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Economic trends: Page 52
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
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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
Business
Indicators: Truck tonnage tumbles again, spot market remains weak
Latest reports: Tonnage dipped again in April, while spot market load availability remains suspect.
May 24, 2016
Business
Diesel prices jump 6 cents, hit highest point in 6 months
The jump in prices put the national average for a gallon of on-highway diesel at $2.357, the highest per-gallon rate so far in 2016.
May 23, 2016
Business
Indicators: Trucking conditions plunged in March
Closing out the first quarter of the year, market conditions for trucking companies fell a staggering 50 percent in March from February, according to FTR’s monthly Trucking Conditions Index. FTR cited weak economic growth and slow freight gains as the reason for the index’s decline.
May 20, 2016
Business
Trucking faces capacity crisis, shifting distribution patterns, analyst says
A regulation-driven capacity crisis will slam trucking sometime in mid-2017 to as late as 2018, John Larkin, managing director, Stifel Financial Corporation, told fleet executives at the CCJ Spring Symposium this week. Consequently, shippers see the current market as their last chance to push rates down before an inevitable rate upswing, he said.
May 19, 2016
Business
Charts: 1Q revenue, income figures show declines from 2015 for some of country’s top carriers
Quarterly earnings reports for the first three months of 2016 from some the country’s largest publicly traded companies show the quarter was a bit tougher than the same period in 2015, with income and revenues either flat or down on the whole from 2015’s January-March period.
May 17, 2016
Business
Diesel prices rise to highest point since mid-December
Diesel prices have jumped up to their highest point since mid-December after another increase in prices during the week ending May 16.
May 16, 2016
Business
Report: Shippers demanding rate decreases from carriers
Under a brief investment report titled “Shippers continue to bludgeon rates,” by trucking financial research group Stifel Transportation comes this gem: A large dry van carrier recently told the firm that 90 percent of its customers have asked the carrier for a rate reduction.
May 13, 2016
Business
Fleets report equipment utilization down for second consecutive quarter
The report, a summary of an April survey in which 47 fleets accounting for 37,000 power units and 91,000 trailers responded, showed equipment utilization for power units at 90 percent and trailer utilization at 83 percent.
May 13, 2016
Business
Indicators: Spot market freight/rates see seasonable tumble, diesel projected to stay cheap
The latest reports on freight movement and rates on the spot market, and projections by the DOE on what diesel prices may average this year or next.
May 13, 2016
MarketPulse
CCJ MarketPulse – March 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 March 2016 CCJ MarketPulse survey: Business conditions in March fell slightly from the previous month, down to 5.4 from 5.5. Respondents […]
May 12, 2016
Business
Diesel prices continue upward trend, increase half-cent during week
Prices increased in all regions except the Lower Atlantic region, where prices stayed even, and the Gulf Coast region, where priced dropped by six-tenths of a cent.
May 10, 2016
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