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TAG SEARCH RESULT: Economy

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July 11, 2017

Forecast Calls for Continued Low Oil, Fuel Prices

Lower than earlier forecast crude oil prices are expected to translate into continued low prices at the pumps for both diesel and gasoline, according to a new U.S. Energy Department report.

January 27, 2017

Trucking Activity Looks Strong to Start 2017

Truckable Economic Activity, the parts of Gross Domestic Product that spends time in trucks, looks to be getting off to a strong start in 2017.

January 3, 2017

Economic Watch: Manufacturing Best in 2 Years, Construction Highest in 10 Years

Manufacturing in the U.S. ended 2016 on a high note, hitting its best level since 2014, according to two new reports, while separate data reveals construction spending in the country hit its highest level in a little more than a decade.

December 14, 2016

Fed Hikes Interest Rates for Second Time in Decade

Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.

December 6, 2016

Diesel, Oil Prices Expected to Jump Around 17% Next Year

Final government forecasts for diesel, gasoline and oil prices before 2017 gets underway are in with two of the three calling for double-digit percentage hikes compared to this year.

September 19, 2016

Truckload Linehaul, Intermodal Rates Continue Tumbling

Measures of both truckload and intermodal rates posted another rounds of declines, according to new figures released by freight payment processor Cass Information Systems.

July 12, 2016

Diesel Prices Expected to Jump 15% Next Year

A new government forecast is calling for double-digit gains in diesel prices next year, although gasoline is expected increase by only half as much.

June 21, 2016

Earnings Watch: FedEx Narrows Loss, Werner Lowers Expectations

FedEx Corp. cut much, but not all, of its second quarter losses compared to a year earlier, while a preview of Werner Enterprises Inc. second quarter earnings sent heartburn throughout trucking and Wall Street amid concerns about second quarter trucking profits.

June 6, 2016

Daimler Trucks to Cut 1,240 Jobs

DTNA has announced a workforce reduction across its North American production facilities, laying off about 1,240 workers in response to sustained reductions in truck orders.

May 10, 2016

Feds Predict Higher Fuel Price Increases

Federal officials have raised their expectations for diesel and gasoline prices this year and are predicting even larger hikes coming for 2017, according to a new report from the U.S. Department of Energy.

April 12, 2016

Average Diesel, Gasoline Costs Expected to Remain Low

A new fuel price forecast from the U.S. Energy Department shows little change from expectations a month ago for the price of diesel, but the outlook for gasoline has moved a little higher.

March 22, 2016

Economic Watch: Manufacturing Subdued but Growing, Home Sales Fizzle

The first reading on the U.S. manufacturing sector for this month shows a slight uptick in activity, but growth remains weak as it has since the start of the year, and existing home sales slumped.

March 8, 2016

Government Revises Diesel, Gasoline Price Forecast Lower

Average prices for trucking’s main fuel along with those for gasoline and crude oil are all expected to remain low this year, according to the latest U.S. Energy Department Short-Term Energy Outlook, and aren’t expect to rise significantly next year.

December 9, 2015

Diesel, Gasoline Prices Forecast to Remain Low into Next Year

Expectations for diesel and gasoline prices for next year have been revised lower, according to the latest Short Term Energy Outlook issued this week by the U.S. Energy Department.

July 28, 2015

UPS Second Quarter Profit Skyrockets

Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.

November 3, 2014

Economic Watch: Manufacturing Expanding, Construction Down

Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, its highest level since March 2011, according to nation’s supply executives.

October 6, 2014

Economic Watch: Unemployment Falls; Manufacturing, Construction Slows

Both the trucking industry and the overall economy added jobs in September, pushing the unemployment rate down below 6% for the first time since July 2008 and hitting its lowest level in six years.

September 17, 2014

Economic Watch: Consumer Prices Fall, Homebuilders Most Optimistic Since 2005

The threat of inflation to the U.S. economy appears to be muted, with a report issued Wednesday showing consumer prices in August fell for the first time in 16 months.

August 22, 2014

Economic Watch: Construction Starts Index Hits Highest Level of the Year

New construction starts in July climbed 6% to a seasonally adjusted annual rate of $588.8 billion, according to industry date provider McGraw Hill Construction.

March 21, 2014

Economic Watch: New Construction Down Slightly

After the strong finish to last year, the construction start statistics have shown lackluster activity during the first two months of 2014, totaling an annual rate $486.7 billion last month.

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