World Economy

US Economic Growth Accelerates on Strong Business Investment, Consumer Demand

The U.S. economy expanded at its fastest pace in a year during the third quarter, driven by strong corporate capital expenditures and steady consumer spending. Gross domestic product grew at an annual rate of 3.4%, signaling sustained economic momentum despite persistent affordability pressures facing households. The expansion reflects renewed confidence among businesses and their willingness to deploy capital into new equipment, facilities, and operational improvements. Consumer resilience continued to underpin economic activity, though rising costs remain a concern for many Americans. The growth trajectory is mirrored in freight markets, where less-than-truckload rates hit new highs in Q3 and are expected to climb further through year-end, reflecting elevated business-to-business demand for transportation services.