Economy Watch

The global economy is the single biggest factor in driving international trade. More than at any time in history, the U.S. economic outlook and growth is linked directly to China’s economic performance and, especially in the current environment, the economy in Europe. Among the key economic indicators critical in determining the course of international trade are retail sales, housing reports, employment reports, consumer sentiment and manufacturing.

News & Analysis

Stacks of money
26 Jun 2014
A West Coast port strike by the International Longshore and Warehouse Union would have a multibillion-dollar impact on a still-shaky U.S. economy, according to a study commissioned by retailers and manufacturers.
JOC For-Hire Trucking Employment Index. Source: Journal of Commerce
10 Feb 2014
The JOC For-Hire Trucking Employment Index climbed to 96.1 in January from a revised reading of 95.9 in December and November, as trucking companies surveyed by the Bureau of Labor Statistics hired about 3,200 workers.
07 Feb 2014
Shippers must work with their partners to fix supply chain faults revealed by winter storms, or face more near-term rate hikes and equipment shortages, a logistics executive warns.
ODFL truck
07 Feb 2014
With a 22 percent leap in profit in 2013, Old Dominion Freight Line will continue its long-term expansion, building out its network to handle increased volumes of freight in 2014.
06 Feb 2014
The frigid winds of January, which brought snow, ice and unusually cold temperatures to a large swathe of the United States, could have a longer lasting chilling effect on the economy and overshadow the first quarter.
Bob Costello, chief economist for the American Trucking Associations
05 Feb 2014
Truck shipments, which have grown much more slowly than tonnage in recent years, should pick up in 2014, rising 2.3 and 2.7 percent, according to ATA's chief economist.
Person with snow shovel
04 Feb 2014
Widespread severe winter storms and colder than typical weather are slowing deliveries and cutting into manufacturing activity — but a thaw is coming, eventually.
03 Feb 2014
South Korea’s economy is expected for perform better this year as export demand picks up.
Containers in a terminal
03 Feb 2014
Improved economic stability in key markets appears certain to benefit major exporting economies in Asia, as well as ocean carriers, rail operators and airlines that ship their goods.
29 Jan 2014
Japanese export volumes could finally surge this year after a disappointing 2013 as manufacturers start to reflect the de
24 Jan 2014
Last year may not have been a boom year for the U.S. economy in general, but in terms of truck tonnage, 2013 was anything but a bust.

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Commentary

Accelerating freight growth is raising questions about capacity at North American ports, the truckload market and other troublesome bottlenecks.