Fleet Management

Economy

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March 16, 2016 - Industry News

Earnings Watch: FedEx Profit Falls, Adjusted Earnings Up

Trucking and parcel delivery company FedEx Corp. on Wednesday reported lower quarterly profits, but adjusted earnings were better than expectations.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, Economy, FedEx

March 15, 2016 - Industry News

Port Traffic Expected to Return to Normal Patterns

Photo courtesy the Port of Long Beach

Import cargo volume at the nation’s major retail container ports should see its traditional buildup toward the summer, despite difficult comparisons with last year’s unusual patterns, according to one report.

Tags: Economy, Intermodal, Ports

March 15, 2016 - Industry News

Economic Watch: Retail Sales Slip Again, Key Price Indicator Rises

Retail sales in the U.S. fell for the second consecutive month during February, according to a new preliminary Commerce Department report, raising some concerns about overall economic growth this year.

Tags: Economy, Retail Sales, Interest Rates, Ports, Wholesale Prices, Port Trucking, Federal Reserve, Producer Prices

March 10, 2016 - Industry News

Freight Shipments, Spending Rebound Somewhat

The number of North American freight shipments and the amount of expenditures both posted strong increases in February from the month before, according to newly released Cass Freight Index figures.

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

March 4, 2016 - Industry News

Economic Watch: Employment Improves Despite Trucking Losses

Gains in total U.S. employment remain strong, with a new report showing non-farm payrolls increased in February from the month before. A renowned economist said this week the U.S. economic picture is one of the brightest on the world’s economic stage.

Tags: Economy, Unemployment, Employment

March 3, 2016 - Industry News

Economic Watch: Factory Activity Turns Around, ‘Beige Book’ Improves

New factory orders and shipments rebounded at least somewhat in January, while measures of business investment and inventories also improved, according to new Commerce Department figures.

Tags: Economy, Factory Orders, Non-Manufacturing, Federal Reserve, Factory Shipments

March 2, 2016 - Industry News

Economic Watch: Employers Add Another 200,000 Plus Jobs

Employment in the private sector jumped again in February, mainly led by the service industry, while recent weakness in manufacturing translated into a loss of jobs.

Tags: Economy, Unemployment, Employment

March 1, 2016 - Industry News

Economic Watch: Manufacturing Remains Weak, Construction Booming

Economic activity in the nation’s manufacturing sector showed only slightly better signs of life in February and remains tepid, but construction spending in January hit it highest level since 2007, according to newly released reports.

Tags: Economy, Manufacturing, Construction Spending

February 26, 2016 - Industry News

Lower Oil Prices Push Down Cross-Border Freight

Percent change in value of U.S.-NAFTA freight flows by mode: December 2014 - 2015. Graphic: U.S. DOT

Large declines in the value of oil and other petroleum-related products during 2015 was reflected in a lower value of cross-border freight movements between the U.S. and its neighbors, according to new Transportation Department figures.

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

February 26, 2016 - Industry News

Economic Watch: GDP Improves; Capital Spending, Consumers Rebound

Following a raft of disappointing economic news, there are new encouraging signs about the health of the American economic, with improvements in some of the most closely watched measures – including the beleaguered manufacturing sector.

Tags: Economy, GDP, Durable Goods, Home Sales, Consumer Sentiment, Personal Income, Personal Spending, Gross Domestic Product

February 24, 2016 - Industry News

Earnings Watch: XPO Reports Loss of Nearly $63 Million

Despite greatly increased revenue in the final quarter of last year and for all of 2015, the fleet that purchased Con-way last year reported bigger losses.

Tags: Economy, Con-Way, XPO Logistics, Fleet Earnings

February 24, 2016 - Industry News

Increased Capacity Hurts Truckload Rates, Low Fuel Prices Hit Intermodal

Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.

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

February 23, 2016 - Industry News

Economic Watch: New Reports Raise Concerns About a Recession

A glimmer of hope that U.S. manufacturing was starting to rebound at the start of the year may have been quickly been dashed, leading to increasing concerns about the state of the overall economy, while separate reports show consumers don’t feel as good as they did last year, but they are still in the mood for home buying.

Tags: Economy, Consumer Confidence, Industrial Production, Manufacturing, Home Sales

February 19, 2016 - Industry News

Economic Watch: Inflation Makes a Return, Leading Indicators Down Again

Consumer prices are heading higher, according to new U.S. Labor Department numbers, increasing speculation that the Federal Reserve will raise interest rates again.

