Fleet Management

Economy

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July 6, 2012 - Industry News

Trucking Adds 2,000 Jobs in June

Trucking added 2,000 for-hire jobs in June after adding 7,300 jobs in May. June numbers are up 3.1% from one year ago, according to data from the U.S. Bureau of Labor Statistics.

Tags: Economy

July 5, 2012 - Industry News

Class 8 Preliminary Net Orders Remain Soft; Classes 5-7 Fall Below Trend

North American Class 8 commercial vehicle preliminary net orders for June remained soft, according to two major industry research firms.< net="" orders="" for="" classes="" 5-7="" also="" fell="" below="" trend,="" but="" the="" decline="" was="" expected,="" as="" medium-duty="" activity="" typically="" tapers="" off="" during="" the="" summer="">

Tags: Economy

July 3, 2012 - Industry News

May Used Class 8 Truck Sales Slide, Dealer Inventories Shrink

May showed a continued decline in the availability of low-mileage used heavy-duty trucks, according to analysts with Great American Group LLC. According to the American Truck Dealers and Used Truck associations, the average mileage for May was 560,000 miles, which is a historic high compared to a year ago, when the average mileage was 514,000 miles

Tags: Economy

June 27, 2012 - Industry News

Carriers Reluctant to Add Capacity as Shippers Seek Longer Term Options

Carriers are still reluctant to add capacity, according to results from Transport Capital Partners' Second Quarter 2012 Business Expectations Survey. Seventy-one percent of carriers expect to add little or no capacity, a slight increase from last quarter's 65%

Tags: Economy

June 26, 2012 - Industry News

Class 8 Used Truck Prices Should Continue to Appreciate in 2012

The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6% month over month but 3% above the average price in May 2011. On a year-to-date basis, prices remained 13% above last year's pace, according to ACT Research Co

Tags: Economy

June 26, 2012 - Industry News

April Surface Trade with Canada, Mexico Up 8.2% Year over Year

Trade using surface transportation between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, was 8.2% higher in April 2012 than in April 2011, totaling $79.8 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.

Tags: Economy

June 25, 2012 - Industry News

Trailer Orders Fall in May

Trailer industry orders softened in May, reports ACT Research Co. Given that orders in May have fallen below April volumes in 10 of the past 12 years, the decline was anticipated

Tags: Economy

June 21, 2012 - Industry News

Low Confidence Causes Weak Orders, Says ACT Research

In an environment that should support healthy demand, ACT Research says a lack of confidence by the credit-buyer side of the market is at the root of the three-month downturn experienced in the Class 8 market

Tags: Economy

June 19, 2012 - Industry News

Tonnage Down 0.7% Month Over Month, Up 4.1% Year Over Year

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index dropped 0.7% in May after falling 1.1% in April.

Tags: Economy

June 18, 2012 - Industry News

Truckable Economic Activity Up in 1Q 2012

Truckable Economic Activity, a trucking-specific economic indicator developed by MacKay & Company, posted another advance in the first quarter of 2012, paced by gains in four of its five components.

Tags: Economy

June 14, 2012 - Industry News

Used Prices on Class 8 Sleeper Tractors Continue to Rise

Retail prices for Class 8 sleeper tractors continued to rise from January through April, despite average mileage near record highs, says Chris Visser, senior analyst with the American Truck Dealers' Commercial Truck Guide, a division of the National Automobile Dealers Association

Tags: Economy

June 14, 2012 - Industry News

U.S. Supply Chain and Logistics Industry Rebound Led by Trucking, Rail

Total U.S. business logistics costs in 2011 rose to $1.28 trillion, a 6.6% increase from the previous year and accounting for 8.5% of the U.S. gross domestic product, according to the Council of Supply Chain Management Professionals' 23rd Annual "State of Logistics Report," presented by Penske Logistics

Tags: Economy

June 13, 2012 - Industry News

Freight Shipments Up 0.2% from March to April

The amount of freight carried by the for-hire transportation industry rose 0.2% in April from March, rising after a one-month decline, according to the U.S. Department of Transportation's Bureau of Transportation Statistics' Freight Transportation Services Index

Tags: Economy

June 13, 2012 - Industry News

Truckload Driver Turnover Pushes Higher in First Quarter

After a one quarter reprieve, the annualized turnover rate for large truckload fleets rose slightly in the first quarter of 2012 while small truckload fleets saw a tremendous surge in turnover, according to American Trucking Associations' Chief Economist Bob Costello

Tags: Economy

June 12, 2012 - Industry News

ACT Lowers 2012 Class 8 Build Forecast

ACT Research lowered its Class 8 build expectations for the second half of the year due to continuing softness in demand. Expectations for medium-duty build were unchanged

Tags: Economy

June 8, 2012 - Industry News

Polk: First Quarter Used Commercial Vehicle Registrations Fall

Used Class 3-8 commercial vehicle registrations fell 26.7% from the same period last year, to 164,024 units, according to a recent Polk report

Tags: Economy

June 8, 2012 - Industry News

FTR's Trucking Conditions Index Moves Upward

FTR's Trucking Conditions Index for April moved significantly higher from the previous month, climbing 2.7 points to a favorable reading of 9.1

Tags: Economy

June 6, 2012 - Industry News

Economist Offers Mixed News at Vision Conference

Infrastructure spending could help the economy, but such a measure is not likely to make it through the current Congress, Gin said.

The economy is growing, albeit not enough to put a major dent in unemployment, says one economist, who also believes international events may have more influence on the U.S. economy than President Obama

Tags: Economy

June 5, 2012 - Industry News

Truck Orders up Moderately in May

After four months of decline, North American Class 8 truck orders took a modest upturn in May. Order activity is not where many hoped it would be at this point in the recovery, but analysts say the industry is still relatively healthy

Tags: Economy

June 1, 2012 - Industry News

Trucking Adds 7,300 Jobs in May, National Job Growth Stalls

The trucking industry added 7,300 for-hire trucking jobs in May, an increase from 1.3 million jobs in April and a 3.4% increase from a year ago

Tags: Economy

May 30, 2012 - Industry News

March Surface Trade with Canada and Mexico Exceeds $85 Billion for First Time

Surface trade between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, was 6.2% higher in March 2012 than in March 2011, totaling $85.8 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation

Tags: Economy

May 29, 2012 - Industry News

New Vehicle Registrations Up 26% from 1Q 2011

New commercial vehicle registrations for Class 3-8 vehicles for the first quarter of 2012 were up 26.6% to 129,755 units from the 102,521 units registered during the first quarter of 2011

Tags: Economy

May 29, 2012 - Industry News

Canadian Government Legislates End to Canadian Pacific Strike

CP yards, like Regina Sask., could begin emptying out as early as the weekend, but resumption of full service could take several weeks. Photo by Jim Park

As the labor dispute at Canadian Pacific Railway enters its eighth day, Canadian federal labor minister, Lisa Raitt has tabled back-to-work legislation that could force striking workers back to their jobs as early as Thursday

Tags: Economy

May 29, 2012 - Industry News

Class 8 Used Truck Volumes Down, Pricing Up in April

Used truck prices are staying high thanks to sharp increases in the cost of new trucks. Photo by Jim Park

April saw a turnaround in the trend of the prior two months in the used Class 8 truck market as volumes sank and pricing rose, according to State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research Co

Tags: Economy

May 24, 2012 - Industry News

Housing, Manufacturing Numbers Good News for Trucking

Two key economic indicators that affect trucking freight, housing starts and industrial production, exceeded expectations in April

Tags: Economy

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