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While many of latest numbers on the U.S. economy show it’s performing below where many would like it to be, there is increasing evidence the U.S. Federal Reserve is moving closer to raising short-term interest rates for the first time in years.
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More gloom than boom, but no doom sums up the economic outlook for 2016 presented by FTR economists in the latest State of Freight webinar hosted by the research and analysis firm.
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A report on Class 8 freight volumes issued by ACT Research dovetails with other analysis released this week that signals motor carriers are starting to feel the effect of a slowdown in both import/export activity and in domestic manufacturing levels.
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While a recent good unemployment report led some to speculate the Federal Reserve will raise interest rates at year-end, new numbers released Friday remind us there's more to the equation.
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Taken separately, new reports on freight movements in the U.S. on freight volume, shipper spending and even the spot market seem to run almost counter to one another. A deeper dive into the analysis shows why activity has slowed but is not widespread.
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One truck component supplier moved from a profit to a loss in the third quarter of the year while a natural gas engine provider took on more red ink.
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Despite month-to-month variations, third quarter intermodal freight traffic growth of 3.4% was in line with year-to-date results, according to new figures from the Intermodal Association of North America (IANA).
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XPO Logistics, which closed this week on its purchase of Con-Way Inc., reported more revenue but a bigger loss in its third-quarter earnings report, while the mainly truckload fleet USA Truck showed a smaller profit.
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As many as 76% of fleets expect their upcoming heavy-duty truck orders to match what was purchased in 2015, with a few fleets planning an increase.
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Economic activity in the nation’s manufacturing may finally be gaining some momentum after some declines, according to two new reports.
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