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In another sign the U.S. economy is gathering more steam, two reports released Thursday morning showed a strong rebound in the nation’s manufacturing sector while another indicated construction remains strong following earlier positive indicators.
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The value of freight movements between the U.S. and its two next door neighbors moved back into negative territory following the first year-over-year increase since late 2014.
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Overall U.S. economic growth increased more in the third quarter of the year than first projected, according to a new Commerce Department report, and will likely pave the way for an interest rate hike in December.
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Two measures of freight shipping posted their first year-over-year improvements in more than 12 months, indicating there has been more than the usual fall surge in shipment volume.
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New government numbers show housing starts in the U.S. surged in October, as a measure of consumer prices also rose, likely paving the way for the Fed to raise interest rates before the year is out.
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Third-quarter financial reports from fleets and equipment makers continue to reflect a tepid freight environment.
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While the amount of U.S. industrial production was unchanged in October after falling 0.2% in September, manufacturing managed to squeeze out a gain, as optimism in the housing market continued amid signs of slower than usual growth.
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Retail sales in the U.S. jumped in October, according to Commerce Department figures released Tuesday, surpassing analysts’ expectations.
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Economic growth has suddenly returned in the 3rd quarter but in his latest column Evan Lockridge asks, will it continue?
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A new U.S. Transportation Department report shows the total amount of for-hire freight moved in the country fell 0.6% in September from the month before, the second consecutive monthly drop.
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