With an increasing number of workers finding and keeping jobs, the positive momentum for freight transportation will likely carry forward.
US Economy News
US Economy News
News & Analysis
21 May 2015
Contract truckload rates are defying economic gravity, rising in April when truck tonnage and spot market rates slipped. The cause: capacity. Shippers apparently are willing to pay more to secure it for the long-term.
20 May 2015
Spot market truck freight volumes in the U.S. dropped 10 percent in April from March, but remained above April 2013 levels, according to DAT Solutions. The sagging spot market is another indication that the U.S. economy has yet to find the lever to pull to restore the stronger growth it enjoyed in 2014.
19 May 2015
Truck tonnage slipped 3 percent in April from March and rose only 1 percent from a year ago, but remains well above 2013 levels, according to the American Trucking Associations. That signals trucking may be driving across a new economic plateau.
18 May 2015
The number of tractor-trailers crossing U.S. borders rose 2.4 percent in the first quarter, following a 4 percent increase last year, according to Department of Transportation data. Border crossings between the U.S. and Mexico outpaced U.S.-Canadian truck traffic.
15 May 2015
Everybody's working for the weekend, the song goes, but cargo thieves work on the weekend, with most thefts occurring Friday and Saturday. Memorial Day weekend could see a spike in activity, after an increase in thefts in the first quarter.
13 May 2015
ACT Research expects the number of active Class 8 tractors in the U.S. to climb from 1.35 million last year to 1.43 million this year, but faster economic growth and a driver shortage could blunt any advantage for shippers.
12 May 2015
U.S. shipment volumes and spending rose in April from March, but were down year-over-year, thanks to tough comparisons with a booming economy in 2014, Cass Information Systems said. The freight payment provider expects more growth ahead.
11 May 2015
U.S. trucking companies added 1,900 jobs in April, reversing a sharp decline in March and boosting the JOC For-Hire Trucking Employment Index to 99.5 -- near its pre-recession peak.
01 May 2015
Old Dominion Freight Line didn't brake for the general slowdown apparent in first-quarter U.S. GDP. The less-than-truckload carrier reinvested earnings in expansion.
29 Apr 2015
The softening U.S. truckload spot market and more balanced capacity point to shippers seeking to secure more trucks from asset-based contractual partners.