 2017 by posting another new all-time monthly high, according to the Transportation Department.
Read More →Prices at the retail level jumped more than expected during January, raising concerns about rising inflation as well as interest rates, while a separate reported showed one of the biggest drivers of the U.S. economy declined by the most in nearly a year.
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