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Economic trends: Page 53
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
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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
Business
Trucking posted jobs gain in April
The employment gain ends a two-month skid in which the industry lost 2,500 jobs in March and 1,300 jobs in February.
May 6, 2016
Business
Trucking equipment makers report decreased earnings in 2016’s 1Q
Allison Transmission, Cummins, Wabco and Meritor report their first quarter earnings.
May 5, 2016
Business
Fuel prices jump 6.8 cents to highest point since December
Diesel prices jumped 6.8 cents during the week ending May 2, the largest week-to-week increase since mid-March, according to the Department of Energy’s weekly report.
May 3, 2016
Business
Indicators: Rates reverse course in April, freight expected to soften in 2016
For the first time in a year, spot market rates in all three major truckload segments rose. Meanwhile, conditions for shippers improved — but a softening freight environment may loom.
May 2, 2016
Business
Quick Fuel stations now offer QuikQ RFID technology
Quick Fuel is using the Fuel Purchase System (FPS) from QuikQ at more than 50 automated fueling locations nationwide.
April 29, 2016
Business
Truck makers report declining truck orders, falling revenues in first quarter
Daimler, Volvo and Paccar all reported a drop in sales and revenues compared to the same quarter last year.
April 27, 2016
Business
Diesel prices continue climb, rise 3.3 cents
The average price of a gallon of on-highway diesel increased 3.3 cents to $2.198 during the week ending April 25, according to the Department of Energy.
April 25, 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.
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Mergers & Acquisitions
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Regulations
FMCSA boss: 'We're going to bite off more than we can chew'
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