journal truckgauge
Trucking employment
nearly static in May
Indicators
•
Industrial production was unchanged in May after having decreased 0.4 percent in April.
Manufacturing ticked up 0.1 percent after falling in each of the previous two months.
•
U.S. retail and food service sales increased 0.6 in May from April and 4.3 percent from
May 2012.
•
New orders for manufactured goods rose 1 percent on a seasonally adjusted basis in April
compared to March. Excluding transportation equipment, new orders dipped 0.1 percent.
•
Spending on construction in April was up 0.4 percent from March and 4.3 percent higher
than in April 2012. Private construction spending was up 1 percent, while public construction spending was down 1.2 percent.
1,200
9
6
6.45
Carrier Sentiment Index
improves in May
As reported in the May 2013 edition of the Randall-Reilly MarketPulse Report, the Carrier Sentiment Index for
May was 6.45 – up from 6.22 in April. All of the improvement came from carriers with more than 100 power
units, as the index actually dropped among smaller
carriers. The index assesses the month on a scale of 1 to
10, with 1 being the carrier's worst month and 10 being
the best. The index level for carriers with more than
100 power units was 6.67 (up from 6.17 in April), while
the level for those with 10 to 100 power units was 6.00
(down from 6.30 in April). The entire report is available
for $99 at www.rrmarketpulse.com.
72%
in May
5
Trucking companies reduced their payrolls by
700 jobs on a seasonally adjusted basis in May,
but that followed a 900-job upward revision of
initial estimates for March and April. The overall
economy added 175,000 jobs, but the national
unemployment rate ticked up a tenth of a point
to 7.6 percent as more people began looking for
jobs. Trucking employment is up by 152,500 jobs,
or 12.3 percent, from the bottom in March 2010,
but it remains 67,600 jobs, or 4.7 percent, below
the peak in January 2007.
4
Source: bureau of labor statistics
2013
1
2012
er 3
2011
2
month
ev
2010
st
2009
r
or
900
b
month ev
e
7
8
1 0
t
es
1 = worst 10 = best
w
in thousands
1,500
Source: Randall-Reilly MarketPulse report
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commercial carrier journal
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