Fleet Management

Economy

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February 16, 2018 - Industry News

Economic Watch: Manufacturing Lags, but Homes, E-Commerce, Consumer Sentiment Rise

Several recent economic indicators, with the exception of a measure of the total output from the nation’s factories, mines and utilities production, have all moved higher. That indicates economic activity in the first month to month and a half of 2017 is still very much alive, despite recent concerns about the future following stock market gyrations.

Tags: Economy, Retail Sales, E-commerce, Industrial Production, Manufacturing, Consumer Sentiment, Home Building

February 14, 2018 - Industry News

For-Hire Freight Continues Setting New Records

Freight Transportation Services Index, December 2012 - December 2017. Credit: U.S. DOT

A gauge of the level of freight moved by the nation’s for-hire transportation industry capped off 2017 by posting another new all-time monthly high, according to the Transportation Department.

Tags: Economy, Railroads, Intermodal, Freight Index, Freight

February 14, 2018 - Industry News

Economic Watch: Retail Prices Jump as Retail Sales Drop

Prices at the retail level jumped more than expected during January, raising concerns about rising inflation as well as interest rates, while a separate reported showed one of the biggest drivers of the U.S. economy declined by the most in nearly a year.

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

February 8, 2018 - Industry News

Economic Watch: Retailers Expect 2018 to be Another Banner Year

One of the biggest drivers of the U.S. economy is expected to grow between 3.8% and 4.4% this year over 2017, according to a new economic forecast from the trade group the National Retail Federation.

Tags: Economy, Retail Sales, GDP, Unemployment, Employment, Gross Domestic Product

February 2, 2018 - Industry News

Earnings Watch: Schneider, Saia, USA Truck, YRC Worldwide

While Schneider National Inc. and Saia Corp. reported better numbers, USA Truck Inc. returned to only partial profitability and YRC Worldwide Inc. reported losses in both time frames.

Tags: Economy, Earnings, USA Truck, YRC Worldwide, Saia

February 2, 2018 - Industry News

Intermodal Freight Numbers Finish the Year Strong

Intermodal freight volumes saw a growth rate of 5.8% year over year. Source: IANA

Intermodal freight volumes posted a strong fourth quarter that saw a growth rate of 5.8% year over year, according to an Intermodal Association of North America report.

Tags: Economy, Intermodal, Freight, IANA, Freight Volume

February 2, 2018 - Industry News

Economic Watch: Employment, Factory Orders Continue Growing

A sizeable gain in trucking employment helped the total number of job additions move higher in January, according to a new Labor Department report.

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

February 1, 2018 - Industry News

Economic Watch: Reports Show 2018 Started Near Last Year's Higher Pace

A measure of the U.S. manufacturing sector released Thursday is just one in a raft of new economic reports that showed 2018 began with a similar pace to that seen when 2017 wrapped up.

Tags: Economy, Interest Rates, Unemployment, Consumer Confidence, Manufacturing, Construction Spending, Employment, Federal Reserve

January 29, 2018 - Industry News

4th Quarter Freight Spending Surges as Shipments Ease

Results of the latest U.S. Bank Freight Payment Index. Graphic: U.S. Bank

A measure of the nation’s freight market showed gains in both spending and shipments during the fourth quarter of 2017, but the strength of the advances differed widely.

Tags: Economy, U.S. Bank, Freight, Freight Rates

January 26, 2018 - Industry News

Economic Watch: GDP Slows in Final Quarter, Durable Goods Remain Strong

The nation’s overall economic performance slowed in the final quarter of last year but turned in better performance for all of 2017 than it did for all of 2016, according to new Commerce Department figures.

Tags: Economy, Interest Rates, GDP, Durable Goods, Manufacturing, Federal Reserve, Gross Domestic Product

January 25, 2018 - Industry News

U.S.-NAFTA Freight Value Posts 13th Straight Monthly Gain

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

An increase in the price of crude oil is largely responsible for another jump in the value of freight moved between the U.S. and its two North American Free Trade Agreement partners, according to new U.S. Transportation Department figures.

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

January 25, 2018 - Industry News

Economic Watch: Economy Continues to Show Improvement, New Homes Sales Solid

A barometer of where the U.S. economy is headed over the next several months showed it continued to increase, according to a report released on Thursday, while a separate one revealed sales of new homes in the U.S. tumbled in the final month of last year but improved for all of 2017.

