freight

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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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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Sept. 29 webinar: Load selection for profit

Trucking radio host and Overdrive columnist Kevin Rutherford will discuss how to make wise choices in planning your loads in Overdrive’s next webinar

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Confidence lackluster, but factories humming

Tuesday’s report on consumer confidence was a bit sour, even though the index was up a tad. “Overall, consumers remain apprehensive about the future," said an official with The Conference Board Consumer Research Center, which manages the survey. But, hey, that’s just a survey of how people feel. A report this morning shows that manufacturing, which has a more direct impact on trucking, continues to improve. One of the most active manufacturing sectors was transportation equipment, ...

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Manufacturing still growing, but more slowly

The recovery is still with us, note the factory-watchers at the Institute for Supply Management. The manufacturing sector expanded in June for the 11th consecutive month, though at a less heated pace than in May. The overall economy for the 14th consecutive month in June. Of course, the housing and labor markets still suffer. The first affects flatbed freight, though flatbed seems to have enough other business to have started the year well. First-quarter data from ATBS ...

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Paper products leading factory growth

The latest news from manufacturers, reporting a strong May, backs up reports that freight is growing. Manufacturing expanded in May for the 10th consecutive month, and the overall economy grew for the 13th consecutive month, according to the supply executives polled for the Institute for Supply Management’s Report On Business. “Employment continues to grow as manufacturers have added to payrolls for six consecutive months,” says Norbert J. Ore of ISM. “The recovery continues to broaden as 16 ...

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‘Flatbed is particularly strong’ and other upbeat news

Lots of good economic reports all around for trucking in the last few days. If you’re not with a carrier who’s keeping you busy, figure out why or look elsewhere. Morgan Stanley’s truckload freight research report “continues to show strong trends … Flatbed is particularly strong.” Consequently, by the fourth quarter this year, on an annual basis, “rate increases of 4-5% should now be the base case. If fuel prices spike and a material restocking takes place, ...

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You gotta know when to hold ’em, when to fold ‘em

Anyone who’s been to an intermodal port or seen the container ships that serve them knows there is no shortage of big colored boxes being stacked like giant Lego walls. They’re also shuffled all over the place, too often empty due to global imbalances in world trade. That deadhead costs the industry $7 billion a year, experts say. The Wall Street Journal reports, with an enviable headline, “Foldable Shipping Containers Try to Stack Up,” on a ...

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Factories humming; inventories start growing

Today’s report on manufacturing shows it expanded in March for the eighth consecutive month, says the Institute for Supply Management, which does a monthly survey of supply executives. The good news mirrors what many in the trucking industry have said in recent weeks about freight demand – and driver demand with it – picking up. ISM also says the overall economy grew for the 11th consecutive month. “The rate of growth as indicated by the PMI (Purchasing ...

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Spot freight index up 215% in February

Freight availability on the North American spot market in February more than tripled from a year earlier, based on the TransCore Freight Index. February’s increase of 215 percent marked the fifth consecutive month of improvement on a year-over-year basis and indicated unusually strong seasonal volume. The level for February, normally a weak month for spot freight, was within 5 percent of the record levels reached in 2004. The TransCore North America Freight Index measures truckload freight volume found ...

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