April 24, 2015 - Industry News
Orders for big ticket, long lasting durable goods increased 4% in March, the biggest gain in eight months, but a key indicator of business investment fell for the second consecutive month.
Tags: Economy, Durable Goods
The American Trucking Associations remains committed to seeing a surface transportation package passed this year that will ensure a long-term fix for the Highway Trust Fund.
Tags: CSA, Highway Trust Fund, ELDs, Highway Bill, FMCSA, Regulations, American Trucking Associations
The holding company for trucking companies Covenant Transport and others moved to a profit from a loss in the first quarter of the year.
Tags: Fleets, Earnings, Covenant Transportation Group
Landstar System reported record first quarter diluted earnings per share of 67 cents on record first quarter revenue of $762 million.
Tags: Fleets, Earnings, Landstar System
April 23, 2015 - Industry News
The Federal Motor Carrier Safety Administration is seeking public comment on its potential development of a program that would take into consideration a motor carrier’s “proactive voluntary implementation of state-of-the-art best practices and technologies” when evaluating the company’s safety program.
Tags: FMCSA, Driver Safety, Highway Safety, Safety, CSA
Sales of new homes in the U.S. during March fell the most in more than 18 months following three straight monthly gains, according to the Commerce Department.
Tags: Economy, Manufacturing, Home Sales
Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue.
Tags: Fleets, Earnings, Forward Air
Freight movements between the U.S. and Canada and Mexico fell in February, hitting its lowest level in terms of value since 2011, according to new U.S. Transportation Department figures.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, Railroads, Surface Trade
April 22, 2015 - Industry News
The Teamsters union was defeated in a representation election at the Con-way Freight facility in Buffalo, N.Y. This marks the sixth election in which Con-way employees have voted against representation by the union.
Tags: Con-way Freight, Teamsters, Labor Unions
Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.
Tags: Werner Enterprises, Fleets, Earnings
A measure of truckload rates shows it hitting an all-time high in March, increasing 5.1% from the same time a year ago.
Tags: Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Truckload, Freight Rates
Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.
Tags: Economy, Home Sales
Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.
Tags: Fleets, Earnings, Knight Transportation
National average spot truckload rates drifted down during the week ending April 18 compared to the previous week, according to new figures from DAT Solutions and its network of load boards.
Tags: Spot Freight, Freight Rates, DAT Solutions
April 21, 2015 - Industry News
American Trucking Associations’ For-Hire Truck Tonnage Index increased by 1.1% in March marking the 5th monthly increase in the past 6 months.
Tags: ATA, Freight, Truck Tonnage Index
April 21, 2015 - Product News
NationaLease announced an agreement with Decisiv to provide its customers with fleet tracking and reporting capabilities. The maintenance platform will be called NationaLease Fleet 20/20.
Tags: Telematics, Maintenance Management, NationaLease, Decisiv, SRM
Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.
Tags: Fleets, Earnings, Mergers & Acquisitions, Echo Global Logistics
April 20, 2015 - Industry News
Con-way Truckload is buying 635 new twin-screw tractors equipped with automated manual transmissions -- a move that will more than double the AMTs to nearly half its fleet.
Tags: Freightliner, Driver Shortage, Con-way Truckload, Automated Manual Transmissions, Kenworth, Spec'ing
The Minnesota Trucking Association and others are suing the state trying to end its 10% biodiesel mandate.
Tags: Biodiesel, Minnesota, Litigation
April 17, 2015 - Industry News
A final rule mandating electronic logging devices will still be published in September, while publication of a proposed rule to mandate speed limiters and one to establish a carrier safety-fitness determination system have been delayed a month.
Tags: Electronic Stability Control, Speed Limiter, ELD, NHTSA, FMCSA, Driver Coercion, Regulations
Consumer prices moved up for the second straight month in March after falling during much of the winter, but remain at their lowest level in years.
Tags: Economy, Consumer Prices, Consumer Sentiment, Leading Economic Indicators
April 16, 2015 - Industry News
Bipartisan legislation introduced in the U.S. House Thursday would index the current federal gasoline and diesel fuel taxes to inflation, raising $27.5 billion to ensure highway-infrastructure spending is funded for exactly 1.7 years.
Tags: Congress, Fuel Tax, Highway Trust Fund, Highway Bill, Infrastructure Funding
Nationwide housing starts rose 2% in March, hitting an annual rate of 926,000 units, but it's not as much as many analysts were hoping.
Tags: Housing Starts, Economy
The American Transportation Research Institute is seeking participation from carriers to update its 2014 Operational Costs of Trucking report.
Tags: Operating Costs, Survey, ATRI
How has the less-than-truckload business changed over the past decade? Stifel Transportation & Logistics Research Group decided to explore that topic in a recent note to investors.
Tags: Old Dominion Freight Line, LTL, Stifel Nicolaus
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