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Indicators: Page 59
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
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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
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
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
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