Fleet Management

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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: 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

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: 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, Driver Coercion, FMCSA, 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

April 15, 2015 - Industry News

Ports Must Adapt to Volume, Says N.J. Trucking Association

Addressing the monumental traffic backups at the Ports of New York and New Jersey, the New Jersey Trucking Association called on the ports to adapt to the higher volume and increase gate hours.

Tags: Traffic Congestion, Ports, Port Trucking, Port of New York and New Jersey, Intermodal

April 15, 2015 - Industry News

Savannah Port Sees All-Time Record Cargo in March

A truck moves past a stack of containers at the Georgia Ports Authority Garden City Terminal near Savannah, Ga. Photo: Georgia Ports Authority/Stephen B.Morton

The Port of Savannah moved 333,058 TEUs in March, setting a single-month record that surpassed its previous high set in October 2014 by more than 21,000 TEUs.

Tags: Freight, Ports, Capacity, Port of Savannah, Intermodal

April 15, 2015 - Industry News

Economic Watch: Industrial Production Weakens, Homebuilder Optimism Up

For the first quarter of 2015 this measure of the total activity at the nation’s factories, mines and utilities declined at an annual rate of 1%, the first quarterly decrease since the second quarter of 2009.

Tags: Economy, Industrial Production, Home Building

April 15, 2015 - Industry News

Spot Market Flatbed Rates Continue Moving Higher as Vans, Reefers Pause

Graphic: DAT

Rates on the spot freight market continue crawling slowly upward in the flatbed sector but remain stagnant in the other two major categories.

Tags: Spot Freight, Freight Rates, DAT Solutions

April 15, 2015 - Industry News

Profit Nearly Doubles for Marten Transport

Photo by Evan Lockridge.

Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.

Tags: Earnings, Marten Transport

April 14, 2015 - Industry News

Cass Freight Index Shows Increasing Shipments, Spending

North American freight volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports, according to the latest readings of the Cass Freight Index.

Tags: Economy, Intermodal, Freight Rates, Freight Volume, Cass Freight Index

April 14, 2015 - Industry News

Economic Watch: March Wholesale Prices, Retail Sales Move Higher

Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.

Tags: Economy, Retail Sales, Producer Prices

April 14, 2015 - Industry News

J.B. Hunt Reports Nearly $92 Million Profit

Photo: DangApricot via WIkimedia Commons

J.B. Hunt Transport Services Inc. announced on Tuesday first quarter 2015 net earnings of $91.9 million, or diluted earnings of 78 cents per share, compared to first quarter 2014 net earnings of $68.7 million, or diluted earnings of 58 cents per share.

Tags: J.B. Hunt, Earnings

April 13, 2015 - Industry News

Momentum Favors the Economy This Year

Photo: CSCMP

Despite the slowing of economic growth late last year on into this year, the economy will pick up steam over the rest of this year, according to the State of Logistics Report Quarterly Update.

Tags: Railroads, Intermodal, Truck Tonnage, GDP, Logistics, State of Logistics Report

April 13, 2015 - Industry News

Trucking Conditions Index Drops As Capacity Utilization Softens

FTR's Trucking Conditions Index Graph showing this year's numbers compared with 2014. Graph via FTR

The FTR Trucking Conditions Index for February fell slightly in February to a reading of 7.4, reflecting a softening capacity utilization caused by fluctuating diesel prices and the suspension of controversial provisions of the 34-hour restart.

Tags: HOS, FTR, Trucking Conditions Index, Freight Capacity, Freight Rates, Hours of Service

April 13, 2015 - Industry News

GE to Sell Fleet Management Unit by 2018

General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.

Tags: GE Capital Fleet Services, Fleet Management Companies, Mergers & Acquisitions, Equity Markets, GE Capital

April 13, 2015 - Industry News

March Spot Freight Rates Up from Previous Month, Year Earlier

Graphic: DAT Solutions

Rates on the spot freight market posted gains last month compared to February and the same time a year earlier, according to the latest reading of the DAT North American Freight Index, based on activity from its load boards.

Tags: Spot Freight, Freight Rates, DAT Solutions

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