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Economic trends: Page 69
Business
Tonnage hit record high in August, ATA says
Tonnage carried by the for-hire trucking industry rose 1.6 percent in August, as measured by the American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index, pushing the measure of freight movement to its highest reading on record.
September 25, 2014
Business
Survey: 3PL execs project sustained growth; note capacity issues, rise of e-commerce
Executives at 3PLs are confident about the current state and future revenue growth of their companies and the regional industries, according to the 21st Annual Surveys of Third-Party Logistics Provider CEOs.
September 23, 2014
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Business
Diesel continues price plummet, hits 26-month low
The national average price for a gallon of on-highway diesel fell another 2.3 cents in the week ended Sept. 22 to $3.778, according to the Department of Energy. That’s the lowest average diesel price since the week ended July 16, 2012, and the 12th straight week that the price of diesel has either dropped or remained flat.
September 22, 2014
Business
ICYMI Index: 5 key numbers from this week’s top trucking news
The weekly In Case You Missed It Index features a handful of noteworthy numbers at the heart of recent trucking news.
September 19, 2014
Business
Smaller carriers move in as large TLs struggle to meet demand; active carrier ranks swell
Spot shortages of trucks don’t make for a national capacity crunch, but they are creating opportunities for small and medium-size trucking companies. Medium-size carriers are increasingly turning to the spot market for their bread and butter, and the number of new DOT-authorized carriers has surged with spot rates and freight availability in 2014.
September 16, 2014
Business
Diesel resumes price tumble, hasn’t increased since June
The national average price for a gallon of on-highway diesel fell again in the week ended Sept. 15, according to the Department of Energy, who reported it as down another 1.3 cents to $3.801. The U.S.’ average price has not increased since the week ended June 30 and is at its lowest point in over two years.
September 15, 2014
Business
Freight up again in July, index nears all-time high
The amount of freight moved by the for-hire transportation industry in the U.S. in July rose nine-tenths of a percent from the month prior, as measured by the DOT. The Index is just half a percentage point shy of its all-time high.
September 11, 2014
Business
‘Extreme pressure’ on capacity set to drive rates higher, FTR says
FTR’s Trucking Conditions Index increased in July to a reading of 8.49, meaning a capacity crunch is putting upward pressure on rates, FTR says. The index could move even higher — signaling even tighter capacity — if the economy continues to gain steam this fall, FTR says.
September 10, 2014
Business
Cass: August shipments bounce back; rates, not so much
North American freight volumes bounced back in August from a normal July dip, but did not cause a similar increase in freight spending, according to the latest Cass Freight Index. Compared to July, spending was down slightly.
September 10, 2014
Business
Diesel price unchanged in most recent week, remains at two-year low
The national average price for a gallon of on-highway diesel did not change in the week ended Sept. 8 from the week prior, remaining at $3.814, according to the Department of Energy. That’s the lowest national average price since July 2012, following nine straight weeks of drops. The price is down 16.7 cents from the same week last year.
September 8, 2014
Business
Class 8 orders see 19th straight year-over-year increase
Preliminary data suggests August 2014 North American Class 8 truck net orders came in at 24,947 units, a year-over-year increase of 29 percent – the 19th consecutive month with year-over-year increases.
September 5, 2014
Business
Trucking employment slips slightly in August; July total adjusted downward
Jobs in the for-hire trucking industry slipped by 800 in August on a seasonally adjusted basis, according to the monthly employment report released Sep. 5 by the Department of Labor’s Bureau of Labor Statistics.
September 5, 2014
Business
Diesel hits lowest point in over two years
The national average price for a gallon of on-highway diesel hit its lowest point since July 2012 last week, as it fell seven-tenths of a cent to $3.814, according to the Department of Energy.
September 3, 2014
Business
Navistar slashes quarterly losses, posts first positive income in 3 years
The $21 million reported Wednesday was the first quarterly income from continuing operations before income taxes since 2011.
September 3, 2014
Business
Rates fall in August, but still brimming from big spring and summer
Per-mile rates on the spot market fell in August for the second straight month, as rates come down from the 5-month boom seen between February and June. Internet Truckstop released its monthly rate data Sept. 2.
September 2, 2014
Business
Riding the wave of e-commerce
Less-than-truckload and truckload carriers have traditionally steered clear of “final-mile” deliveries to residential areas. That model is changing as e-commerce has grown larger than parcels.
August 29, 2014
Business
Diesel continues to tumble, hits lowest price since July 2013
The national average price for a gallon of on-highway diesel hit its lowest point since the week ended July 1, 2013, after falling 1.4 cents in the week ended Aug. 25 to $3.821. The price of diesel has fallen eight weeks in a row.
August 25, 2014
Business
Truck Tonnage jumps in July, index nears record high
Truck tonnage as measured by the American Trucking Associations’ For-Hire Truck Tonnage Index rose 1.3 percent in July, pushing the index closer to November 2013’s all-time high. Tonnage was up 3.6 percent in the month year over year.
August 20, 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
Technology
Court halts NYSTA surcharge on commercial trucking toll management service providers
Business
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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