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Economic trends: Page 77
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
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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
Business
Diesel price ticks up slightly, mirrors same week in 2013
The national average price for a gallon of on-highway diesel rose again this week, though only slightly, ticking up seven-tenths of a cent to $3.910, according to the Department of Energy’s Energy Information Administration.
January 6, 2014
Business
Class 8 orders surge in December, up 50% from Dec. 2012
Class 8 orders in December totaled 31,800, according to preliminary data released last week by ACT Research, marking a 50 percent improvement both over the same month in 2012 and from November 2013.
January 6, 2014
Business
Rates surge to close year, see solid year over year gains
Per-mile spot market rates in all three segments spiked in December, according to loadboard Internet Truckstop, closing a year in which rates surged to all-time highs and continually saw strong year over year gains.
January 3, 2014
Business
Shippers reluctant on accessorials; detention deals a possibility, survey says
With rate increases hard to come by, some carriers may hope to raise income through renegotiating assessorials – but customers are still unwilling to chip in for the little extras. On the brighter side, detention-time deals are on the upswing.
January 3, 2014
Business
Diesel climbs 3 cents, finishes 2013 where it started
The national average price for a gallon of on-highway diesel rose three cents in the week ended Dec. 30 to $3.903, according to the Department of Energy’s Energy Information Administration. That’s the highest price in three months, but just below average for the year and within a penny of the first report of 2013.
December 31, 2013
Business
Price of diesel makes tiny move upward, now down just 5 cents year over
The national average price for a gallon of on-highway diesel rose two-tenths of a penny in the week ended Dec. 23 to $3.873, according to the DOE. The price of diesel has now remained nearly stagnant in the last three weeks, changing just a fraction of a cent in each.
December 23, 2013
Business
Tonnage increase in November pushed tonnage index to another record high, ATA says
The amount of tonnage hauled by the for-hire trucking industry rose in November by 2.7 percent after declining in October by a downardly revised 2.8 percent, according to ATA. The index’s increases, however, are being spurred by sectors that produce heavy freight, like construction and auto sales, ATA says.
December 20, 2013
Business
Spot market comparatively strong in November, DAT index shows
Spot market freight availability remained strong in November compared to the year before, according to the DAT North American Freight Index. For the fifth consecutive month, freight availability continued to outpace levels seen in recent years – and during a time when volume typically declines, the report notes.
December 18, 2013
Business
Diesel price falls again, but only slightly
The national average price for a gallon of on-highway diesel fell again in the week ended Dec. 16, down eight-tenths of a penny (0.8 cents) to $3.871, according to the Department of Energy’s Energy Information Administration.
December 16, 2013
Business
As capacity remains tight, trucking conditions remain positive
Though the monthly Trucking Conditions Index (produced by FTR) sunk slightly in October, it still remained high, signaling good conditions for trucking companies. Moreover, FTR says, a rate boost seems imminent.
December 12, 2013
Business
Freight movement down in October, first time since June
Trucking was a drag on the overall amount of freight moved by for-hire transportation in October, according to the Department of Transportation’s monthly Freight Transportation Services Index, unveiled this week. The Index fell 0.7 percent from the all-time high set the month prior.
December 12, 2013
Business
Diesel still projected to see sharp price decline in 2014
The national average price for a gallon of diesel fuel is still expected to fall 12 cents in 2014 to $3.77 a gallon, according to the Department of Energy’s Energy Information Administration.
December 11, 2013
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