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Economic trends: Page 72
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
Business
Trucking adds 1,500 jobs in May, economy adds 217k
The for-hire trucking industry added 1,500 jobs in May on a seasonally adjusted basis, according to the monthly employment report released June 6 by the Dept. of Labor. The U.S. economy as a whole added 217,000 jobs in the month.
June 6, 2014
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Business
Navistar reports second quarter loss of $297, with $2.7 billion in revenue
Navistar International announced Thursday a second quarter 2014 net loss of $297 million on revenues of $2.7 billion. That marks an improvement over 2013′s second quarter’s $374 million net loss on revenues of $2.5 billion.
June 5, 2014
Business
Class 8 orders remain strong, up 14% year over year
Class 8 orders in May were up 14 percent from the same month last year and had their best May since 2006, according to preliminary data released by FTR and ACT.
June 4, 2014
Business
Diesel price edges down again, falls in fifth straight week
The national average price for a gallon of on-highway diesel dropped again in the week ended June 2, though only slightly, falling seven-tenths of a cent to $3.918, according to the Department of Energy’s Energy Information Administration.
June 2, 2014
Business
Rates continue big upswing in May as reefer, flatbed set records
Rates in all three segments boomed in May, continuing to build on recent per-mile upticks, according to data released June 2 by Internet Truckstop.
June 2, 2014
Business
NAFTA trade remained high in March, trucks moved 60 percent of goods
Trucks carried 60.1 percent of the $101.5 billion in trade between the U.S. and North American Free Trade Agreement partners Canada and Mexico in March, according to the Department of Transportation’s Bureau of Transportation Statistics.
May 30, 2014
Business
Truck registrations jump 8.3 percent in first quarter
New commercial vehicle registrations increased 8.3 percent for Class 3-8 vehicles in comparison to the same period last year.
May 29, 2014
Business
Diesel price sees slight drop in fourth consecutive weekly decline
The national average price for a gallon of on-highway diesel fell nine-tenths of a cent in the week ended May 26 to $3.925, according to the Department of Energy. This is the fourth week in a row the price of diesel has declined nationally.
May 27, 2014
Business
USA Truck reaches agreement with shareholder group, adds board seats
USA Truck (#44 on the CCJ Top 250) has expanded its board of directors to accommodate the struggling carrier’s largest shareholders, a deal the current board chairman characterized as “constructive.”
May 26, 2014
Business
Many U.S. regions report trucking upswing to Federal Reserve
The U.S. Federal Reserve reported trucking and the overall economy showed improvement throughout much of the nation since March.
May 23, 2014
Business
Tonnage rises for third straight month in April, nears all-time high
The amount of tonnage carried by the for-hire trucking industry rose 1.5 percent in April from March, according to the American Trucking Associations’ monthly Fo-Hire Truck Tonnage Index, marking the third month in a row the index has increased.
May 22, 2014
Business
Analyst: Outlook positive for carriers amid sluggish economy
“A slow squeeze” is how transportation analyst Dave Ross describes what has been taking place in the transportation industry of late. But, should his predictions prove accurate, the squeeze will lead to a very favorable rate environment for carriers. Another recession could be looming, though, he said.
May 21, 2014
Business
J.B. Hunt exec talks tech strategies to deal with tight capacity, driver shortage
J.B. Hunt Senior Vice President Richie Henderson outlined key issues in the trucking industry to open the 2014 ALK Transportation Technology Summit in Princeton, N.J., offering some ideas about how communications and other technology will continue to drive “innovative responses” that improve experiences for carriers’ drivers and customers.
May 21, 2014
Business
Truckload rates surging; recent 6 percent upswing could continue
The latest indicators for trucking are headed in the right direction – unless, of course, you’re a shipper.
May 20, 2014
Business
Diesel price drops again, down 4.1 cents in May
The national average price for a gallon of on-highway diesel fell another 1.4 cents in the week ended May 19 to $3.94, following two weeks of similar declines and sinking the price 4.1 cents since the start of May, according to the Department of Energy’s Energy Information Administration.
May 19, 2014
Business
Trucking still dominant freight mode in U.S., moving 70% of goods (with inforgraphics)
Trucking is still the U.S. primary mover of freight in the U.S. and moved nearly 70 percent of all domestic freight tonnage in the country in 2013, according to the American Trucking Association’s American Trucking Trends report.
May 19, 2014
Business
Freight jumps again in March, continues rebound from cold winter
The for-hire transportation industry carried 1.6 percent more freight in March than in February. Trucking, too, saw “rapid” growth in the month, according to the DOT.
May 16, 2014
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