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Economic activity in the nation’s service sector inched higher in June after hitting a 13-month low in May, according to a survey of the nation’s supply executives. Another report shows non-manufacturing growth slowed last month.
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Economic Watch: The nation’s unemployment rate fell 0.2 of a percent point in June to 5.3%, its lowest rate since April 2008, while 7,400 jobs were added in the for-hire trucking sector.
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Private sector employment in June saw its biggest month-over-month improvement since December, the third month-over-month jump in a row.
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American consumers are feeling better about the economy with one measure hitting its highest level since January.
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Economic Watch: American consumers opened their wallets a whole lot more in May, with consumer spending increasing the most in nearly six years.
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The value of U.S.-NAFTA freight totaled $93.3 billion in April, according to new U.S. Transportation Department figures, down 6.8% from the same time a year earlier.
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The U.S. economy contracted less in the first quarter of the year than previously estimated, according to a Commerce Department report released Wednesday.
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A first look at May orders and shipments of manufactured durable goods, a key indicator for trucking freight.
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Newly released figures show the Cass Truckload Linehaul Index once again remained higher in May than in each of the past three years, coming in 3.5% higher than May 2014 and 9.5% higher than two years ago.
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Fueled partly by an increase in sales to first-time buyers, existing-home sales in May rose to their highest pace in nearly six years.
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