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Economic trends: Page 74
Business
January truck orders far exceed expectations, up more than 50% year over year
Class 8 truck orders were above the 30,000 mark for the second consecutive month in January for the first time since 2006, according to preliminary data released this week by FTR and ACT Research, signaling “very positive” signs for the industry and for freight.
February 6, 2014
Business
Rates drop in all three segments in January, still strong and up big year over year
Per-mile spot market rates in all three segments — flatbed, reefer and dry van — fell in the first month of the year from December’s rates, according to data released this week by Internet Truckstop. Compared to Jan. 2013, however, rates are up as much as 30 cents in one segment.
February 5, 2014
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July 7, 2025
Business
Nearly two-thirds of fleet execs plan to place truck orders this quarter, survey says
Of fleet executives questioned in a recent survey, 62 percent said they intended to place orders for Class 8 trucks in the next three months, and 48 percent said they planned to make trailer orders.
February 4, 2014
Business
Diesel sees biggest jump in 5 months, nearing $4
The national average diesel price in the week ended Feb. 3 spiked 4.7 cents to $3.951, the largest week to week increase since Sept. 2 and the second largest in nearly a year, when the price rose 5.3 cents in the week ended Feb. 18.
February 3, 2014
Business
NAFTA trade via truck rises as overall trade freight continues to climb
Of November 2013’s $96 billion in NAFTA trade, trucks carried 60 percent. Moreover, trucking was one of three modes of transportation (out of 5) to see a year over year increase in NAFTA freight transported in the month.
February 3, 2014
Business
Loads, rates fall on spot truckload market due partly to weather, DAT reports
Both the amount of loads available and freight rates fell in the week ended Jan. 25, according to DAT Trendlines, as the arctic blast from the “polar vortex” event earlier this month and other blasts of cold air stymied a strong start to January.
January 29, 2014
Business
2014 Trucking Outlook: 4 key challenges facing trucking industry growth
There is plenty of reason for optimism in trucking as we embark on a new year. However, there still are plenty of challenges facing carriers that are impeding – or halting altogether – their ability to grow. Here is a look at the top four challenges respondents to the survey said they will face this year.
January 28, 2014
Business
Truck orders up 17 percent in December, up 50 percent year over year
Class 8 orders in December hit their highest point since March 2006 en route to a 50 percent year over year gain and a 50 percent gain over November, according to preliminary data released last week by ACT Research. Trailer orders fell in 2013 by 2 percent.
January 27, 2014
Business
Diesel price rises 3.1 cents, continues to bounce
The national average price for a gallon of on-highway diesel rose in the week ended Jan. 27 3.1 cents to $3.904, climbing after two weeks of price drops, according to the Department of Energy’s Energy Information Administration.
January 27, 2014
Business
Trucking conditions down in November but remain ‘healthy,’ FTR says
The monthly Trucking Conditions Index produced by FTR saw a 20 percent drop in November from October, down to 7.01, but even with the decline, the environment for trucking companies is still positive, the research firm reported this week. FTR also says indicators point to 2014 being a strong year.
January 24, 2014
Business
Tonnage sees best year in 2013 since late ’90s following December increase
Truck tonnage in 2013 increased 6.2 percent over 2012, driven by a surge in November and a small bump in December, making the year the best for tonnage since 1998, says the American Trucking Associations, who released its monthly For-Hire Truck Tonnage Index this week.
January 22, 2014
Business
Diesel price falls 1.3 cents, gains more downward momentum
The national average price for a gallon of on-highway diesel now has fallen nearly 4 cents in the last two weeks, falling 1.3 cents in the week ended Jan. 20 to $3.873, according to the Department of Energy’s Energy Information Administration.
January 21, 2014
Business
Spot market loads up 74 percent in most recent week, while rates fall
Rates in all three segments fell in the most recent week, according to data released Jan. 15 by DAT, while the number of loads on the spot market jumped 74 percent in the first full week since the holiday season ended.
January 15, 2014
Business
Freight shipments rise again in Nov., push DOT freight index to another all-time high
For-hire transportation carried 1.2 percent more freight in November than it did in October, according to the DOT. The increase again pushed the BTS’ Freight Transportation Services Index to an all-time high. The index benefited from growth in tonnage-intensive industries, however, like construction and fracking.
January 15, 2014
Business
Diesel price sees biggest fall since early November, down 2.4 cents
The national average price for a gallon of on-highway diesel fell in the week ended Jan. 13 for the first time since the middle of December, declining 2.4 cents to $3.886 a gallon, according to the Department of Energy. That drop is also the largest since a 2.5-cent drop Nov. 11, and is the third largest drop since a 3.6-cent drop in the week ended April 29.
January 14, 2014
Business
1. Driver availability (49.3%)
In early 2011, driver availability surged past freight pricing, freight volume and fuel costs to grab the top concern of fleet executives in the monthly Randall-Reilly MarketPulse survey and has remained there since. The responses from participants in the CCJ 2014 Economic Outlook survey certainly back that trend. According to the November 2013 MarketPulse survey, […]
January 13, 2014
Business
2. Freight pricing (13.6%)
Freight pricing was relatively flat in 2013, and FTR projects that capacity will remain only at modest levels through the first half of 2014 and freight demand will increase only slightly over the next several months. Bob Costello, chief economist and vice president for the American Trucking Associations, says revenues for the entire truckload industry […]
January 13, 2014
Business
Monday Money: Carriers to add capacity; freight indices mixed
The economy is like the weather: If you don’t like it, stick around – it will change. Here’s a roundup of several recent partly-cloudy reports covering carrier capacity plans and freight volumes.
January 13, 2014
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