August 3, 2015 - Industry News
With record second-quarter revenue, ArcBest's net income rose to $20 million, or 74 cents per diluted share, from $17.2 million, or 64 cents per diluted share a year earlier.
Tags: Economy, ABF, ArcBest Corp., Fleet Earnings, LTL
July 30, 2015 - Industry News
The first reading on how well the American economy performed in the second quarter of the year shows it accelerated well ahead of the first quarter pace, according to the U.S. Commerce Department.
Tags: Economy, GDP
UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.
Tags: Economy, Old Dominion Freight Line, Fleet Earnings
July 29, 2015 - Industry News
Five more trucking companies have reported quarterly earnings – but not all showed gains over a year ago.
Tags: Economy, Con-way Freight, Celadon Group, Roadrunner Transportation, Con-way Truckload, Heartland Express, Saia, Con-way Inc., Fleet Earnings
July 28, 2015 - Industry News
UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
Tags: Economy, Consumer Confidence, Non-Manufacturing
Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
Tags: Economy, UPS, UPS Freight, Fleet Earnings
Truck engine manufacturer Cummins increased both second quarter revenue and net income, while truck and engine maker Paccar reported record quarterly net income.
Tags: Economy, Cummins, Earnings, Paccar, Peterbilt, Kenworth
July 27, 2015 - Industry News
Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.
Tags: Economy, Swift Transportation, Fleet Earnings, Truckload
New orders and shipments for manufactured durable goods rebounded in June following two straight monthly drops, while business investment also turned around, according to the Commerce Department.
Tags: Economy, Durable Goods, Manufacturing
July 24, 2015 - Industry News
Sales of newly built, single-family homes in the U.S. dropped 6.8% in June from the previous month but are still up 18% over last year.
Tags: Economy, Manufacturing, Home Sales
The asset-light freight transportation and logistics provider Universal Truckload Services reported second quarter net income of $13.3 million, down just slightly from $13.6 million a year earlier.
Tags: Economy, Universal Truckload, Fleet Earnings
July 23, 2015 - Industry News
Earnings season continued on Thursday, with results reported by the world’s largest truck manufacturer along with results from one component supplier and a major owner-operator trucking company.
Tags: Economy, Daimler Trucks, Daimler AG, Dana Holding Corp., Earnings, Dana, Landstar System, Fleet Earnings
A measure of where the American economy is headed in the next three to six months increased again, according to figures released on Thursday.
Tags: Economy, The Conference Board, Leading Economic Indicators
July 22, 2015 - Industry News
Earnings Watch: Two primarily truckload carriers, Knight and Covenant, saw higher profits in the second quarter, but lawsuit-related expenses kept Knight from reporting more.
Tags: Economy, Covenant Transport, Knight Transportation, Covenant Transportation Group, Fleet Earnings
Economic Watch: Existing-home sales increased in June to their highest pace in over eight years, according to figures released Wednesday by the National Association of Realtors, while a separate report shows post-recession industrial production levels are not as strong as earlier thought.
Tags: Economy, Industrial Production, Home Sales, Federal Reserve
July 21, 2015 - Industry News
Two freight transportation providers, Forward Air and Hub Group, along with dealer group Rush Enterprises, saw second quarter earnings drop.
Tags: Economy, Rush Truck Centers, Rush Enterprises, Earnings, Forward Air, Hub Group, Truck Dealers, Fleet Earnings
July 20, 2015 - Industry News
Truckload and logistics provider Werner Enterprises reported record profit for the second quarter of the year on slightly lower revenue as it continues to make progress in implementing rate increases.
Tags: Economy, Werner Enterprises, Fleet Earnings
July 19, 2015 - Industry News
Conditions for the U.S. housing market look better than they have in years, according to two reports released late last week.
Tags: Economy, Home Starts, Home Building
J.B. Hunt Friday announced an increase in its second quarter 2015 net earnings to $103.4 million, or diluted earnings per share of 88 cents.
Tags: Intermodal, J.B. Hunt, Fleet Earnings, Economy
Consumer prices increased in June from the month before, in positive territory for the first time this year, according to the U.S. Labor Department. A separate report shows consumers' feeling about the economy a just a little less hot than earlier.
Tags: Economy, Consumer Confidence, Consumer Prices, Inflation, Consumer Sentiment
July 16, 2015 - Industry News
The amount of freight moved and how much shippers paid recovered somewhat in June in the U.S., but both are below levels from a year ago, according to the latest Cass Freight Index report.
Tags: Economy, Freight, Cass Freight Index
July 15, 2015 - Industry News
A measure of base linehaul truckload rates show increases last month while intermodal rates fell for the sixth straight month, according to reports released Wednesday.
Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates
Wholesale prices advanced 0.4% in June, according to the U.S. Labor Department, more than many analysts were expecting.
Tags: Economy, Industrial Production, Department of Labor, Producer Prices
July 14, 2015 - Industry News
Economic Watch: Retail sales in the U.S. eased up in June, according to a new Commerce Department report, while previous month's figures were revised lower.
Tags: Economy, Retail Sales
July 13, 2015 - Industry News
FTR’s Trucking Conditions Index measure for May dropped to a three-year low of 4.91 due to softer capacity, pricing, and fuel prices. The index is expected to move into significantly more positive territory as the anticipated regulatory drag in 2016 and 2017 dramatically tightens capacity.
Tags: Trucking Conditions Index, Economy, FTR
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