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Economic trends: Page 52
Business
Indicators: ‘Trucking Conditions’ at worst point in 5 years, diesel prices expected to climb in ‘17
Market conditions for trucking companies have hit a multi-year low due to cheap rates and excess capacity.
July 14, 2016
Business
Indicators: Shippers intitiating ‘rate carnage,’ small carriers being driven out of business
Shippers “continue to pound rates,” investment firm Stifel notes, leading to small carriers going under and larger carriers cutting capacity in order to protect equipment utilization. No carrier’s safe from the “rate carnage,” Stifel reports.
July 12, 2016
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March 1, 2026
Business
U.S. diesel prices see small dip in most recent week
A decrease of nine-tenths of a cent brings the U.S.’ average price of a gallon of on-highway diesel to $2.414. The drop in price is the second in a row and the third time in four weeks.
July 12, 2016
Business
Indicators: For-hire trucking employment dips for fifth straight month
The for-hire trucking industry’s total employment fell by a whopping 6,300 jobs in the month of June, according to preliminary figures reported July 8 by the Department of Labor’s monthly Employment Situation Report. January is the only month to see an employment uptick in the industry this year.
July 8, 2016
Business
Spot market rates in all three major TL segments jumped in June
Van and reefer rates gained more than a dime each in June from May. But rates in all three segments, despite recent upticks, remain much lower than in 2014 and 2015.
July 7, 2016
Business
Indicators: Driver turnover rates tumble as freight weakens
As freight demand slowed in the first part of the year, driver turnover rates dropped for large and small trucking companies. The latest figures here.
July 6, 2016
Business
Fuel prices dip slightly during holiday week
The average price for a gallon of on-highway diesel now stands at $2.423, a drop of three-tenths of a cent from the previous week.
July 5, 2016
Business
Fuel prices stay even during last week
Slight changes up and down in different regions resulted in no change to the nationwide average.
June 27, 2016
Business
Indicators: Truck tonnage jumped in May, but rates dipped for third straight month
Truck tonnage, a measure of freight movement, climbed in May, according to ATA figures. Linehaul rates, meanwhile, fell in the month due to softer freight demand and excess capacity, per a report from Cass.
June 21, 2016
Business
ShipX online LTL market rebrands as FreightorGator
The company has temporarily waived its $25 booking fee to shippers to get negotiated direct rates from LTL carriers
June 21, 2016
Business
Diesel prices drop slightly to end 10-week streak of increases
The slight drop in price snaps a 10-week streak in increasing prices across the country. The average price of a gallon of on-highway diesel is now $2.426.
June 20, 2016
Business
The path to visibility: carriers able to share instant tracking, pricing info
New technologies are ironing out the wrinkles that have always been part of freight transactions.
June 20, 2016
Business
Indicators: Spot market shows small signs of life amid months of poor showings
Month over month, May looked positive for both freight and rates on the spot market. Year over year, however, the market’s showing remained weak. Freight and rates did some some positive momentum upward in the most recent week…
June 16, 2016
Business
Diesel price increases for 10th consecutive week
The price for a gallon of on-highway diesel now stands at $2.431, a 2.4-cent increase over last week’s price.
June 13, 2016
Business
Indicators: ‘Trucking Conditions’ soften on heels of weak freight, high inventories still a concern
Slow freight growth — due in part to high inventories — continue to worry trucking’s top forecasters.
June 8, 2016
Business
U.S. diesel price continues upward momentum, climbs another 2.5 cents
Diesel prices climbed back above $2.40 a gallon during the week ending June 6, according to the Department of Energy’s weekly report.
June 6, 2016
Business
Indicators: Trucking dropped 2,400 jobs in May, overall employment stagnant
Trucking employment in May totaled 1.4604 million, the lowest since last October. The U.S. as a whole in May added only 38,000 jobs, but the country’s unemployment rate fell to 4.7 percent, the rate in eight years. The unemployment rate’s decline, however, was due almost entirely to a drop in the number of people looking for jobs, generally a sign of a weakening job market.
June 3, 2016
Business
Diesel prices up again, rise 2.5 cents
The average price of a gallon of on-highway diesel in the U.S. is now $2.382, the highest price per gallon since November.
May 31, 2016
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Top Stories
Regulations
Workforce Pell Grant unlocks funds for CDLs, diesel tech certs
Pell Grants would be available for programs lasting 8–14 weeks, helping students fund CDL and certain diesel mechanic certifications.
Economic trends
Class 8 truck orders surge 159% in February, signaling cyclical recovery
Business
ECM Transport future in question amid Werner’s One-Way reorg
Mergers & Acquisitions
Bennett Family of Companies acquires Indiana fleet
Regulations
FMCSA boss: 'We're going to bite off more than we can chew'
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