Fleet Management

Economy

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January 19, 2017 - Industry News

NAFTA Freight Value Up for Only Second Time in Nearly 2 Years

Percent change in value of U.S.-NAFA freight flows by mode in November 2016 compared to November 2015. Graphic: U.S. DOT

Newly released figures show the value of cross-border freight moved between the U.S. and its neighbors directly to the north and south increased in November for the only the second time in nearly two years, but trucking had the smallest gain.

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

January 19, 2017 - Industry News

J.B. Hunt Reports Higher Earnings, Revenue

J.B. Hunt Thursday reported higher profits for the final quarter of 2016 and for all of last year, driven by growth in its brokerage and dedicated segments.

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

January 13, 2017 - Industry News

Economic Watch: Retail Spending Helps Support Growth

Retail sales in the U.S. finished 2016 on a somewhat positive note, posting the fourth straight monthly gain, according to a new Commerce Department numbers released Friday. Separate reports show improvements in other key indicators important to trucking.

Tags: Economy, Retail Sales, Consumer Sentiment, Business Inventories

January 11, 2017 - Industry News

For-Hire Freight Volume Rises to Second Highest Level in 2 Years

Graphic: U.S. DOT

The amount of freight moved by the nation’s for-hire transportation sector rose 0.5% in November from the month before, according to new Transportation Department figures.

Tags: Economy, Freight Index

January 6, 2017 - Industry News

Economic Watch: Trucking Continues to Help Employers Add Jobs

The for-hire trucking industry was partly to thank for the 156,000 non-farm jobs additions in the U.S. during December, according to new Labor Department figures. A separate report shows manufacturing remains healthy despite small declines in new orders.

Tags: Economy, Unemployment, Manufacturing, Factory Orders, Employment, Factory Shipments

January 5, 2017 - Industry News

Cross-Border Truck Freight Value Falls Again

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

Trucking and two other freight transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in October 2016 compared to the same time a year earlier, according to a new Transportation Department report.

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

January 3, 2017 - Industry News

Economic Watch: Manufacturing Best in 2 Years, Construction Highest in 10 Years

Manufacturing in the U.S. ended 2016 on a high note, hitting its best level since 2014, according to two new reports, while separate data reveals construction spending in the country hit its highest level in a little more than a decade.

Tags: Economy, Manufacturing, Construction Spending

December 22, 2016 - Industry News

Economic Watch: Overall Growth Revised Higher, Business Investment Up

The economy expanded more than previously estimated in the third quarter, and separate reports offered up some relatively positive economic news just in time for the holidays.

Tags: Economy, GDP, Durable Goods, Home Sales, Leading Economic Indicators, Personal Income, Gross Domestic Product

December 16, 2016 - Industry News

Report: Overall Freight Shipping Levels, Rates Better than They First Look

Graphic: Cass Information Systems

While a measure of total U.S. freight shipments in October broke a string of being in negative territory for 20 months, November fell back while separate reports for the month show an improvement in intermodal rates for the second consecutive month while truckload linehaul rates turned lower.

Tags: Economy, Railroads, Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates, Cass Freight Index

December 16, 2016 - Industry News

Economic Watch: Manufacturing at 21-Month High, Other Indicators Strong

U.S. manufacturers reported a strong end to 2016, with business conditions improving at the fastest pace since March 2015. And separate reports show consumer prices are rising and housing remains strong, despite a pullback from a multi-year high.

Tags: Economy, Interest Rates, Manufacturing, Consumer Prices, Housing Starts, Federal Reserve

December 14, 2016 - Industry News

Fed Hikes Interest Rates for Second Time in Decade

Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.

Tags: Economy, Retail Sales, Interest Rates, Industrial Production, Manufacturing, Federal Reserve

December 14, 2016 - Industry News

Trucking Helps For-Hire Freight Movements Bounce Back

Freight Transportation Services Index, October 2011-October 2016. Graphic: U.S. DOT

The amount of for-hire freight moved in the U.S. increased following two months of declines, according to new Transportation Department figures.

Tags: Economy, Freight, Freight Index

December 6, 2016 - Industry News

Diesel, Oil Prices Expected to Jump Around 17% Next Year

Final government forecasts for diesel, gasoline and oil prices before 2017 gets underway are in with two of the three calling for double-digit percentage hikes compared to this year.

