Business, TCA

Dallas Fed: Harvey’s Economic Damage Temporary; Recovery Boosts Demand

Texas National Guard

It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas.

Dan Zehr | Austin American-Statesman
October 19, 2017

Service Industries Index at 12-Year High Following Storms

XiXinXing/Getty Images

America’s service industries expanded in September at the fastest clip in 12 years, signaling vibrancy across the bulk of the economy following two major hurricanes, a survey from the Institute for Supply Management showed Oct. 4.

Agnel Philip | Bloomberg News
October 4, 2017

Companies Add Fewest Workers in Nearly a Year, ADP Says

fstop123/Getty Images

Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanes Harvey and Irma, according to data released Oct. 4 from the ADP Research Institute in Roseland, New Jersey.

October 4, 2017
Business, Equipment, Logistics

Spot Market Activity Still Bustling One Month After Devastation of Harvey, Irma

Utility Trailer flatbed Utility Trailer Manufacturing Co.

One month after two devastating hurricanes ripped through Texas and Florida, spot market activity remains hectic across the country, setting records along the way.

Ari Ashe | Staff Reporter
October 3, 2017

Hurricanes Likely to Trim Penske Earnings

Penske Automotive Group Inc. estimated hurricane-related losses, expenses and business interruption (net of expected insurance proceeds) will reduce earnings per share by 4 cents to 5 cents for the three months ended Sept. 30, according to the company.

October 2, 2017

Consumer Sentiment Cools as Storms Deliver Hit to Outlook

Brian Archibald, a rescue specialist assigned to the South Carolina Helicopter Aquatic Rescue Team Delta in McEntire Joint National Guard Base, S.C., points to a someone who may need help on Aug. 31, 2017 in Port Arthur, Texas. Air National Guard photo by Staff Sgt. Daniel J. Martinez

Concern over the fallout from a pair of late-summer hurricanes caused U.S. consumer sentiment to dip in September, though Americans remain relatively optimistic about the direction of the economy, a University of Michigan survey showed Sept. 29.

Agnel Philip | Bloomberg News
September 29, 2017

US DOT Grants $40 Million in Relief Funds to Puerto Rico

Elaine Chao Andrew Harrer/Bloomberg News

Puerto Rico will receive $40 million in federal relief funds to repair damage wrought by Hurricane Maria.

Eleanor Lamb | Staff Reporter
September 28, 2017

US Jobless Claims Rise on Irma's Effects in Florida, Georgia

Photo by Tim Donovan Florida Fish and Wildlife

U.S. filings for unemployment benefits rose last week on increases in Florida and Georgia after the southeastern states were hit by Hurricane Irma, Labor Department figures showed Sept 28.

September 28, 2017
Government, Business, Logistics

Trump Waives Jones Act to Speed Up Aid Shipments to Puerto Rico

In this Thursday, Sept. 21, 2017 photo, a crane used at the port to move cargo from ships lays on top of the Fusion Cuisine and Bar restaurant after the passing of Hurricane Maria in the La Guancha area of Ponce, Puerto Rico. Jorge A Ramirez Portela/AP

President Donald Trump ordered the Jones Act to be waived for shipments to hurricane-ravaged Puerto Rico immediately at the request of Governor Ricardo Rossello, White House press secretary Sarah Sanders said Sept. 28.

Margaret Talev | Bloomberg News
September 28, 2017

New-Home Sales Cool, Supply Jumps as Storms Strike South

U.S. Army National Guard photo by Staff Sgt. Michelle Gonzalez

A second straight decline in purchases of new U.S. homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma, according to government data Sept. 26.

September 26, 2017