Transportation Economy News Updates

U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Jan. 3.

Wall Street doesn’t think corporate America will have a hard time coming up with those employee bonuses that were promised after taxes were slashed.

Trucking firms are revved up for 2018, with predictions of tight capacity and strong demand for freight hauling setting the stage for an anticipated big year ahead for the industry, and indicators pointing to a potentially sustained period of business expansion in the United States and around the globe.

U.S. filings for unemployment benefits jumped to the highest in five weeks, though the level remained low by historical standards, Labor Department figures showed Dec. 21.

Sales of previously owned U.S. homes rose in November to an almost 11-year high, indicating demand picked up momentum heading into the end of the year, according to a National Association of Realtors report released Dec. 20

Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving U.S. housing starts to a faster-than-estimated rate, government figures showed Dec. 19.

U.S. industrial production rose at a slower pace in November as factory output moderated following the biggest advance in more than seven years that reflected a hurricane-related surge, Federal Reserve data showed Dec. 12.

U.S. retail sales rose more than forecast in November and the previous month was revised higher, indicating a broad strengthening of consumer demand as the holiday shopping season got under way, according to Commerce Department figures released Dec. 14.

ATA Chief Economist Bob Costello (right) looks back on the 2017 year in trucking, calling it a "transition year" and expecting better things ahead for 2018. His interview with TT's Joe Howard is part of our Dec. 13 LiveOnWeb program, "2017 Year in Review."

President Donald J. Trump tweeted Dec. 12 that consumer confidence “is at an All-Time High.” In fact, it was higher when a Clinton was in the White House.