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Economic trends: Page 65
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
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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
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
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
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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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