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Economic trends: Page 77
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
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March 1, 2026
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
Business
Trucking adds 100 payroll jobs in December, economy’s total gains below expectations
The for-hire trucking industry added only 100 new payroll jobs on a net basis in December, according to latest figures from the BLS. But the final month of 2013 had a tough act to follow: the industry added 8,400 jobs in November. The trucking jobs total had been essentially flat since April.
January 10, 2014
Business
Rates edge up as loads spike and capacity tightens
Spot market rates according to loadboard DAT mostly rose in the first week of the year, as flatbed rates rose 0.9 percent to $2.17 and reefer rates rose to $2.13. Van rates were flat at $1.95 a mile. Capacity, however, tightened as the load-to-truck ratios saw big year over year increases.
January 8, 2014
Business
2014 diesel forecast upwardly revised, still expected to fall a dime in both ’14, ’15
As supply growth is expected to exceed growth in demand, the Department of Energy predicts the average price of diesel in 2014 to fall 11 cents to $3.81 and to fall in 2015 another 9 cents to $3.72.
January 7, 2014
Business
NAFTA trade breaks record — tops $100B — as trucks carry $61B
The amount of freight carried to and from the United States and its NAFTA partners exceeded the $100 billion mark in October for the first time, reaching $103.1 billion. Trucks carried $61.4 billion of that, according to the DOT.
January 7, 2014
Business
Truck orders see best December in 8 years, surge to close year
Preliminary data released from FTR this week shows Class 8 truck orders surged in December, spiking to 31,506 and rising 50 percent from November. This is the first month since April 2011 that truck orders topped 30,000, FTR says.
January 7, 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
Class 8 truck orders surge 159% in February, signaling cyclical recovery
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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