Fleet Management

Economy

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May 26, 2017 - Industry News

Economic Growth: GDP Not as Weak as First Estimated; Factory Activity Slows

Growth in the U.S. economy during the first quarter didn’t slow as much as first estimated, according to government numbers released Friday, while separate reports showed weaker factory activity but continued high consumer sentiment.

Tags: Economy, GDP, Manufacturing, Factory Orders, Consumer Sentiment, Factory Shipments, Gross Domestic Product

May 24, 2017 - Industry News

Economic Watch: Existing and New Home Sales Slow

Sales of both existing and new homes fell in April, according to two separate reports, as the nation’s home supply continues tightening.

Tags: Economy, Home Sales

May 23, 2017 - Industry News

ATA April Truck Tonnage Drops for Third Month

Source: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire-Truck Tonnage Index slid 2.5% in April, marking the third straight month of declines.

Tags: Economy, ATA, Freight, Truck Tonnage, Truck Tonnage Index

May 23, 2017 - Industry News

Economic Watch: May Manufacturing Activity Eases, Says Preliminary Report

A surge seen early this year in the nation’s manufacturing sector continued to lose steam this month, hitting an eight-month low.

Tags: Economy, GDP, Manufacturing, Gross Domestic Product

May 23, 2017 - Industry News

Cross Border Freight Value Jumps Nearly 11%

U.S.-NAFTA freight value percent change from the previous year. Graphic: U.S. DOT

The value of freight moved between the U.S. and its next door neighbor countries has spiked as all five major transportation modes carried more cargo in March compared to the year before, according to new Transportation Department figures.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, NAFTA, Railroads

May 16, 2017 - Industry News

Economic Watch: Industrial Production, E-Commerce Jump; Home Starts Drop

Industrial production in the U.S. rose in April more than expected and by the fastest rate in more than three years, according to a new report issued Tuesday. Meanwhile, separate reports show e-commerce continues to boom but the building of new homes fell for the second straight month.

Tags: Economy, Retail Sales, E-commerce, Industrial Production, Manufacturing, Home Starts

May 12, 2017 - Industry News

Economic Watch: Retail Sales Bounce Back along with Inflation Pressures

Retail sales in the U.S. bounced back in April after falling the month before as two readings of inflation also rebounded, all raising the prospect that the Federal Reserve will increase interest rates again in June.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Wholesale Prices, Federal Reserve

May 10, 2017 - Industry News

For-Hire Freight Eases Back from Record High

Freight Transportation Services Index, March 2012 - March 2017. Graphic: U.S. DOT

After setting a new record high, a monthly gauge of freight moved by the nation’s for-hire transportation industry retreated, according to new Transportation Department figures.

Tags: Economy, Freight Index

May 8, 2017 - Industry News

Celadon Stock in Danger of Being Delisted from NYSE

Celadon Group announced that it has been notified by the New York Stock Exchange that it has failed to meet the exchange's listing standard, which could result in the company’s stock being delisted.

Tags: Economy, Financial Report, Celadon Group, Stock

May 5, 2017 - Industry News

Economic Watch: Unemployment Lowest in a Decade, Factory Orders Move Higher

Unemployment in the U.S. has fallen again, hitting its lowest level in a decade but minus any contribution from trucking in April, according to a new report released Friday. Meanwhile, a separate report shows some improvements in the nation’s struggling manufacturing sector.

Tags: Economy, Interest Rates, GDP, Unemployment, Manufacturing, Employment, Federal Reserve, Gross Domestic Product

May 1, 2017 - Industry News

Economic Watch: Manufacturing Growth Slows Along with Incomes, Construction

Activity in the nation’s manufacturing sector continued to throttle back in April from a near two-year peak earlier in 2017, but it continues to expand. Separate reports show drops in consumer spending and construction, but analysts remain generally optimistic about the entire year.

Tags: Economy, GDP, Manufacturing, Construction Spending, Personal Income, Personal Spending, Gross Domestic Product

April 28, 2017 - Industry News

Economic Watch: GDP Growth Slows, Positive Signs for Trucking Remain

The U.S. economy grew at the weakest rate in three years during the first quarter of 2017, according to an advanced estimate by the Commerce Department, but economists remain optimistic about future performance.

