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Economic trends: Page 69
Business
DOT’s Freight Index climbs for fourth straight month, sets another record
The amount of freight carried by the for-hire transportation industry rose 0.7 percent in May, according to the Department of Transportation. May’s reading of 120.0 on the index is an all-time high and marked four straight months of increases.
July 11, 2014
Business
Comdata’s FleetAdvance tool receives award
Comdata’s FleetAdvance tool has been named as a 2014 Best Practice Award Winner from The Data Warehousing Institute (TDWI), a provider of education and research in the business intelligence and data warehousing industry.
July 11, 2014
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Business
Analyst: Refrigerated freight environment to remain hot
The economic outlook for the refrigerated sector of the trucking industry continues to be strong, according an analyst at the Truckload Carriers Association’s 31st Annual Refrigerated Division Conference. But the distribution landscape for refrigerated freight is changing.
July 10, 2014
Business
Price of diesel falls slightly after two weeks of upticks
The national average price for a gallon of on-highway diesel dropped seven-tenths of a cent to $3.913 in the week ended July 7, according to the Department of Energy’s Energy Information Administration, snapping the short two-week uptick in the price of diesel.
July 8, 2014
Business
Shipment volumes near pre-recession levels, expenditures hit record high, Cass reports
The freight transportation sector continued to strengthen in June, with both shipment volumes and expenditures rising once again on the latest Cass Freight Index. Both indexes have increased every month since January. And even though some measures of the overall economy indicate weakness, the freight sector has gained momentum throughout 2014.
July 8, 2014
Business
Class 8 orders remain strong in June, reports show
Two preliminary reports on Class 8 orders for June show strong year-over-year growth and a continuation of positive trends of healthy truck orders of late.
July 7, 2014
Business
Trucking gains 3,300 jobs in June, U.S. adds 288k
The for-hire trucking industry added 3,300 jobs in June on a seasonally adjusted basis, according to the monthly employment report released by the government. The U.S. economy as a whole in May added 288,000 non-farm jobs, pushing the country’s unemployment rate down to 6.1 percent — its lowest since Sept. 2008.
July 3, 2014
Business
Rates shoot up again in June, set all-time highs
Per-mile rates on the spot market in June continued the major upward swing seen throughout most of 2014, and all three segments — flatbed, reefer and dry van — set record highs, according to July 1 data from Internet Truckstop.
July 1, 2014
Business
Diesel price nearly stagnant, but up in second straight week
The national average price for a gallon of on-highway diesel rose for the second straight week in the week ended June 30, climbing just one-tenth of a cent to $3.920, according to the Department of Energy.
June 30, 2014
Business
Diesel price jumps almost 4 cents to $3.919
The national average price for a gallon of on-highway diesel rose 3.7 cents in the week ended June 23 to $3.919, according to the Department of Energy’s Energy Information Administration. That increase broke a string of seven weeks in a row that the national price had fallen, last week hitting its lowest point since the […]
June 23, 2014
Business
Freight and rates: 5 slides from the latest reports
Freight rates continue to climb, with van prices approaching record seasonal levels, according to multiple reports out this week.
June 19, 2014
Business
Driver shortage still key industry concern, says annual logistics report
Hours-of-service changes and an increase in trucking company bankruptcies have exacerbated the trucker shortage, and significant capacity issues exist, while freight shipments rose 13 percent during the first five months of 2014, said the 25th annual State of Logistics Report.
June 18, 2014
Business
Truck tonnage rises again in May, nears all-time high
Tonnage as measured by the American Trucking Associations’ For-Hire Truck Tonnage Index rose 1 percent in May from April, ATA said June 17, following a 0.9 percent increase in April.
June 17, 2014
Business
Diesel falls another cent, at lowest point in 6 months
The national average price for a gallon of on-highway diesel fell 1 cent in the week ended June 16 to $3.882, according to the government. That’s the seventh week in a row that the national price has fallen, hitting its lowest point since the week ended Dec. 23.
June 16, 2014
Business
Freight jumps again, DOT says, as index nears record high
The amount of freight carried by the for-hire transportation industry rose 0.4 percent in April from March and was up 4.8 percent from the same month last year, according to the DOT.
June 13, 2014
Business
Diesel price dips for sixth week in a row, down 2.6 cents
The national average price for a gallon of on-highway diesel dropped again in the week ended June 9, falling 2.6 cents to $3.892, according to the Department of Energy’s Energy Information Administration.
June 9, 2014
Business
Back in business
Company: Hansen & Adkins Auto Transport, Los Alamitos, Calif. 2013 CCJ Top 250 rank: 144 2012 revenues: $186.2  million Revenue change vs. 2011: 39.3 percent Power units: 673 Trailers: 673 Drivers: 673 During the depths of the recession in 2008 and 2009, perhaps no segment of the trucking industry took a harder hit than motor […]
June 9, 2014
Business
Monday Money: Rising freight, rates ‘buck trends’ in overall economy
Economic conditions continue to be mixed, but trucking indicators continue to be more positive than the recently reported contraction in overall U.S. economic activity. That just means, as usual, truck freight and rates can be hit and miss, depending on markets, customers and lanes. Here’s a round-up of the latest reports.
June 9, 2014
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