Economic trends: Page 47

Truckstop.com launches new Rate Analysis system

The program allows companies to input their own rate history for any lane and compare it to other rates for the same lane. The company says Rate Analysis shows a live feed of available capacity for each lane and offers a tool to send direct quotes to potential customers.

September 28, 2016

Truckstop.com’s Rate Analysis system gathers rate information in real time to help fleets determine their best rate.

Hanjin bankruptcy fallout likely to drive spot market rates up

A load-to-truck imbalance created by Hanjin’s bankruptcy will likely put upward pressure on spot market rates, especially for loads originating on the West Coast and heading east.

September 27, 2016

This graph from DAT shows the recent Hanjin-caused jump in outbound loads in the Los Angeles area. “The bar graphs below tell the rest of the story: Load posts increased dramatically, to more than 4,000 per day instead of 2,000, while truck posts declined from about 900 per day to between 600 and 700 per day,” says DAT’s Peggy Dorf. These two factors have created a load-to-truck imbalance, which puts upward pressure on rates.

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Diesel prices continue steady downward trend

The U.S.’ average price of a gallon of on-highway diesel is now $2.382. Two regions saw slight upticks in price, while all other regions dropped during the week.

September 26, 2016

Indicators: Truck tonnage soared in August, spot market activity mixed

Tonnage jumped in August, as did load volume on the spot market. Rates, however, continued to drag.

September 20, 2016

McLeod Software sprinting to help carriers, brokers meet FSMA requirements

Tom McLeod said it is a top priority for his software company to develop new features that help carriers and brokers meet the FSMA requirements by April, 2017.

September 19, 2016

Tom McLeod gives the keynote at the 2016 McLeod User Conference in San Antonio, Sept. 19

Diesel prices fall a penny nationwide during most recent week

The price of a gallon of on-highway diesel dropped a penny to $2.389 per gallon nationwide during the week ending Sept. 19, according to the Department of Energy’s weekly report.

September 19, 2016

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Used truck market to see flood of supply in coming years, prices expected to fall

“Used truck supply goes a long way in determining the environment” for pricing, said Arrow Truck Sales President Steve Clough. “The supply of used trucks has already been determined based on what was retailed 3, 4 and 5 years ago. That’s a wall of inventory that’s coming.”

September 19, 2016

2014’s and 2015’s high truck build numbers will flood the used market starting next year, Clough said, which will put downward pressure on used truck pricing until 2019 or 2020.

CCJ MarketPulse – July 2016

The CCJ MarketPulse is a short survey of 200 for-hire fleet executives. Its purpose is to gauge fleet sentiment regarding monthly business conditions and concerns as well as hiring and purchasing plans. Here are the key findings from the July 2016 CCJ MarketPulse survey: Business conditions in July dropped considerably from June, down to 5.2 from 5.6. Respondents from both […]

September 19, 2016

Old Dominion announces 4.9 percent general rate increase

Todd Polen, ODFL’s vice president of pricing, said the increase will affect the company’s class tariffs and is meant to help “offset the rising costs of new equipment, real estate, technology investments and competitive employee wage and benefit packages.”

September 16, 2016

Capacity crisis, rate boom likely in the coming year, experts say

The regulatory swath barreling toward the trucking industry — highlighted by electronic logging devices and greenhouse gas emissions standards — combined with likely increases in fuel costs and an uptick in freight could push the trucking industry into a full-fledged capacity crisis as soon as late next year, says FTR economist Noel Perry.

September 14, 2016

Carriers need to plan for potential global recession, transpo economists say

Despite strong headwinds from various sources, the U.S. economy continues to grow slowly, but carriers need to have a plan in place for the coming years should the economy reverse course and dip into a recession. That was the message from two transportation economists Wednesday at the 2016 FTR Conference, ongoing this week in Indianapolis, Ind.

September 14, 2016

Is the economy set to stumble?

U.S. diesel price flat in most recent week

The national average price for a gallon of on-highway diesel fell for the second straight week — albeit, only slightly — during the week ending Sept. 12, according to the Department of Energy’s weekly report.

September 12, 2016

Indicators: ‘Trucking conditions’ improve on heels of better freight

Freight growth, albeit slow, put upward pressure in July on FTR’s Trucking Conditions Index, which measures market conditions for carriers.

September 9, 2016

FreightorGator now sending dynamic LTL rates directly to shippers

The dynamic freight rates can now be delivered directly to FreightorGator’s spot LTL shippers to compare and book in real time.

September 7, 2016

Diesel prices reverse course following recent jump

The average price of a gallon of on-highway diesel now stands at $2.407, marking the end of a two-week climb that saw fuel prices jump a total of nearly 10 cents.

September 6, 2016

truckstop truck stop hours of service evening parking hos fuel island20160526_0017

Van, flatbed rates skid again in August, reefer sees small uptick

Per-mile rates on the spot market mostly continued to tumble in August, according to monthly rate data from Truckstop.com. Reefer rates were the lone bright spot in the month’s rates report, climbing 4 cents a mile. Dry van and flatbed rates both posted declines.

September 6, 2016

Indicators: Trucking adds 3,400 jobs in August

The for-hire trucking industry’s total employment grew by 3,400 jobs in August, according to the Department of Labor’s monthly employment report. The DOL also upwardly revised July’s gains to 2,200.

September 2, 2016

Driver turnover dips to lowest level since 2011 on heels of weak freight

“As we hopefully approach the end of this period of elevated inventories later this year, freight demand will pick back up leading to increased demand for drivers and higher turnover rates in the future,” Costello said.

September 1, 2016

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International And Plus Ai Fleet Trials Autonomous Truck

International kicks off self-driving truck trials with fleets

The gen2 International LT Series is powered by the S13 Integrated Powertrain.

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How fleets can protect themselves from cyber criminals

Yellow Union Pacific locomotive 7205 on railway tracks with mountains in background

Knight-Swift backs rail mega merger

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NMFTA warns of Chinese components in trucking technology

Cargo theft is on the rise. Learn strategies to protect your trucks, trailers and freight.

Cargo theft is on the rise. Learn strategies to protect your trucks, trailers and freight.

Get all the info on the top 250 trucking companies in America

View, sort and download the trucking industry’s most comprehensive ranking of for-hire carriers in North America, based on a blend of metrics including fleet size, annual revenue and number of drivers.

In House or Outsourced Maintenance

The decision between bringing fleet maintenance in-house versus outsourcing is a pivotal one that could significantly affect your operations.