Tags: Economy, GDP, Gross Domestic Product

April 27, 2017 - Industry News

Trucking’s Share of Cross-Border Freight Declines

U.S.-NAFTA freight value percent change from previous year over past 24 months. Graphic: U.S. DOT

Trucking was not a part of the overall increase in the value of freight moved between the U.S. and its North American Free Trade Agreement partners during February, according to new Transportation Department figures.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Railroads, Surface Trade

April 27, 2017 - Industry News

Economic Watch: Equipment Spending Solid, New Homes Sales Brisk

New orders for long-lasting durable goods increased less than expected during March, according to a new Commerce Department report, but business investment on equipment appears to be solid following the rut it was in for nearly a couple of years.

Tags: Economy, Durable Goods, Manufacturing, Home Sales

April 21, 2017 - Industry News

Economic Watch: Conditions Not as Bad as Recent Hard Numbers Suggest

There are good indications the U.S. economy will further strengthen following recent reports that conditions slowed a bit in the first quarter of the year and at the beginning of the second quarter.

Tags: Economy, Interest Rates, Freight, GDP, Manufacturing, Home Sales, Leading Economic Indicators, Gross Domestic Product

April 18, 2017 - Industry News

Economic Watch: Weaker Numbers for Manufacturing, Housing

A measure of industrial production in the U.S. moved higher despite an easing in manufacturing, while the housing market also gave up some recent gains, according to reports issued Tuesday.

Tags: Economy, GDP, Industrial Production, Manufacturing, Housing Starts, Gross Domestic Product

April 17, 2017 - Industry News

Earnings Watch: J.B. Hunt First Quarter Profit Inches Higher

The first quarter earnings reporting season for trucking kicked off on Monday morning when multi-modal freight transportation provider J.B. Hunt Transportation Services Inc. released numbers showing slight improvements from the same time a year ago.

Tags: Economy, Intermodal, J.B. Hunt, Fleet Earnings

April 14, 2017 - Industry News

Economic Watch: Retail Sales Ease as Consumer Prices Drop Slightly

Retail sales fell for the second straight month during March, according to the Commerce Department on Friday. Separate reports showed consumer prices declined – but there are expectations that retail imports will continue to grow as the overall economy expands.

Tags: Economy, Retail Sales, GDP, Consumer Prices, Gross Domestic Product, Ports

April 12, 2017 - Industry News

For-Hire Freight Shipments Hit New Record High

Graphic: U.S. DOT

A measure of U.S. for-hire freight movements set another record high in February, according to new Transportation Department figures released Wednesday, following no change the month before.

Tags: Economy, Freight Index

April 7, 2017 - Industry News

Economic Watch: Trucking Helps Push Unemployment to Near 10-Year Low

While the number of jobs added in the U.S. slowed dramatically during March, trucking supplied a big part of the gain, according to Labor Department figures released Friday, helping push the unemployment rate down to almost a 10-year low.

Tags: Economy, Unemployment, Employment

April 5, 2017 - Industry News

Economic Watch: Private Employment Jumps, Service Sector Growth Slows

Private sector employers in the U.S. added the most jobs during March in more than two years, according to figures released Wednesday, while a separate reported showed economic activity in the service sector has eased a bit.

Tags: Economy, Non-Manufacturing, Employment

April 4, 2017 - Industry News

Economic Watch: Factory Orders, Trade Deficit Improve; Auto Sales Drop

Despite a possible sign auto sales may have plateaued, several economic reports this week continue to look strong, including factory-made goods and the U.S. trade deficit.

Tags: Economy, Factory Orders, Auto Sales, Factory Shipments, U.S. Trade

April 3, 2017 - Industry News

Economic Watch: Manufacturing Growth Slows; Construction Hits 11-Year High

Two indicators show that while the manufacturing sector of the economy continued to grow in March, its rate of growth was slower than the month before. Meanwhile, a separate report showed construction spending rebounded to a level that’s the highest in more than a decade.

Tags: Economy, Manufacturing, Construction Spending

March 27, 2017 - Industry News

Optimism Spurs Increased Heavy-Duty Truck Sales Predictions

Photo: Deborah Lockridge

There was a sense of optimism in the air at the Mid-America Trucking Show in Louisville, Kentucky, last week. As truck makers and suppliers made their presentations to the trucking press, many said thanks to solid economic indicators, truck orders are higher than they would have predicted just three to six months ago.

Tags: Economy, Class 8, Truck Sales, MATS

March 24, 2017 - Industry News

Schneider National Goes Public With IPO Announcement

Photo: Schneider

Schneider National announced the launch of its initial public offering of 28,947,000 shares of Class B common stock at an anticipated price of $18-$20 per share valued at up to $580 million.

Tags: Economy, IPO, Schneider National

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