gross domestic product

‘Blue economy’ provides about $373 billion of nation’s gross domestic product

Ford reopens Dearborn and Chicago facilities; U.S. GDP predicted to slide by 40% in three months to June; Target saw sales rise by 10.8% last quarter.

The overall GDP number is not very useful when looking for insight into freight conditions in the economy. The U.S. economy is dominated by the service sector, which includes segments like healthcare, education and financial services. These areas make up over half of all of the economic activity in the U.S., but do not play a significant role in freight movements in the economy. As a result, as long as the service sector is healthy, the U.S. economy can continue to grow even if the production and transportation of goods is stalling.

Jim Blaze writes about the decline in rail freight; is it a recent event, or has it been taking place over a longer period?

Trucking and rail sectors decline as flat GDP report ends four-month growth streak, but analysts say fundamentals remain solid despite weakness in energy and mining.

GDP growth slowed to a 2.1 percent pace in the second quarter, as strengthening consumer spending was offset by weakness elsewhere

Donald Broughton’s third article about the impact of the gross domestic product and how it can be useful for business intelligence and forecasting is a must-read.

Governor Gavin Newsom requests federal assistance from President Trump

Growth in the U.S. economy slowed further in the fourth quarter of 2018, but came in well above expectations to round out an impressive year of growth.