Tags: Economy, Home Sales, Leading Economic Indicators

January 24, 2018 - Industry News

Economic Watch: Manufacturing Starts Strong, Home Sales up Last Year

Manufacturers reported a strong start to 2018, with production volumes and incoming new work both rising at faster rates than seen at the end of last year. A separate report showed while existing home sales improved last year, they ended 2017 on a lower note.

Tags: Economy, Manufacturing, Home Sales

January 24, 2018 - Industry News

Trucking Economy Forecast Looks Good for 2018

MacKay & Co.'s proprietary measure, Truckable Economic Activity, reflects the portion of the GDP that spends its time in trucks. Photo courtesy Today's Trucking via Twitter.

Truckable Economic Activity is expected to continue at its current pace, according to Dr. Bob Dieli, president and founder of RDLB Inc., speaking at Heavy Duty Aftermarket Dialogue in Las Vegas.

Tags: Economy, HDAD, HDAW, MacKay and Co.

January 23, 2018 - Industry News

ATA Truck Tonnage Index Rose 3.7% Last Year

December Truck Tonnage Index Source: ATA

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased by 3.7% overall in 2017 compared to the year before, marking its largest annual gain since 2013.

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

January 22, 2018 - Industry News

Truckload Linehual, Intermodal Rates Continue Increasing

A measure of truckload linehaul rates has hit a new record high while a separate gauge of intermodal shipping rates showed it posted its 15th straight increase.

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

January 19, 2018 - Industry News

Economic Watch: Consumer Sentiment Hits 6-Month Low, Housing Starts Fall

Consumers are feeling less upbeat, due to uncertainty about economic conditions following the tax overhaul recently signed into law, according to a new report. Meanwhile the level of new home construction last year was the best in a decade despite a December decline.

Tags: Economy, Consumer Confidence, Home Starts, Consumer Sentiment, Home Building

January 17, 2018 - Industry News

Economic Watch: Industrial Production Posts Biggest Annual Gain in 7 Years

A surge in industrial production for December exceeded expectations, but the strength was largely a function of a weather-related utilities spike. A separate report showed a lot of optimism remains when it comes to the market for newly built homes.

Tags: Economy, Industrial Production, Housing, Manufacturing

January 12, 2018 - Industry News

Economic Watch: Annual Retail Sales Best in 3 Years, Inflation Threat Eases

Retail sales ended 2017 on a high note, while price inflation at both the retail and wholesale levels are of so little threat to the economy, some analysts are wondering if they will keep a lid on planned interest rate hikes.

Tags: Economy, Retail Sales, Consumer Prices, Producer Prices

January 11, 2018 - Industry News

New Conference Puts Focus on Freight Technology

FreightWaves is launching its inaugural Transparency18 conference, focusing on freight technology and the economy. The conference is set to take place from May 22-23 in Atlanta, Ga.

Tags: Conference, Economy, Technology, Freight, Events

January 10, 2018 - Industry News

For-Hire Freight Index Hits Another Record High

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

The amount of freight moved by the U.S. for-hire transportation industry hit a second consecutive all-time high in November, according to new Transportation Department figures.

Tags: Economy, Freight Index

January 9, 2018 - Industry News

Diesel, Gasoline Prices Expected to Jump Less This Year

U.S. crude oil production is projected to hit record highs, but that won't stop diesel prices from rising. Photo: ConocoPhillips

The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.

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

January 8, 2018 - Industry News

Economic Watch: Retail Imports Show 7% Annual Growth

Imports at the nation’s major retail container ports grew 7% during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to new Global Port Tracker figures released by the National Retail Federation, a retail trade association, and Hackett Associates, an international maritime consulting, research and advisory firm.

Tags: Economy, Imports, Port Trucking

January 5, 2018 - Industry News

Economic Watch: Employment, Factory Activity, and a Possible Drag on GDP

The number of overall job additions in the U.S. slowed in December as the trucking industry shed some positions, while separate reports show a bit of softening in the factory sector, amid a new concern about the overall economic performance in the final part of 2017.

Tags: Economy, GDP, Unemployment, Factory Orders, Employment, Factory Shipments, Gross Domestic Product

January 4, 2018 - Industry News

Trucking Helps U.S.-NAFTA Freight Value Post 12th Straight Monthly Gain

U.S.-NAFTA freight value percent change from previous year, October 2017. Graphic: U.S. DOT

The value of freight moved between the U.S. and its North American Free Trade Agreement partners posted its 12th consecutive year-over-year increase in October, according to newly released Transportation Department figures.

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

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