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New orders for big-ticket durable goods fell in July by the most in nearly three years, while the market for existing home sales cooled following a drop in new home sales.
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The value of freight moved between the U.S. and its North American Free Trade Agreement partners Canada and Mexico increased in June for the eighth consecutive month, according to new Transportation Department figures, though the hike for trucking was less than most other modes.
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A first look at business conditions in the U.S. manufacturing sector for August showed it continued to improve, though at a slightly weaker pace, while a separate report shows the volatility of the new home market.
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FTR’s Trucking Conditions Index fell by more than two points in June as a result of increased costs for labor, fuel, and equipment, reflecting less favorable conditions for trucking.
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New economic reports this week paint a picture of a U.S. economy that continues to gain momentum following a slow start to the year, due in part to increased e-commerce – despite some bumps in the road for manufacturing and housing.
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One of the biggest drivers of the U.S. economy shifted into high gear in July, posting its biggest gain in seven months, according to a new Commerce Department report.
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Boosted by continuing retail sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released Friday by the trade group the National Retail Federation (NRF) and the consulting firm Hackett Associates.
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After hitting a new record high in May, a measure of the amount of freight moved by the nation’s for-hire transportation industry declined in June, according to new Transportation Department figures.
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Newly released U.S. Transportation Department figures show all but one of the major freight modes have grown since the end of the Great Recession, with trucking posting the second-highest increase.
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Employers in the U.S. continued adding a strong number of jobs in July, while separate reports show better exports and factory orders.
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