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Economic trends: Page 62
MarketPulse
November 2014
Business conditions in November were down across the board from October, with small carriers less optimistic than larger carriers. Overall, 28.4% of respondents said business was better or much better and 35.0% saying it was the same. 34.2% of respondents with more than 100 power units said business was better in November vs. October, compared […]
February 18, 2015
Business
Diesel climbs 3 cents, sees consecutive increases for first time since June
The national average price for a gallon of on-highway diesel rose 3 cents in the week ended Feb. 16 to $2.865 — the first since the week ended June 30, 2014.
February 17, 2015
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Business
CCJ Indicators: Freight holds near all-time high, rates continue to sag
On this frozen edition of CCJ Indicators, freight remains strong, but fuel prices and the easing of capacity constraints continues to tug rates downward.
February 17, 2015
Business
Diesel drifts upward in first increase in three months
The U.S.’ at-pump diesel price rose for the first time since November in the week ended Feb. 9, snapping a 12-week string of price drops.
February 10, 2015
Business
CCJ Indicators: Truck orders stay high, rates drift down
Following seasonal patterns, rates in the last week of January eased down a bit. Other indicators for carriers, however, remain strong: Monthly truck order volume continues to be elevated, and industry employment continues to gain.
February 9, 2015
Business
Trucking adds 2,400 jobs in Jan., near 8-year employment high
The for-hire trucking industry added 2,400 jobs in January on a seasonally adjusted basis, according to the Department of Labor’s monthly report, released Feb. 6. It also upwardly revised December’s job gains to 11,900 — up a few thousand from the 7,300 reported in the DOL’s preliminary report released last month.
February 6, 2015
Business
Aljex Software integrates with LoadDex route pricing platform
The integration of LoadDex route pricing information from Logistical Labs enables carriers and brokers that use the Aljex software system to make more efficient and informed pricing and quoting decisions without leaving the Aljex application.
February 3, 2015
Business
Diesel at lowest point since Nov. 2009
The national average price for a gallon of on-highway diesel fell 3.5 cents in the week ended Feb. 2 to $2.831. That’s the lowest the U.S. average has been since the week ended Nov. 9, 2009. The national average price has now fallen 12 consecutive weeks and 29 out of the last 31 weeks.
February 3, 2015
Business
Spot market rates continue downward trend as fuel prices drop, capacity loosens
Per-mile rates on the spot market fell again in January, according to data released today by Internet Truckstop. Fuel prices may be the biggest culprit in rates’ downward trend, but the linehaul portion of rates — the actual base rates — have still be improving, according to reports recently.
February 3, 2015
Business
CCJ Indicators: Capacity, load volumes push rates downward, trailer orders see big gains
Rates on the spot market are still in the midst of a small slip, but other indicators this week trend well for trucking companies: More NAFTA freight and soaring equipment orders.
February 2, 2015
Business
Carriers included in $25 million settlement in ‘hot fuel’ lawsuits
Preliminary approval has been granted to the nearly $25 million settlement struck last year between fuel providers — such as Exxon, Love’s and BP — and fuel buyers, both diesel and gasoline, in the ongoing “hot fuel” lawsuits, originally filed in 2006.
January 30, 2015
Business
Q&A: Fleets in great position to boost contract rates in 2015, says DAT’s Mark Montague
CCJ was able to talk with Montague recently about diesel price’s impact on rates, where he sees rates headed in 2015 and how cheaper diesel could change freight flow in the U.S.
January 29, 2015
Business
Diesel price hits lowest point since March 2010
The national average price for a gallon of on-highway diesel fell 6.7 cents in the week ended Jan. 26, according to the Department of Energy’s weekly report, bringing the nation’s average at-pump diesel price to $3.866 — the lowest since the week ended March 1, 2010.
January 27, 2015
Business
ATA asks Congress to raise fuel taxes, says infrastructure deficiencies cost industry 141 million hours a year
In a joint letter sent to Congress on Jan. 26, the American Trucking Associations, AAA and the Chamber of Commerce asked lawmakers to raise taxes on gasoline and diesel purchases — a solution they say will provide the funds the U.S. needs to prevent a shortfall in the Highway Trust Fund.
January 27, 2015
Business
CCJ Indicators: 2014 sees tonnage spike, 40 percent growth in truck orders
Several firms reported this week 2014 wrap-ups, pointing toward solid tonnage growth and big growth in the Class 8 truck market. Also, rates and capacity continue to press shippers, though conditions have improved slightly for them in recent months.
January 26, 2015
Business
Diesel drops below $3 for first time since 2010
The national average price for a gallon of on-highway diesel fell below the $3 mark for the first time since September 2010 and its lowest point since the week ended Sept. 6, 2010, according to numbers released Jan. 19 by the Department of Energy.
January 20, 2015
Business
Money Monday: More freight, cheap diesel, improving rates push trucking conditions higher
In this week’s edition of Money Monday — diesel’s cheap and freight’s up, as are rates. All have combined to make trucking conditions strong for fleets.
January 19, 2015
Business
Diesel projected to average $2.85 in 2015 — nearly $1 lower than 2014
In its January edition of the Short Term Energy Outlook, the DOE’s Energy Information Administration forecasts the price of diesel to average $2.85 this year, which would be a 98-cent drop from 2014’s average of $3.83.
January 14, 2015
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