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Economic trends: Page 78
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
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March 1, 2026
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
Business
NAFTA trade up 5 percent year over year in September, truck trade dominates
The amount of freight transported between the U.S. and its North American Free Trade Agreement partners Canada and Mexico was 5 percent higher in September of this year than the same month in 2012, and trucks carried almost 60 percent of that.
December 10, 2013
Business
Van, reefer rates get boost from holidays, flatbed dinged by weather
The per-mile flatbed rate on the spot market hit its lowest monthly average in November since March, according to Internet Truckstop, while reefer and dry van saw jumps spurred by the holidays.
December 9, 2013
Business
Diesel price falls slightly, ends two-week streak of increases
So ends the latest streak of weekly diesel price increases — the national average price for a gallon of on-highway diesel fell in the weekended Dec. 9 a fraction of a cent to $3.879 a gallon.
December 9, 2013
Business
Monday Money: Freight slows, rates hold in Nov.; intermodal sets record
End-of-the-year freight activity lived down to expectations in November, while spot rates held and intermodal traffic set a volume record for the month.
December 9, 2013
Business
Class 8 orders top 20k in November, still holding in ‘OK’ pattern
In what ACT Research is calling the “Great OK” for truck orders, preliminary data suggests Class 8 orders will be about 21,200 in November, ACT reports. FTR Associates has reported similar numbers. Both report slow growth, but positive year-over-year data.
December 6, 2013
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