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Indicators: Page 58
Business
Earnings report roundup: UPS, Con-Way, Swift, Knight, Celadon, Heartland, Landstar, Swift, Werner, Saia, Roadrunner
Fleets around the country are in the midst of reporting their fourth quarter and 2013 earnings. Here’s a round up of some notable reports released so far.
February 14, 2014
Business
Plaintiffs dismiss 20 suits against 15 defendants in ‘hot fuel’ cases
Nearly all of the outstanding lawsuits against fuel providers in the “hot fuel” cases have been dismissed by plaintiffs, as 22 lawsuits were dropped against 15 fuel providers.
February 13, 2014
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February 19, 2025
Business
Freight carried by for-hire transportation fell in December, still near all-time high
The amount of freight carried by the for-hire transportation industry in December dropped slightly from November, but it’s still pushing the all-time high reached the month prior, according to the DOT.
February 12, 2014
Business
Diesel jumps another 2.6 cents, reaches highest point in 5 months
The national average price for a gallon of on-highway diesel jumped again in the week ended Feb. 10, rising 2.6 cents to $3.977. The price of diesel has now risen 10.4 cents in the last three weeks and has hit its highest point since the week ended Sept. 9’s $3.981.
February 10, 2014
Business
Earnings report roundup: Paccar sees record revenue, Daimler doubles truck profit, Volvo profits down
Daimler, Paccar and Volvo have all reported their fourth quarter earnings this week, rounding out the list of reports for all major North American truck maker.
February 7, 2014
Business
Trucking adds 3,200 jobs as overall employment gains fall short
The for-hire trucking industry added 3,200 new payroll jobs on a net basis in January, according to latest monthly figures from the U.S. Bureau of Labor Statistics. The first month of 2014 follows a weak hiring report from December, when trucking added only 100 jobs.
February 7, 2014
Business
January truck orders far exceed expectations, up more than 50% year over year
Class 8 truck orders were above the 30,000 mark for the second consecutive month in January for the first time since 2006, according to preliminary data released this week by FTR and ACT Research, signaling “very positive” signs for the industry and for freight.
February 6, 2014
Business
Rates drop in all three segments in January, still strong and up big year over year
Per-mile spot market rates in all three segments — flatbed, reefer and dry van — fell in the first month of the year from December’s rates, according to data released this week by Internet Truckstop. Compared to Jan. 2013, however, rates are up as much as 30 cents in one segment.
February 5, 2014
Business
Nearly two-thirds of fleet execs plan to place truck orders this quarter, survey says
Of fleet executives questioned in a recent survey, 62 percent said they intended to place orders for Class 8 trucks in the next three months, and 48 percent said they planned to make trailer orders.
February 4, 2014
Business
Diesel sees biggest jump in 5 months, nearing $4
The national average diesel price in the week ended Feb. 3 spiked 4.7 cents to $3.951, the largest week to week increase since Sept. 2 and the second largest in nearly a year, when the price rose 5.3 cents in the week ended Feb. 18.
February 3, 2014
Business
NAFTA trade via truck rises as overall trade freight continues to climb
Of November 2013’s $96 billion in NAFTA trade, trucks carried 60 percent. Moreover, trucking was one of three modes of transportation (out of 5) to see a year over year increase in NAFTA freight transported in the month.
February 3, 2014
Business
Loads, rates fall on spot truckload market due partly to weather, DAT reports
Both the amount of loads available and freight rates fell in the week ended Jan. 25, according to DAT Trendlines, as the arctic blast from the “polar vortex” event earlier this month and other blasts of cold air stymied a strong start to January.
January 29, 2014
Business
2014 Trucking Outlook: 4 key challenges facing trucking industry growth
There is plenty of reason for optimism in trucking as we embark on a new year. However, there still are plenty of challenges facing carriers that are impeding – or halting altogether – their ability to grow. Here is a look at the top four challenges respondents to the survey said they will face this year.
January 28, 2014
Business
Truck orders up 17 percent in December, up 50 percent year over year
Class 8 orders in December hit their highest point since March 2006 en route to a 50 percent year over year gain and a 50 percent gain over November, according to preliminary data released last week by ACT Research. Trailer orders fell in 2013 by 2 percent.
January 27, 2014
Business
Diesel price rises 3.1 cents, continues to bounce
The national average price for a gallon of on-highway diesel rose in the week ended Jan. 27 3.1 cents to $3.904, climbing after two weeks of price drops, according to the Department of Energy’s Energy Information Administration.
January 27, 2014
Business
Trucking conditions down in November but remain ‘healthy,’ FTR says
The monthly Trucking Conditions Index produced by FTR saw a 20 percent drop in November from October, down to 7.01, but even with the decline, the environment for trucking companies is still positive, the research firm reported this week. FTR also says indicators point to 2014 being a strong year.
January 24, 2014
Business
Tonnage sees best year in 2013 since late ’90s following December increase
Truck tonnage in 2013 increased 6.2 percent over 2012, driven by a surge in November and a small bump in December, making the year the best for tonnage since 1998, says the American Trucking Associations, who released its monthly For-Hire Truck Tonnage Index this week.
January 22, 2014
Business
Diesel price falls 1.3 cents, gains more downward momentum
The national average price for a gallon of on-highway diesel now has fallen nearly 4 cents in the last two weeks, falling 1.3 cents in the week ended Jan. 20 to $3.873, according to the Department of Energy’s Energy Information Administration.
January 21, 2014
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