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Economic trends: Page 70
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
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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
Business
Diesel continues price slide, at 9-month low
The national average price for a gallon of on-highway diesel fell another eight-tenths of a cent in the week ended Aug. 18, putting it at $3.835, according to the DOE. That’s the lowest the national average price has been since the week ended Nov. 18 and the seventh straight week the average price has dropped.
August 18, 2014
Business
Monday Money: ‘Tis the season for freight slowdowns; volume, rates still ahead of last year
A roundup of recent reports on the state of freight shows the usual summer slowdown in volume, but the broader economy continues to trend favorably heading into the fall freight season.
August 18, 2014
Business
Carrier earnings roundup: Key truckload metrics compared
The earnings report season provided a generally positive outlook on the financial health large truckload carriers, with a few small surprises. The carriers were equally sure of one thing: The industry must find more drivers to grow.
August 14, 2014
Business
Diesel falls a cent in sixth consecutive drop
The national average price for a gallon of on-highway diesel fell a cent in the week ended Aug. 11 to $3.843. That’s the sixth straight week the national average price has dropped and the lowest the price has been since the week ended Nov. 18.
August 11, 2014
Business
Monday Money: Freight indicators strong despite seasonal dip (5 slides)
Key freight measures in July continued to show nice gains from this time last year, though the summer swoon is in full effect. Business leaders remain optimistic going forward. Here’s a round-up of several reports.
August 11, 2014
Business
Class 8 orders continue big gains, see 71% y/y increase
Truck orders in July were “tremendous,” FTR says, and if they continue at current rates, they could challenge the industry’s current capacity crisis by year’s end.
August 6, 2014
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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
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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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