Capital Structure: What it is and Why it Matters

A company’s capital structure is arguably one of its most important choices. From a technical perspective, the capital structure is defined as the careful balance between equity and debt that a business uses to finance its assets, day-to-day operations, and future growth. From a tactical perspective however, it influences everything

Ti Dashboard highlight: Freight Transportation Services Index

Published monthly, the US Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight Transportation Service Index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight. Measurement of month-to-month changes in freight shipments by the modes of

Where Has the Capacity Gone?

The market remains dynamic, with all sorts of discussions about rate increases, truck availability, and the underlying state of capacity. As one shipper said to another recently, “Find me trucks.” When asked “where?”, his response was “anywhere going anywhere.” It’s been that crazy with networks out of balance more than

Recent Transportation and Logistics Trends

The ATA’s seasonally-adjusted trucking index increased more than 6% in 2013, with particular acceleration in 2H’13, making it the best year since 1998 and providing positive indications for the broader, tangible-goods economy In January, ISM reported that the overall economy expanded for the 56th consecutive month, although the PMI registered

Holiday spending seen slightly stronger

A survey conducted for The Conference Board in October suggests that spending in the 2012 holiday season likely will be slightly stronger than in 2011. According to the survey, which was conducted by Nielsen, nearly 10% plan to spend more on holiday gifts than in 2011. Last year, 7% said

Big Three auto sales up in January

General Motors, Ford and Chrysler reported strong growth in vehicle sales in January year over year. GM’s 194,699 vehicles sold was 16% higher than in January 2012. Ford reported the strongest growth among the Big Three — 22% to 166,501 vehicles. And Chrysler reported its strongest January sales in five

ISM index rises in January

Economic activity in the manufacturing sector expanded in January for the second straight month in January, according to the Institute for Supply Management’s composite index of manufacturing activity. The PMI rose 2.9 points from December to 53.1% in January. A reading above 50 generally indicates growth. In addition to growth

Business economists rosier on 2013 outlook

Sales growth was stable during the fourth quarter of 2012, and businesses are more optimistic about the prospects of economic growth during the year ahead, according to a quarterly industry survey conducted by the National Association for Business Economics members. According to the January 2013 survey, which reflects 65 responses

Leading indicators rise in December

The Conference Board’s Leading Economic Index (LEI) for the United States rose 0.5% in December to 93.9. The base year for the index is 2004. The LEI was flat in November and increased 0.3% in October. The sharp increase in the LEI resulted primarily from a large improvement in initial