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The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.
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Manufacturing increased 0.8% compared to the month before, nearly erasing a 0.9% decline in January, which the Fed attributed to extreme weather.
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Prices at the wholesale level fell in February, according to a U.S. Labor Department report released Friday, leaving little worry that inflation is a problem.
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The 0.3% increase follows a downwardly revised 0.6% decline in January while the December drop was revised down to 0.3%.
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Truckload linehaul rates continue to rise, according to the Cass Truckload Linehaul Index. With demand increasing and capacity decreasing, along with the last two quarters showing an unusually high number of carriers exiting the business, capacity is tight,
Read More →Employers added 175,000 jobs in February, better than the previous two months, according to new U.S. Labor Department figures.
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Despite continued weather problems, North American shipment volume and freight spending both soared in February 2014.
Read More →New orders fell 0.7% from the month before, following a December drop of 2%, larger than first reported. Excluding transportation, new orders in January increased 0.2%.
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UPDATED -- Private sector employment increased by 139,000 jobs from January to February, according to the National Employment Report released Wednesday by the payroll management services provider ADP.
Read More →UPDATED -- Consumers opened their wallets a little more in January than they did in December, according to new figures from the U.S. Commerce Department.
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