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Trucking and four other transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in March 2016 compared to a year earlier, according to a new Transportation Department report.
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Despite the nation’s gross domestic product in the first quarter of the year moving higher than first thought, growth remains at its lowest level since the first quarter of 2015, according to a Commerce Department report released Friday. Yet a separate survey shows this has yet to damper consumers’ feelings.
Read More →Orders for long-lasting manufactured durable goods surged in April, but the hike is a bit deceptive if you don’t dig below the surface of Commerce Department numbers.
Read More →The U.S. manufacturing sector crept closer to contracting in May, while new homes sales in April hit their highest level in more than eight years.
Read More →Retail prices in the U.S. posted their biggest gain in three years during April, while industrial production increased the most in more than a year, as e-commerce and housing starts remain healthy.
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The third party logistics and multi-modal transportation services company Radiant Logistics Inc. reported on Monday afternoon it swung from a profit to a loss in the first quarter of the year despite a 54.2% increase in net revenue.
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The amount of North America freight shipments and freight spending remain below levels from a year ago despite monthly gains, according to the latest Cass Freight Index report, and there is a concern conditions could get worse.
Read More →One of the biggest drivers of the American economy is showing renewed signs of life as consumers seem to be more upbeat following a sluggish first quarter. However, an economic drag on trucking remains stubbornly high as prices at the wholesale level turned slightly higher.
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The amount of freight moved by the nation’s entire for-hire transportation industry declined for the second straight month in March, hitting its lowest level since March 2014, according to U.S. Transportation Department figures released on Wednesday.
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For many trucking companies business has slowed, and recent numbers bear this out, both in first-quarter earnings reports as well as in broader statistics.
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