Transportation Economy News Updates

A growing cohort of smaller companies that survived the cold depths of the pandemic say now they’re in danger because the economy is too hot.

WASHINGTON — A fractious House handed President Joe Biden a marquee victory Nov. 19 by approving a roughly $2 trillion social and environment bill, as Democrats cast aside disputes that for months had stalled the measure and hampered efforts to sell their priorities to voters.

U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment.

GRAPEVINE, Texas — Transportation economist Donald Broughton said that the U.S. and trucking are in the early stages of a long, sustained, robust economic recovery as the country comes out of the COVID-19 pandemic.

WASHINGTON — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation’s households.

Economic indicators and forecasts from economists show trucking and the U.S. economy are in the midst of a strong recovery, though concerns remain about the persistent shortage of drivers and supply chain delays.

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.

WASHINGTON — Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.

The velocity of the U.S. economy’s post-pandemic rebound hinges on more than just an increasingly capable consumer, and business spending appears poised to deliver its own boost.