Tags: Diesel Prices, Gasoline Prices, U.S. Department of Energy, Crude Oil Prices, Economy, Fuel Prices, Forecast

December 2, 2016 - Industry News

Economic Watch: Unemployment Lowest Since Great Recession

Unemployment in the U.S. continued falling in November, hitting its lowest level since 2007, according to Labor Department figures issued Friday, as the trucking industry also contributed to some of the job additions.

Tags: Economy, Interest Rates, Unemployment, Employment, Federal Reserve

December 1, 2016 - Industry News

Economic Watch: Manufacturing, Construction Post Impressive Gains

In another sign the U.S. economy is gathering more steam, two reports released Thursday morning showed a strong rebound in the nation’s manufacturing sector while another indicated construction remains strong following earlier positive indicators.

Tags: Economy, Manufacturing, Construction Spending

November 29, 2016 - Industry News

Value of Cross-Border Freight Falls Following One-Month Gain

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

The value of freight movements between the U.S. and its two next door neighbors moved back into negative territory following the first year-over-year increase since late 2014.

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

November 29, 2016 - Industry News

Economic Watch: GDP Posts Biggest Jump in 2 Years, Consumer Confidence Soars

Overall U.S. economic growth increased more in the third quarter of the year than first projected, according to a new Commerce Department report, and will likely pave the way for an interest rate hike in December.

Tags: Economy, GDP, Consumer Confidence, Consumer Sentiment, Gross Domestic Product

November 28, 2016 - Industry News

Cass Freight Measures Post First 2016 Gains

Two measures of freight shipping posted their first year-over-year improvements in more than 12 months, indicating there has been more than the usual fall surge in shipment volume.

Tags: Economy, Railroads, Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates, Cass Freight Index

November 17, 2016 - Industry News

Economic Watch: Latest Numbers Make Interest Rate Hike More Likely

New government numbers show housing starts in the U.S. surged in October, as a measure of consumer prices also rose, likely paving the way for the Fed to raise interest rates before the year is out.

Tags: Economy, Interest Rates, Consumer Prices, Housing Starts, Federal Reserve

November 17, 2016 - Industry News

Earnings Watch: Patriot Profit Higher, Others Mixed

Third-quarter financial reports from fleets and equipment makers continue to reflect a tepid freight environment.

Tags: Patriot Transportation, Cummins, Cummins Westport, Westport, Fleet Earnings, Quarterly Earnings, Economy, Radiant Logistics

November 16, 2016 - Industry News

Economic Watch: Growth Continues, Sluggish in Some Areas

While the amount of U.S. industrial production was unchanged in October after falling 0.2% in September, manufacturing managed to squeeze out a gain, as optimism in the housing market continued amid signs of slower than usual growth.

Tags: Economy, Industrial Production, Manufacturing, Wholesale Prices, Producer Prices, Home Building

November 15, 2016 - Industry News

Economic Watch: Retail Sales Surge, Up 4.3% Over Past Year

Retail sales in the U.S. jumped in October, according to Commerce Department figures released Tuesday, surpassing analysts’ expectations.

Tags: Economy, Retail Sales, Business Inventories

November 9, 2016 - Industry News

For-Hire Freight Shipments Fall for Second Straight Month

Freight Transportation Services Index, September 2011 - September 2016. Graphic: U.S. DOT

A new U.S. Transportation Department report shows the total amount of for-hire freight moved in the country fell 0.6% in September from the month before, the second consecutive monthly drop.

Tags: Economy, Railroads, Intermodal, Freight Index

November 4, 2016 - Industry News

Economic Watch: Trucking Helps Boost Overall Employment, Factory Activity Up

Employers continued adding jobs in the U.S. during October, according to a new Labor Department report, and trucking was one of many industries that helped push the number higher.

Tags: Economy, Interest Rates, Unemployment, Factory Orders, Employment, Federal Reserve, Factory Shipments

November 4, 2016 - Industry News

Earnings Watch: USA Truck Reports Quarterly Loss

The trucking company USA Truck reported on Friday that its financial picture turned slightly negative in the third quarter of the year as it continues to move to a more asset-light business

Tags: Economy, USA Truck, Fleet Earnings

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