Tags: Economy, Consumer Prices, Leading Economic Indicators, Federal Reserve, Interest

February 17, 2016 - Industry News

Earnings Watch: Radiant Reports Net Loss, Adjusted Earnings Increase

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. moved from a fourth quarter profit a year ago to loss in the most recent quarter, but adjusted earnings improved.

Tags: Economy, Radiant Logistics, Fleet Earnings

February 17, 2016 - Industry News

Economic Watch: Housing Drops as Industrial Production, Inflation Bounce Back

New home starts in the U.S. fell in January to the lowest level in three months, but industrial production, which includes manufacturing, reversed its string of recent declines. At the same time, wholesale prices increased, leading some to believe interest rates may soon move higher.

Tags: Economy, Interest Rates, Industrial Production, Manufacturing, Home Starts, Wholesale Prices, Federal Reserve, Producer Prices, Home Building

February 12, 2016 - Industry News

Perry: Trucking Conditions Still Good, but Clouds on Horizon

Perry predicted oil prices could go as low as $20 a barrel but will head back up.

FTR transportation expert Noel Perry told an audience at the AmericQuest Symposium that trucking currently is outperforming the broader economy, and there are both good and bad economic indicators at play.

Tags: Economy, FTR

February 12, 2016 - Industry News

Economic Watch: Strong Retail Sales Despite Lower Consumer Sentiment

One of the biggest drivers of the U.S. economy posted broad-based gains in January, which could ease fears following earlier indications that overall activity was slowing. However, a separate report on inventories still raises concerns about a bumpy ride.

Tags: Economy, Retail Sales, Consumer Confidence, Manufacturing, Consumer Sentiment

February 12, 2016 - Industry News

Lower Freight Index Numbers Mask Increased Expectations

The number of freight shipments and the dollars spent on freight declined again in January as part of a seasonal trend. However, that's not necessarily a sign of further weakening for the overall economy, according the latest Cass Freight Index report.

Tags: Economy, Freight, Cass Freight Index

February 10, 2016 - Industry News

For-Hire Freight Posts 2% Decline for Last Year

Freight Transportation Services Index, December 2010 - December 2015. Graphic: U.S. DOT

The amount of freight moved by the nation’s for-hire sector fell in both the final month of last year and all of 2015, according to the U.S. Transportation Department.

Tags: Economy, For-hire Truck Tonnage, Freight Index, Freight Transportation Services Index

February 10, 2016 - Industry News

Earnings Watch: Forward Air, Rush Enterprises

A record-setting fourth quarter for trucking company Forward Air Corp. has it looking forward to a banner 2016, while Rush Enterprises is cost-cutting to compensate for the low truck sales in the energy sector in 2015.

Tags: Economy, Equipment, Truck Sales, Rush Truck Centers, Rush Enterprises, Forward Air, Fleet Earnings

February 5, 2016 - Industry News

Earnings Watch: Volvo Earnings Improve

Martin Lundstedt, president and CEO Photo: Tommy Holl

The parent company to Volvo, Mack and other truck brands is back in the black, according to earnings reports released Friday, but it plans to cut U.S. production as it nears the end of a four-year cost cutting plan.

Tags: Economy, Volvo Trucks, Quarterly Earnings, Global

February 5, 2016 - Industry News

Economic Watch: Trucking Helps Unemployment Rate Move Lower

While some recent reports have raised questions about the health of the nation’s economy, the latest one shows unemployment has fallen to its lowest level in eight years.

Tags: Economy, Unemployment, Employment

February 4, 2016 - Industry News

Earnings Watch: Hub Group, Roadrunner, ODFL, YRC Worldwide

Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.

Tags: Economy, Old Dominion Freight Line, Roadrunner Transportation, YRC Worldwide, YRC Freight, Hub Group, Fleet Earnings

February 4, 2016 - Industry News

Freightliner Names 2016 Hardest Working Cities

Left to right, Mike Howerton - Allan Haggai - Richard Saward. Photo: Freightliner

Freightliner Trucks has announced four cities that will be recognized as the Hardest Working Cities for 2016.

Tags: Economy, Freightliner, Severe Duty, Awards, Hardest Working Cities

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