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Indicators: Page 38
Business
Trucking faces capacity crisis, shifting distribution patterns, analyst says
A regulation-driven capacity crisis will slam trucking sometime in mid-2017 to as late as 2018, John Larkin, managing director, Stifel Financial Corporation, told fleet executives at the CCJ Spring Symposium this week. Consequently, shippers see the current market as their last chance to push rates down before an inevitable rate upswing, he said.
May 19, 2016
Business
Charts: 1Q revenue, income figures show declines from 2015 for some of country’s top carriers
Quarterly earnings reports for the first three months of 2016 from some the country’s largest publicly traded companies show the quarter was a bit tougher than the same period in 2015, with income and revenues either flat or down on the whole from 2015’s January-March period.
May 17, 2016
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Business
Diesel prices rise to highest point since mid-December
Diesel prices have jumped up to their highest point since mid-December after another increase in prices during the week ending May 16.
May 16, 2016
Business
Report: Shippers demanding rate decreases from carriers
Under a brief investment report titled “Shippers continue to bludgeon rates,” by trucking financial research group Stifel Transportation comes this gem: A large dry van carrier recently told the firm that 90 percent of its customers have asked the carrier for a rate reduction.
May 13, 2016
Business
Fleets report equipment utilization down for second consecutive quarter
The report, a summary of an April survey in which 47 fleets accounting for 37,000 power units and 91,000 trailers responded, showed equipment utilization for power units at 90 percent and trailer utilization at 83 percent.
May 13, 2016
Business
Indicators: Spot market freight/rates see seasonable tumble, diesel projected to stay cheap
The latest reports on freight movement and rates on the spot market, and projections by the DOE on what diesel prices may average this year or next.
May 13, 2016
Business
Diesel prices continue upward trend, increase half-cent during week
Prices increased in all regions except the Lower Atlantic region, where prices stayed even, and the Gulf Coast region, where priced dropped by six-tenths of a cent.
May 10, 2016
Business
Trucking posted jobs gain in April
The employment gain ends a two-month skid in which the industry lost 2,500 jobs in March and 1,300 jobs in February.
May 6, 2016
Business
Trucking equipment makers report decreased earnings in 2016’s 1Q
Allison Transmission, Cummins, Wabco and Meritor report their first quarter earnings.
May 5, 2016
Business
Fuel prices jump 6.8 cents to highest point since December
Diesel prices jumped 6.8 cents during the week ending May 2, the largest week-to-week increase since mid-March, according to the Department of Energy’s weekly report.
May 3, 2016
Business
Indicators: Rates reverse course in April, freight expected to soften in 2016
For the first time in a year, spot market rates in all three major truckload segments rose. Meanwhile, conditions for shippers improved — but a softening freight environment may loom.
May 2, 2016
Business
Quick Fuel stations now offer QuikQ RFID technology
Quick Fuel is using the Fuel Purchase System (FPS) from QuikQ at more than 50 automated fueling locations nationwide.
April 29, 2016
Business
Truck makers report declining truck orders, falling revenues in first quarter
Daimler, Volvo and Paccar all reported a drop in sales and revenues compared to the same quarter last year.
April 27, 2016
Business
Diesel prices continue climb, rise 3.3 cents
The average price of a gallon of on-highway diesel increased 3.3 cents to $2.198 during the week ending April 25, according to the Department of Energy.
April 25, 2016
Business
Indicators: Driver turnover at large fleets surges above 100%
2015’s fourth quarter was the second straight in which turnover at large fleets was at 100-plus, the first time since 2012.
April 25, 2016
Business
Big data, part 3: seeing your fleet in multiple dimensions
As the volume of data in your enterprise increases, so do the opportunities to harness it and find new ways to improve.
April 21, 2016
Business
Indicators: Tonnage settles in March, spot market sags
Tonnage dove in March, following February’s all-time high, while spot market activity continues to sag.
April 19, 2016
Business
Fuel prices increase for eighth time in nine weeks
The average price of a gallon of on-highway diesel is now $2.165 nationwide, a 3.7-cent increase over the previous week.
April 18, 2016
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