X

Economic Update, February 28, 2013

Lucas Deal February 28, 2013
  • Sales of new single-family homes in January were at a seasonally adjusted annual rate of 437,000 — the highest rate since August 2008. The rate was 15.6 percent higher than December and 28.9 percent above January 2012.
  • Consumer confidence in February saw its largest month-to-month improvement since November 2011, according to the Conference Board’s Consumer Confidence Index. The index rose 11.2 points after three straight monthly declines.
  • The national average retail diesel price rose just 0.2-cent to $4.159 a gallon during the week ended Feb. 25. The average price is 10.8 cents higher than the same week last year.
  • U.S. freight railroads’ carloads were down 1.2 percent for the week ended Feb. 23 compared to the same week last year. Intermodal traffic was up 11 percent.
  • First-time claims for unemployment insurance fell by 22,000 during the week ended Feb. 23 to a seasonally adjusted 344,000. The four-week moving average was 355,000, a decrease of 6,750 from the previous week’s average.

More on these and other economic indicators is available by subscription at www.truckgauge.com.

Poll

Do you actively capture and use customer data?

Latest

Summit Holdings names new executive team

Seattle Mariners-themed Kenworth to appear at fundraising event

River States pair wins corporate sales award

Popular

Truck Center Companies sponsoring run

Truck Centers, Inc. named 2014 Successful Dealer Award winner

River States pair wins corporate sales award

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.