Michael Jackson Worked

2 months ago | freightwaves.com | Michael C. Rudolph |Michael Jackson Worked

Unlike manufacturers’ cautious optimism, economic anxiety is on the rise among consumers for the first time in six months. The University of Michigan’s consumer sentiment index fell to 71.1 in January, below both analysts’ expectations of 73.2 and the previous month’s reading of 74. There’s no cost like homeJanuary’s decline is largely attributable to concerns about the return of inflation — specifically, beliefs about the potential threat of tariff-induced price increases.

Jan 23, 2025 | freightwaves.com | Michael C. Rudolph |Michael Jackson Worked

Industrial production in the United States ended 2024 on a hopeful note, surpassing economists’ expectations and suggesting that the manufacturing sector is stabilizing after two years of decline. In December, industrial output rose by 0.9% — the largest monthly increase since last February — bolstered by an uptick in factory activity and the resolution of a prolonged strike at Boeing.

Jan 22, 2025 | freightwaves.com | Michael J Rudolph |Michael Jackson Worked

Following his inauguration on Monday, President Donald Trump set his sights on a dramatic restructuring of global trade, with an aim to impose significant tariffs on key trading partners — Canada, Mexico and the European Union among them. These actions mark a continuation of his campaigning on an “America First” agenda, aiming to reduce trade deficits and boost domestic manufacturing.

Jan 15, 2025 | freightwaves.com | Michael C. Rudolph |Michael Jackson Worked

In December 2024, U.S. consumer inflation reached an annual rate of 2.9%, largely driven by a surge in gas prices. The Consumer Price Index (CPI) ticked up 0.4% from November, in line with economists’ forecasts. The core CPI — which excludes items with volatile pricing like food and energy — rose by 0.2% month over month (m/m), rounding out 2024 with a 3.2% year-over-year (y/y) increase.

Nov 8, 2024 | freightwaves.com | Michael J Rudolph |Michael Jackson Worked

Facebook Twitter/X LinkedInDomestic freight demand is not only strong, it is growing stronger. Yet this statement, supported by data from SONAR, U.S. trade agencies and numerous industry observers, rings false to many carriers operating in the market today.