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Economic trends: Page 65
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
Business
Diesel price flirts with $3 mark
The U.S. average diesel price has now dropped 8 straight weeks and 26 of the last 28. It’s also dropped more than 55 cents in the last six weeks.
January 13, 2015
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Business
Money Monday: Diesel’s decline dampens rates, NAFTA truck freight grows
Rates are flat, but that’s partially due to the continuing free fall of diesel prices and carriers’ subsequent changes to fuel surcharges. Also, NAFTA freight increased in October, according to the DOT, with trucking’s share of cross-border freight seeing a sizable uptick in value.
January 12, 2015
Business
ICYMI Index: 5 numbers from the week’s top news
In this cold introductory week to 2015, grab a cup of hot chocolate and catch up on the week’s news with the ICYMI Index. Here are 5 numbers from the week’s top news stories.
January 9, 2015
Business
Trucking employment rallies in December, adding 7,300 jobs
The for-hire trucking industry added 7,300 jobs in December on a seasonally adjusted basis, according to the Department of Labor’s monthly employment report. The U.S. as a whole in December added 252,000 nonfarm jobs, dropping the U.S. unemployment rate to 5.6 percent.
January 9, 2015
Business
Trucking co. profits, fuel economy benefits drive strongest year of truck sales in 10 years
Pent-up demand, increasing fuel economy and carrier profitability all contributed to the second best year on record for truck sales.
January 8, 2015
Business
Diesel continues skid, hits lowest point since Nov. 2010
The national average price for a gallon of on-highway diesel fell in the week ended Jan. 5 to $3.137. That’s the lowest average since November 2010, according to the DOE, and the eighth straight week the price has dropped. It’s also the 25th week out of the last 27 the price has dropped.
January 5, 2015
Business
Rates in all three segments dip slightly in December
Per-mile spot market rates in all three segments — reefer, dry van and flatbed — fell in December, bucking seasonal trends seen in recent years, according to data released Jan. 2 by Internet Truckstop.
January 5, 2015
Business
Take advantage of cheap diesel by staying nimble with surcharges
Savvy carriers can take advantage of the recent downfall in the price of diesel by updating fuel surcharges daily — giving them the ability to keep their rates competitive.
January 2, 2015
Business
Diesel falls 6.8 cents, down 70 cents year over year
The national average price for a gallon of on-highway diesel fell another 6.8 cents in the week ended Dec. 29 to $3.213, according to the Department of Energy’s Energy Information Administration’s weekly report.
December 29, 2014
Business
Money Monday: Truck and trailer orders post huge gains, fuel prices pressing rates
On this New Year’s edition of Money Monday (and the last of 2014), Class 8 truck orders continued their recent boom, while trailer orders also saw a big spike. Rates have seen a small drop in recent weeks, partly attributable to changes in fuel prices and surcharges. Also, the restart rollback is expected to boost capacity utilization.
December 29, 2014
Business
ICYMI Index, Christmas edition: 4 numbers from the week’s top news stories
Had your fill of roast beast, ham and sugar cookies? Here’s a recap of what you may have missed in trucking news this week
December 26, 2014
Business
U.S. diesel price hits lowest point since Dec. 2010
The national average price for a gallon of on-highway diesel hit a four-year low in the week ended Dec. 22, 2014, falling 13.8 cents to $3.281, according to the DOE.
December 22, 2014
Business
Money Monday: Tonnage roars, capacity loosens, rates slip
The stress on capacity – caused by a short truck supply and increased freight demand — eased some in recent weeks, according to the latest roundup of industry indicators. Thus, rates have slipped in recent weeks.
December 22, 2014
Business
ZF reports solid 2014 financial performance
ZF has reported strong financial performance in 2014 including three major business accomplishments: Technology company increases sales in 2014 to more than €18 billion Planned acquisition of TRW Automotive and upcoming integration of the company are key topics ZF will celebrate its centennial in 2015 Stuttgart/Friedrichshafen. ZF Friedrichshafen AG’s economic strategy for 2014 was effective: […]
December 19, 2014
Business
ICYMI Index: 6 numbers to catch you up on this week’s trucking news
Miss a few stories this week? Don’t sweat — the ICYMI Index has you covered.
December 18, 2014
Business
Diesel sees biggest weekly price drop since Nov. 2008
The national average price for a gallon of on-highway diesel fell 11.6 cents in the week ended Dec. 15 to $3.419 a gallon — the lowest price since January 2011 and the biggest drop since 2008.
December 15, 2014
Business
Money Monday: Load availability, trucking conditions remain strong (with charts)
Indicators of the economy’s health and outlook for trucking continue to remain strong. Here’s a roundup of trucking-related economic indicators from the most recent week.
December 15, 2014
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Business
Peninsula Truck Lines adding PNW compliance surcharge
Washington-based carrier adding $3 per shipment surcharge to all freight originating in or destined for Washington and Oregon
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Abilene Motor Express folding into Swift Transportation
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Quantix partnering with liquid bulk haulers MC Tank Lines, Leahy Transport
Mergers & Acquisitions
Koch doubles its nationwide square footage with SOS acquisition
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