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Economic trends: Page 73
Business
Diesel drops another 1.6 cents, could be heading into expected decline
The national average price for a gallon of on-highway diesel fell again in the week ended May 12, dropping 1.6 cents to $3.948. The decreases could be the beginning of the DOE-predicted summer decline, when the national average price is expected to slide to a $3.87 summer average.
May 12, 2014
Business
Tightening capacity boosts rates, pushes Trucking Conditions Index higher
FTR’s monthly Trucking Conditions Index jumped in March by more than a point to a reading of 8.69 on the heels of what FTR says is an “extremely tight capacity” that spurred an increase in rates.
May 7, 2014
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Business
Flatbed rates soar in April, reefer and van still near all-time highs
Flatbed rates soared again in April, setting another high. And although reefer and dry van rates fell off a bit, both are in record territory.
May 6, 2014
Business
Diesel price drops a cent, still up a dime year over year
The national average price for a gallon of on-highway diesel fell in the week ended May 5 1.1 cents to $3.964, ending the latest string of increases at just two weeks, according to the Department of Energy’s Energy Information Administration.
May 5, 2014
Business
Earnings report roundup: UPS, J.B. Hunt, Landstar, Werner, Old Dominion, Saia, Knight
Fleets around the country are in the midst of reporting their first quarter earnings. Here are a few notable fleets to report so far.
May 2, 2014
Business
Trucking adds 6,800 jobs in April as US hiring surges with better weather
The for-hire trucking industry added 6,800 payroll jobs in April on a seasonally adjusted basis, according to the monthly employment report released May 2 by the Department of Labor’s Bureau of Labor Statistics.
May 2, 2014
Business
Earnings report roundup: Paccar, Volvo, Daimler see higher sales and profits
The parent companies of six of the major U.S. truck makers saw year over year increases in sales, revenue and profits, according to earnings reports released last week.
April 30, 2014
Business
Diesel price edges up to $3.975
The national average price for a gallon of on-highway diesel rose again in the week ended April 28, climbing four-tenths of a cent to $3.975.
April 28, 2014
Business
Truck trade with NAFTA partners grows, as does overall trade
Trade between the U.S. and NAFTA partners Canada and Mexico totaled $89.6 billion in February, and trucks moved $53.6 billion of that, according to numbers released this week by the Department of Transportation this week.
April 24, 2014
Business
Truck tonnage up slightly in March, still ‘clawing out of hole’ from winter
Truck tonnage rose 0.6 percent in March from February, according to the American Trucking Associations’ monthly For-Hire Truck Tonnage Index, but tonnage is still trying to recoup losses caused by severe winter weather in December and January that sidelined freight movement.
April 22, 2014
Business
Diesel price jumps, snapping 6-week streak of drops
The national average price for a gallon of on-highway diesel jumped 1.9 cents in the week ended April 21 to $3.971, snapping a streak of six consecutive weekly drops that totaled 6.9 cents.
April 21, 2014
Business
Monday Money: Trucking, economic indicators in 5 slides
Truckload linehaul rates spiked in March, with the Cass Truckload Linehaul Index showing a 6 percent year-over-year increase – the largest in 35 months – and setting a new high. Intermodal traffic also continued to rise and a Federal Reserve survey confirms transportation demand has strengthened. Industrial production likewise has increased.
April 21, 2014
Business
Con-way Freight, ODFL, YRC Freight commit to uShip marketplace
Online freight marketplace uShip announced three top national LTL carriers – Con-way Freight, Old Dominion Freight Line and YRC Freight – have committed to uShip’s shipper-direct LTL spot rate marketplace.
April 17, 2014
Business
Diesel price continues fall, edges down fraction of a cent
The national average price for a gallon of on-highway diesel fell again in the week ended April 14, but its descent slowed some, dropping just seven-tenths of a cent to $3.952, according to the Department of Energy’s Energy Information Administration.
April 14, 2014
Business
Monday Money: 2014 capacity, demand and pricing outlook in 6 slides
The truck supply is running close to 100 percent utilization, and any combination of freight growth, productivity-draining regulations and bad weather makes for a capacity crisis, says economist Noël Perry. And guess what: The trucking industry is facing at least two of the three factors for the next couple of quarters.
April 14, 2014
Business
Diesel price expected to slide this summer by more than a dime
The average price of diesel should fall more than dime over the course of the summer, according to projections released this week by the Department of Energy, who expects diesel to average $3.87 a gallon this summer.
April 11, 2014
Business
Post.Bid.Ship: a spot market on steroids
In the early 1990s, Jarret Hamstreet started working at his father’s trucking company as a child. In the mid-to-late 90s, he noticed Internet-based load boards begin to appear. Later on, he decided to launch his own using the Priceline model for dynamic bidding and pricing.
April 10, 2014
Business
Q1 freight volume, spending finish strong; Q2 signals mixed, Cass report says
North American freight volume payment continued to climb in March, ending the first quarter of the year on a high note, according to the latest Cass Freight Index Report.
April 9, 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
Business
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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