Trucks moved 10.93 billion tons of freight, up from 10.23 billion tons the previous year, according to the American Trucking Associations.
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The increase in production was in part thanks to oil and autos bouncing back after a lackluster August.
It was a strong year-over-year growth month and sequential rebound from a month-to-month decline in July.
MDM’s team has been on the fall conference tour. Here, Tom Gale and IRCG’s Mike Marks compare notes from conversations at Affiliated Distributors, NetPlus and ISSA's recent summits, as well as MDM’s SHIFT event. They also cover the latest Baird-MDM quarterly MarketPulse survey, with most distributors reporting double-digit growth amid few signs of a slowdown.
Because of lingering inflation, the Fed may enact a fourth straight 0.75-percentage-point increase to interest rates in the coming weeks.
Construction input prices dipped 0.1% in September compared to the previous month but remained 41% ahead of February 2020 pre-COVID levels.
Backlog is once again above the level observed at the start of the pandemic, according to the Associated Builders and Contractors.
The increase snapped a streak of four consecutive months in which orders of manufacturing technology declined.
Sliding new orders, employment, supplier deliveries and prices all factored into the latest reading, which showed further deceleration in expansion.
Led by declines in production-related indicators, the Chicago Fed National ActivityIndex decreased to a neutral value in August from +0.29 in July.
The latest 0.75 percentage point increase brings the Fed's benchmark interest rate to its highest mark since early 2008.
Builder confidence in the market for newly built single-family homes fell again in September.
A disappointing inflation index reading grabbed headlines, but it's certainly not the only metric to keep an eye on.
Year-to-date dollar volume ended July running about 15% lower than 2019.
It may signal a return to typical demand patterns after two years of solid gains driven by foreign investment.
Red flags remain, but strong 2Q financial reports from major companies have quelled some immediate fears of a possible recession.
Indices for new orders and employment had solid month-to-month gains, while production, inventories and prices had notable declines.
A new report calculates that U.S.-based industrial distributors could stand to benefit considerably over the next decade from increased MRO demand driven by the domestication of manufacturing production and foreign investment.
Get a recap of what has improved or worsened over the Summer and where things currently stand compared to pre-pandemic conditions.
We examine the latest future revenue expectations for the wholesale distribution sector and where inventory levels currently stand vs. their historic averages.
