Fleet Management

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April 24, 2015 - Industry News

Economic Watch: Durable Goods Orders Increase, Key Indicator Down Again

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

April 24, 2015 - Industry News

ATA Sticks to Fuel-Tax Hike as Best Trust Fund Fix

Photo: Jim Park

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

April 24, 2015 - Industry News

Covenant Transport Turns Finances Around

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

April 24, 2015 - Industry News

Landstar Reports Record Revenue, Earnings

Photo by Evan Lockridge

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

FMCSA May Reward Carriers for Going Beyond Safety Regs

Image: FMCSA

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

April 23, 2015 - Industry News

Economic Watch: New Homes Sales Mixed, Manufacturing Slows

Photo by Evan Lockridge

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

April 23, 2015 - Industry News

Acquisition Costs Cut Into Forward Air Income

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

April 23, 2015 - Industry News

Trucks Move More U.S.-NAFTA Freight, Overall Level Declines

Percent change in value of U.S.-NAFTA freight flows by mode: February 2014 - February 2015. Graphic: U.S. DOT

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

Buffalo Con-way Freight Workers Reject Teamsters

Photo via Con-way Freight

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

April 22, 2015 - Industry News

Werner Improves Income 61% in First Quarter

Photo by Evan Lockridge

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

April 22, 2015 - Industry News

Cass Truckload Index Hits Record High, Intermodal Index Mixed

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

April 22, 2015 - Industry News

Economic Watch: Existing Home Sales Spike in March

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

April 22, 2015 - Industry News

Knight Transportation Quarterly Profit Jumps 55.1%

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

April 22, 2015 - Industry News

Spot Freight Rates Drift Down Over Past Week

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

Truck Tonnage Positive Going into Spring Season

Graph via ATA Truck Tonnage Index

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/Decisiv Deal Aims to Improve Uptime

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

April 21, 2015 - Industry News

Echo Global Buys Command Transportation for $420 Million

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

Big Con-way Truckload Order Features Automated Transmissions

Infographic detailing the driver facing amenities of Con-way Truckload's newest trucks. Graphic via Con-way Truckload

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

April 20, 2015 - Industry News

Minn. Truckers File Suit Against Biodiesel Mandate

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

DOT Delays Speed-Limiter, Safety-Fitness Rules; ELD on Track

Image: FMCSA

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

April 17, 2015 - Industry News

Economic Watch: Inflation, Leading Indicators, Consumer Sentiment Increase

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

Fuel-Tax Bill Would Trigger Highway-Funding Fix

HDT FIle Photo

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

April 16, 2015 - Industry News

Economic Watch: Housing Starts Post 2% Gain in March

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

April 16, 2015 - Industry News

ATRI Seeks Carriers for Operational Costs Survey

The American Transportation Research Institute is seeking participation from carriers to update its 2014 Operational Costs of Trucking report.

Tags: Operating Costs, Survey, ATRI

April 16, 2015 - Industry News

Old Dominion Riding High as LTL Evolves

Photo: Old Dominion Freight Line

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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