Transportation Economy News Updates

A slowdown in sales of previously owned U.S. homes shows how lean inventories are keeping prices elevated and limiting purchasing options, National Association of Realtors data showed July 24.

The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.

ACT Research President Kenny Vieth and ATA Chief Economist Bob Costello discuss takeaways from the July 20, 2017, ATA Economic Summit with TT's Ari Ashe. The summit brought together economists from various industries.

The consumer goods and housing sectors of the U.S. economy are on stable footing and should continue to expand moderately through at least 2018, as long as the nation can avoid self-manufactured traps, according to panelists at a trucking industry seminar on the economy.

Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to July 18 data from the National Association of Home Builders/Wells Fargo.

Almost six months into Donald Trump’s presidency, Americans are feeling fairly optimistic about their jobs, the strength of the U.S. economy and their own fortunes. That should be welcome news for the president, except for one thing: The public’s confidence largely appears to be in spite of Trump, not because of him.

ATA Chief Economist Bob Costello talks with TT's Daniel Bearth about the shifting business climate for trucking, part of our July 12 LiveOnWeb program on the 2017 Top 100 For-Hire Carrier rankings. (Joseph Terry/Transport Topics)

Economic growth in recent weeks ranged from “slight to moderate” across the U.S. central bank’s regional districts as wages and inflation remained generally subdued, a Federal Reserve survey showed.

Americans’ perceptions about the economy took a big step back last week even as their views about their own finances and the buying climate stabilized, Bloomberg Consumer Comfort Index figures showed June 6.