Stronger than expected demand pushed up tonnage and revenue at Old Dominion Freight Line in October and November, raising hopes for a quicker-paced fourth quarter recovery.
US Economy News
News & Analysis
04 Dec 2013
13 Nov 2013
U.S. containerized exports jumped 8.2 percent year-over-year in August, to 1,073,240 20-foot-equivalent units, according to preliminary figures from PIERS, a JOC sister company. This was the highest number of exports within a month since March 2012.
13 Nov 2013
U.S. diesel prices decreased for a third straight week in the week ending Nov. 11. During the three-weeks slump, the average price fell roughly 15 cents, according to the U.S. Energy Information Administration.
08 Nov 2013
U.S. steel imports in September totaled 2.761 million tons, declining 4.1 percent from August, but increasing 6.1 percent from September 2012, according to government reporting.
07 Nov 2013
U.S. containerized imports climbed 5.2 percent year-over-year in August, according to advance figures from PIERS, a JOC sister company. U.S. containerized imports totaled 1.62 million 20-foot-equivalent units in August. This was the largest year-over-year jump since February 2013.
01 Nov 2013
U.S. steel exports in August totaled 1.147 million tons, increasing 5.5 percent from 1.087 million tons in July, but declining 2.1 percent from August 2012, according to government reporting.
29 Oct 2013
U.S. diesel prices continued to edge down in the week ending Oct. 28, the eighth straight week without an increase. During this slump, the average price is down a total of 11.1 cents, according to the U.S. Energy Information Administration.
25 Oct 2013
The U.S. trade deficit in goods expanded to $58.2 billion in August, up $0.1 billion from July...
23 Oct 2013
Trucking made very slight employment gains in September, pushing the Journal of Commerce For-Hire Trucking Employment Index back up to 95.7, its same reading as in May, from 95.6. The increase follows a flat month for the index in August.
22 Oct 2013
Transportation and warehousing businesses added 23,000 jobs in September, mostly in transit and passenger transportation, as total nonfarm employment increased by 148,000 jobs, the U.S. Labor Department said on Oct. 22.