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CCJ Top 250
Indicators: Page 57
Business
’14, ’15 diesel price forecast upwardly revised, still projected to fall next two years
The Dept. of Energy’s most recent Short Term Energy Outlook projects the U.S.’ average diesel price to fall to $3.85 this year, a 7-cent drop from 2013’s average of $3.92 and a 12-cent drop from 2012’s $3.97. Those numbers, however both are upward revisions of previous projections.
March 13, 2014
Business
DOT: Freight carried in January drops again, weather could be factor
The amount of freight carried by the for-hire transportation industry fell again in January, but is still in all-time high territory, according to the Department of Transportation’s Bureau of Transportation Statistics’ monthly Freight Transportation Services Index.
March 12, 2014
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Business
Prelim data shows Class 8 orders strong in February
Class 8 orders were up roughly 30 percent in February from the same month in 2013, according to research firms FTR and ACT Research, building upon other strides seen in Class 8 orders in the last half-year.
March 12, 2014
Business
Economists bullish on 2014 truck market
Economists presenting at the Heavy Duty Manufacturers Association’s 2014 Heavy Duty Dialogue are optimistic about the North American truck market heading into 2014.
March 11, 2014
Business
Diesel price average picks up a half-penny, still above $4
March diesel price swings continue to come in more lamb than lion: The national average diesel price climbed slightly, up a half-cent to $4.021 in the week ended March 10, according to the Department of Energy’s Energy Information Administration.
March 10, 2014
Business
Trucking employment flat in February, economy adds 175k jobs
The for-hire trucking industry did not add or lose any payroll jobs in February on a seasonally adjusted basis, according to the monthly employment report from the DOL, who also downwardly revised January’s preliminary figure of 3,200 added jobs to 2,600 jobs added in the first month of the year.
March 7, 2014
Business
Trucking conditions remain ‘very positive’ for fleets, FTR says
In its monthly Trucking Conditions Index, FTR says its data in January still shows conditions for trucking companies to be “in very positive territory,” as capacity remains tight.
March 6, 2014
Business
Traffic congestion spikes in 2013 on heels of economic growth, report shows
Traffic congestion in the U.S. shot up in 2013 on the heels of economic expansion, according to a report this week released by traffic data firm Inrix. 2014 could be worse, according to the report.
March 6, 2014
Business
Navistar reports $248 million loss in first quarter of 2014 FY
Navistar, maker of International brand trucks, reported a net loss of $248 million in the first quarter of 2014, stemming from lower sales brought on by its continuing transition away from EGR to SCR as a means for meeting federal emissions standards and lower sales of military vehicles, the company said.
March 5, 2014
Business
Rates spike in February, up big year over year
Per-mile rates on the spot market saw healthy spikes in all three segments — flatbed, reefer and dry van — in February, pushing rates to big year over year gains and setting a record for dry van loads, according to data released this week by load board Internet Truckstop.
March 4, 2014
Business
Five-week diesel price surge snapped as national average creeps downward
And so ends the most recent — and rather large — upswing in diesel prices seen in late January and all of February, as the national average diesel price fell in the week ended March 3 one-tenth of a cent to $4.016, according to the Department of Energy.
March 3, 2014
Business
YRC’s loss shrunk in 2013, but grew in fourth quarter
YRC Worldwide saw an operating loss of $31.2 million in 2013 — 16.4 percent better than last year’s yearly operating loss — while the company’s consolidated operating revenue for the year grew 0.3 percent to $4.865 billion, it announced this week.
February 28, 2014
Business
Trailer orders see 28% growth, used truck prices hit record in January
Trailer orders in January grew 28 percent from the same month last year, according to numbers released this week by ACT Research, who also released data saying the average selling price of a Class 8 truck in January set a record at $44,000.
February 26, 2014
Business
Diesel hits $4 mark for first time in nearly a year
The national average price for a gallon of on-highway diesel in the week ended Feb. 24 breached $4 for the first time since the week ended March 25, 2013, according to the Department of Energy’s Energy Information Administration, who reported the price of diesel rose 2.8 cents nationally to $4.017.
February 24, 2014
Business
Truck tonnage falls to start year due to January’s bad weather
The amount of truck tonnage carried in January fell 4.3 percent from December, according to the American Trucking Associations, due to negative impacts of the several nationwide impacting winter weather events. November and December, however, were record-high months.
February 21, 2014
Business
Diesel price continues climb, up 11.6 cents since late January
The national average price for a gallon of on-highway diesel continued its steep climb in the week ended Feb. 18, edging close to the $4 mark – a threshold it hasn’t been over since the week ended March 25.
February 20, 2014
Business
Monday Money: January freight numbers mixed; 2014 outlook ‘mildly optimistic’
Lackluster GDP growth will hold down freight volumes in 2014, says a leading transportation economist, but tight truck capacity will support rates – and leave the door open for a capacity crisis should the US economy grow just slightly more than expected. Meanwhile, various January freight reports reflect the impact of shipping seasonality and some wicked winter weather.
February 17, 2014
Business
Diesel price forecast again upwardly revised for ’14, still projected to fall 20 cents by ’15
The Department of Energy has once again upwardly revised its forecast for 2014’s average diesel price, pushing it up another 2 cents to $3.83 — still a 9-cent drop from 2013’s average — in its Short Term Energy Outlook. 2015’s price is expected to fall a dime, too.
February 14, 2014
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