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One of the biggest drivers of the American economy unexpectedly improved again in October, increasing hopes for a strong overall fourth quarter economic performance. A separate report showed just a minimal rise in inflation, but it’s likely strong enough to led the Federal Reserve to push interest rates higher next month.
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The biggest shopping weekend of the year is right around the corner, and two out of every three Americans are planning to shop or considering shopping during Thanksgiving weekend, according to a new report. And that means a lot of freight moving by trucks.
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After exceeding expectations in 2017, the global economy is projected to continue its current momentum to generate a 3% growth rate through 2018, according to The Conference Board’s latest Global Economic Outlook.
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A measure of the amount of freight moved by the nation’s for-hire transportation industry reached another all-time monthly high in September, according to newly released figures, rising 0.2% above the previous highest level hit a month earlier.
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FTR Transportation Intelligence has announced the conclusion of its business relationships with Noël Perry, principle of Transportation Economics, and Lawrence Gross, president of Gross Transportation Consulting.
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Employers added another 261,000 non-farm jobs to the nation’s payrolls in October, but none were from trucking, according to a Labor Department report. A separate report showed another good month for the nation’s factories.
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The nation’s manufacturing sector continued growing over an array of industries last month, though there is a bit of disagreement as to how fast it is expanding, following the release of two reports.
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Separate measures of truckload linehaul and intermodal rates moved higher in September, according to newly released reports, as the U.S. battered hurricanes and higher fuel prices.
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ORLANDO – Three of North America’s largest trucking associations – American Trucking Associations, the Canadian Trucking Alliance, and Mexico’s CANACAR – have come to the defense of the North American Free Trade Agreement, which they see as a business driver.
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The value of freight moved between the U.S. and its North American Free Trade Agreement Partners totaled $97.4 billion during August as all five major transportation modes carried more cargo by value, according to the U.S. Transportation Department.
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