High inventories impede GDP growth and depress freight demand, and often are seen as an omen of economic downturn and recession. Inventory-to-sales ratios “are approaching pre-recession levels, with retail, manufacturing and wholesale all trending in the wrong direction,” Deutsche Bank Markets Research said in a late-January report.
US Economy News
News & Analysis
19 Apr 2016
Freight volumes sputtered in March, climbing 1.4 percent from February and dropping 1.5 percent year-over-year, while shipper spending on transportation dropped 1 percent from February and was down 7 percent from March 2015, according to the Cass Freight Index.
18 Apr 2016
U.S. retail sales may have dropped in March, but demand for toys, especially those related to Disney’s hit movie Frozen, created a surge in containerized toy imports and boosted sales for Hasbro.
08 Apr 2016
Import cargo volume at the largest U.S. container gateways has begun its seasonal rise, but is expected to be largely flat compared with last year’s record high numbers, the National Retail Federation and Hackett Associates said in their monthly Port Tracker report.
06 Apr 2016
Canada’s Dicom Transportation Group is driving deeper into U.S. markets as it pursues cross-border and last-mile freight and packages.
06 Apr 2016
The value of California’s exports declined in most categories in February according to the Beacon Economics monthly report, although Beacon’s projection for the rest of the year is “tepidly optimistic.”
04 Apr 2016
The U.S. economy gained jobs in March, but not the trucking industry. The number of employees on for-hire trucking payrolls dropped for the second straight month in March, send a warning to carriers about wages and shippers about capacity.
22 Mar 2016
U.S. truck tonnage leaped 7.2 percent in February, after declining a revised 0.3 percent in January, the American Trucking Associations said March 22. Will March gains be as strong?
18 Mar 2016
With U.S. truckload capacity at its highest level since the recession, and freight demand slow to rise, truck shippers increasingly are resisting rate increases, the latest indices from Cass and Avondale Partners indicate.
10 Mar 2016
Loaded truck miles were up 3 percent in February at Swift Transportation, the latest trucking company to report stronger U.S. freight demand. The carrier said customer inventories are dropping, and the U.S. Census bureau also reports some inventory reduction.
09 Mar 2016
The first shoots of spring U.S. freight demand appeared in February, with Saia and Old Dominion Freight Line reporting increases in shipments that could signal stronger or at least more stable manufacturing and freight shipping activity.