Are we loosing or gaining momentum in the manufacturing sector here in the U.S.? If you ask the Institute for Supply Management, things are looking pretty good. They stated recently that their PMI, or Report on Business, climbed 0.3 percent totaling out at 55.7 percent in the month of August, reaching its highest peak of…
More good news on the economic front shows growth and strength even outside the encouraging sector of manufacturing. The Institute for Supply Management (ISM has released their Non-Manufacturing Report on Business indices since January 2008. August of this year showed some of the highest readings since the report was launched. The indices used to measure…
Several economists and market analysts are predicting strong growth in the U.S. manufacturing sector as the country leads the rest of the world out of the deep recession which has nearly crippled growth in most developed nations over the past several years. The Institute for Supply Management index rose to 55.7 percent during the month…
The Boston Consulting Group (BCG) released a new report based on the group’s research last September. The new report, entitled “Behind the American Export Surge: the U.S. as One of the Developed World’s Lowest Cost Manufacturers,” predicts the U.S. has already started to see gains in manufacturing over competitive nations in Europe and Japan, and…
On Thursday, the U.S. Chamber of Commerce presented “The Future of Our Nation’s Infrastructure and What it Means for Trucking and the Economy” at the Fourth Annual Commercial Vehicle Outlook Conference. The presentation was made by Drew Preston, manager of congressional and public affairs for the Chamber, moderator Tom Lehner, and the public policy vice…
Until recently, U.S. manufacturing suffered as companies moved their factories and facilities overseas, primarily to Asia, to take advantage of the cheap labor pool and low shipping costs. The tide is turning, however, and now the U.S. is so competitive in terms of labor costs and shipping prices that U.S. companies are coming back. Furthermore,…
Economists are trying to understand how Egypt’s economy is remaining so stable, even as the death toll from recent violence surpassed the 1,000 mark in six days. The violence began June 30 after the ousting of Islam President Mohamed Mursi, a member of the Muslim Brotherhood. The new military government is struggling to keep industries…
At long last, the longstanding goal of America (according to both major political parties) seems within reach. The U.S. is set to overtake Saudi Arabia as the world’s largest oil producer by the year 2017. By the year 2025, the U.S. will be exporting more than its importing, and should be fully energy independent by…
A new brand unveiled by Air Canada may have passengers wondering whether kindly hipsters have hijacked their planes. Air Canada Rogue, as the new airline is called, has introduced new uniforms for its on-flight crew. The uniforms are supposed to get passengers in the vacation spirit. Some people, however, may worry that they’ve accidentally boarded…
Overall, trucking companies had good news for their truckload profits as the first quarter of 2013 tallied up. ATA’s Truck Tonnage Index saw a 3.9 percent growth when compared to the same time period of 2012. However, the Cass Freight Index showed a lower growth on their calculations.