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North American freight shipment volume and expenditures dropped for the second month in a row during August as the summer slowdown hit.
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A measure of the amount of freight moved by the nation’s for-hire transportation industry rose 0.6% in July from June, following a single month decline.
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August employment numbers show a 700-job gain for the trucking industry, while unemployment dropped to its lowest level since April 2008.
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The employment picture in the U.S. continues to improve but the manufacturing sector is fighting to show better signs of life.
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The value of freight moved between the U.S. and its North America Free Trade Agreement partners fell in June, according to a new Transportation Department report, totaling $99 billion, as all modes except truck carried less freight.
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The U.S. economy grew by leaps and bounds in the second quarter of the year compared to the first quarter, according to a new government estimate released Thursday, which should ease investors fears in the wake of a global stock market sell-off.
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In a wide-ranging discussion with trucking journalists at its headquarters Tuesday, Kenworth executives shared their insights on topics ranging from autonomous trucks to the safety of the industry.
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The underlying fundamentals of the U.S. economy are better than, or at least nowhere near as bad as, the panic that set into Wall Street starting late last week and extended into Monday, according to several newly released reports.
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Inflationary pressures on the U.S. economy remain low, as evidenced by a report released Wednesday by the Commerce Department showing an increase of just 0.1% in July from the month before.
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Truckload shipping rates continue to rise, while intermodal shipping continues to get cheaper, according to two of the latest monthly readings. A wider report on freight transportation showed a seasonal lull.
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