Economy

Reports confirm strong freight demand

Three positive reports came in today about the state of trucking (or the economy) at the end of last year. These agree with recent earnings statements from publicly traded truckload carriers, most of which made strong profits in the fourth quarter.

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Housing still lags rest of the economy

The Census Bureau reported this week that new housing starts declined in December by 4.3 percent, notes the weekly economic recap from the American Trucking Associations. 2010 was the second worst year on record for housing starts, bested only by 2009, when the credit and housing collapse was at its worst.

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Trucking resumes growth as 2010 fades

Freight improved in November and then surged in December – enough to offset the decline in August through October.

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Electronics makers cranking out freight

ISM says production of computers and other electronics led the way for manufacturing, which continued its rebound in November.

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Freight 6.1 percent ahead of 2009

Year-to-date through October, seasonally adjusted tonnage is up 6.1 percent compared with the same period in 2009.

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Factory growth picks up from September

Cars, computers and exports are leading some of the most recent manufacturing growth, according to the latest report from the Institute for Supply Management. Only two areas (Nonmetallic Mineral Products; Furniture & Related Products) shrunk during October, says ISM, while 14 showed expansion. October was the 15th consecutive month for manufacturing to expand, and the overall economy grew for the 18th consecutive month, ISM reports. And last month’s growth measured 56.9 percent on ISM’s scale, up 2.5 ...

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N.Y. reps push to reopen cross-border trucking

Nine New York congressional representatives have asked President Obama to resolve the trade dispute with Mexico after it imposed new tariffs on apple exports to Mexico. Democrat Reps. Michael Arcuri, Scott Murphy, Maurice Hinchey, Bill Owens, Dan Maffei, Paul Tonko, John Hall and Louise Slaughter, along with Republican Rep. Chris Lee made the request after apples were added to a list of retaliatory tariffs, according to the New York Apple Association Mexico recently added tariffs of 20 percent ...

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So you want a good deal on a low-mileage truck…

Sales of trucks, like everything else, slumped badly during the recession. Now there’s a shortage of used trucks in the sweet spot of four to five model years old, and it’s not going away anytime soon.

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Learning from a crash course

Such opportunities will increase as the economy struggles to get on its feet, and trucking already is ahead of the curve. It’s easy in the flush of good times to forget lessons so clearly illustrated during hardship. It’s best not to.

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Rebounding factories slow a bit in September

The recovery is still on, but it’s getting winded. That’s the conclusion of the Institute for Supply Management, which released its monthly manufacturing report today. While ISM’s Purchasing Managers Index “reading of 54.4 percent is still quite positive, the overall picture is less encouraging,” says ISM’s Norbert Ore. “The growth of new orders continued to slow... Production is currently growing at a faster rate than new orders, but it typically lags and would be expected to ...

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