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Economic trends: Page 70
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
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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
Business
Rates fall in July, but remain at record highs
Per-mile rates on the spot market in July fell from the month prior in all three segments (reefer, flatbed and dry van) for the first time since January, according to Internet Truckstop’s monthly rate data, but rates in all segments remain near all-time high territory.
August 5, 2014
Business
Diesel price edges down in fifth consecutive weekly drop
The national average price for a gallon of on-highway diesel continued its downward streak in the week ended Aug. 4, falling five-tenths of a cent to $3.853, according to the government. The price of diesel has fallen every week since the week ended June 30
August 4, 2014
Business
Trucking adds 2,300 jobs in July as U.S. hiring remains strong
The for-hire trucking industry added 2,300 jobs in July on a seasonally adjusted basis, according to the government. The U.S. economy as a whole in July added 209,000 non-farm jobs, but the national unemployment rate rose a tenth of a percent to 6.2 percent.
August 1, 2014
Business
Paccar, Cummins report increased 2Q revenues, earnings
Improving truck sales in the U.S. and Canada and strong aftermarket parts and financial services results worldwide pushed Paccar’s revenues and net income forward during the second quarter of 2014. Cummins attributes its revenue increases to stronger on-highway demand.
July 31, 2014
Business
Diesel continues downward streak, still at lowest point in 8 months
The national average price for a gallon of on-highway diesel fell another 1.1 cents to $3.858 in the week ended July 28, according to the DOE. That’s the fourth consecutive week the U.S.’ average diesel price fell, and it’s still at its lowest point since mid-November 2013. Last week’s 2.5-cent drop was also the biggest week-to-week decline in the same time period.
July 29, 2014
Business
Daimler, Volvo report higher sales, profit in second quarter
Daimler reported this week that second quarter revenue in its truck segment were mostly flat at $10.74 billion compared to the same period last year, while profits jumped 5 percent to $612 million. Volvo in its earnings call reported a 44 percent increase in deliveries through June, while Mack, which Volvo owns, reported a 24 percent increase in deliveries.
July 25, 2014
Business
Truck tonnage falls in June following four months of big gains
Truck tonnage as measured by the American Trucking Associations’ monthly For-Hire Truck Tonnage Index fell 0.8 percent in June. The index is still up 2.3 percent from the same month last year and 3.2 percent compared to 2014’s first quarter.
July 22, 2014
Business
ATA Forecast: Tonnage to grow, freight revenues ‘surge’ through 2025
The ATA has released the latest edition of its look at the future of freight, and that future is bright: continued growth for not just the trucking industry, but for the freight economy overall. Carriers, however, will need to adapt to thrive.
July 22, 2014
Business
Diesel sees biggest price drop since November, hits 2014 low
The national average price for a gallon of on-highway diesel fell 2.5 cents in the week ended July 21 to $3.869, according to the DOE. That’s the biggest price drop since the week ended Nov. 11, and the lowest the national average price of diesel has been since the week ended Nov. 25.
July 21, 2014
Business
Monday Money: Linehaul rate talks still ‘not favorable’ for shippers
“As demand continues to increase while capacity exits the marketplace, this year’s procurement events and contract negotiations have not, in general, been ending favorably for shippers,” says the latest Cass Truckload Linehaul Index report. The pricing index was up 5.2 percent in June from the year before.
July 21, 2014
Business
June spot market freight soars on economic upturn: 6 slides
Freight availability on the spot market was 50 percent higher in June compared to the same month the previous year, continuing a pattern of elevated activity in 2014, according to the DAT North American Freight Index — a surge backed by an upturn in the economy, as the Federal Reserve reported Wednesday.
July 17, 2014
Business
Diesel price down again, hits one of lowest points of the year
The national average price for a gallon of on-highway diesel fell in the week ended July 14 to $3.894 a gallon, according to the government. This is the second straight week the price of diesel has dropped and the lowest the price of diesel has been since January, save for two weeks in June.
July 14, 2014
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