Fleet Management

Economy

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July 24, 2014 - Industry News

Economic Watch: New Home Sales Drop in June

New home sales dropped in June and the Commerce Department revised the extraordinarily strong May figures downward.

Tags: Economy, Home Sales

July 22, 2014 - Industry News

Truck Tonnage Index Declines in June from May, Higher Versus Year Ago

Graphic: ATA

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 0.8% in June, following a revised 0.9% gain the previous month.

Tags: Economy, American Trucking Associations, Truck Tonnage, Truck Tonnage Index

July 22, 2014 - Industry News

Economic Watch: Consumer Prices Gain Less, Existing Home Sales Best Since October

Photo: Pen Waggener via Wikimedia Commons

Consumer prices rose again in June, but the pace was less than it was the month before, according to the U.S. Labor Department.

Tags: Economy, Consumer Prices, Home Sales

July 18, 2014 - Industry News

Cass Truckload Linehaul Index Rises, Intermodal Retreats

Truckload linehaul rates paid by North American shippers in June were 5.2% higher than in June of last year, according to the latest Cass Truckload Line Index released Friday.

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

July 17, 2014 - Industry News

Economic Watch: Housing Starts Fall, Federal Reserve Says Economy Expanding

Housing starts in the U.S. fell 9.3% in June, the second consecutive monthly decline, according to the U.S. Commerce Department, pushing the annual rate down to 893,000, the weakest showing since last September.

Tags: Economy, Housing Starts, Federal Reserve

July 16, 2014 - Industry News

Economic Watch: Wholesale Prices, Industrial Production, Home-Builder Confidence Advance

Prices at the wholesale level rose 0.4% in June from the month before, according to new U.S. Labor Department figures, following a 0.2% decline in May and a 0.6% advance in April.

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

July 15, 2014 - Industry News

Economic Watch: June Retail Sales Gain Only 0.2%

Retail sales increased in June, according to a new Commerce Department report, but the gain was far less than analysts were expecting.

Tags: Retail Sales, Economy

July 14, 2014 - Industry News

Virginia Ports Handle Record Amount of Cargo

Photo: Port of Virginia Facebook page

The Port of Virginia set a new mark for volume in fiscal 2014, handling more than 2.3 million twenty-foot equivalent units in the twelve months ending June 30, eclipsing the previous fiscal year record by 140,476 TEUs.

Tags: Economy, Virginia, Ports, Port Trucking

July 14, 2014 - Industry News

Trucking Conditions Index Declines Slightly

FTR's Trucking Conditions Index, 2013 through May 2014. Credit: FTR

FTR’s Trucking Conditions Index in May, at a reading of 5.74, reflects some headwinds affecting truck fleet results, according to this latest report from the transportation forecasting firm.

Tags: Economy, Research, FTR

July 10, 2014 - Industry News

DOT Freight Index Hits Another Record High

Freight Transportation Services Index, May 2009 - May 2014. Credit: U.S. DOT<br />

The amount of freight carried by the for-hire transportation industry rose 0.6 percent in May from April, rising for the fourth consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Thursday.

Tags: Economy, Research, U.S. DOT, Freight, Freight Index

July 8, 2014 - Industry News

Freight Expenditures Hit Record High During June

The freight logistics sector continued to strengthen in June, with both shipment volumes and expenditures rising once again, according to the Cass Freight Index.

Tags: Economy, Cass Freight Index

July 7, 2014 - Industry News

Intermodal Rail Traffic Continues Setting Records

After hitting record high levels for two straight weeks, intermodal rail traffic set another new record during June.

Tags: Economy, Railroads, Intermodal

July 3, 2014 - Industry News

Economic Watch: Employment Numbers Signal Strengthening Economy

Employers added 288,000 jobs in June, 17,000 of them in the transportation and warehousing arena, and the unemployment rate fell to 6.1%. That's well above the rate of hiring in the first five months of the year, a sign the economy continues to rebound.

Tags: Economy, Unemployment

July 2, 2014 - Industry News

Independence Day Holiday Travel Expected to Jump Over Last Year

Expect the highways to be more crowded this Independence Day weekend that they were last year and compared to the recent Memorial Day holiday.

Tags: Economy, AAA, Highways, Holiday Travel

July 1, 2014 - Industry News

Economic Watch: Manufacturing Up for 13th Month in a Row

Economic activity in the manufacturing sector expanded in June for the 13th consecutive month, and the overall economy grew for the 61st consecutive month, according to the Institute for Supply Management.

Tags: Economy, Manufacturing

June 27, 2014 - Industry News

Rail Intermodal Traffic Posts Second Straight Weekly Record High

This was the highest week in history for total U.S. intermodal volume, topping the previous record set last week, reaching 272,553 units, up 7.8% compared with the same week last year.

Tags: Economy, Railroads, Intermodal

June 27, 2014 - Industry News

Study Lays Out Consequences of West Coast Port Strike as Deadline Looms

As negotiations continue for a new contract agreement covering 13,600 dockworkers at 30 ports stretching from San Diego, Calif., to Bellingham, Wash., a new shows the U.S. economy could lose as much as $2.5 billion a day if a prolonged West Coast port shutdown occurs.

Tags: Ports, Port Trucking, Labor Unions, Research, Economy, Intermodal

June 25, 2014 - Industry News

Economic Watch: GDP Posts Biggest Drop Since Great Recession

UPDATED -- The U.S. economy shrank at its steepest rate in the first quarter of the year since first quarter of 2009, amid the Great Recession, according to a new estimate from the Commerce Department.

Tags: Economy, GDP, Durable Goods

June 23, 2014 - Industry News

U.S. Intermodal Rail Traffic Hits Weekly Record High

The Association of American Railroads reported increased U.S. rail traffic for the week ending June 14, with 295,132 total carloads, up 2.2% compared with the same week last year. This was the highest week in history for total U.S. intermodal volume, reaching 270,243 units.

Tags: Economy, Railroads, Intermodal

June 19, 2014 - Industry News

Economic Watch: Leading Indicators Rise, Fed Dampens 2014 Expectations

A measure of the health of the nation’s economy shows it has increased again, while concerns linger by the Federal Reserve about economic growth for the remainder of the year.

Tags: Economy, Consumer Prices, Housing Starts, Leading Economic Indicators, Federal Reserve

June 18, 2014 - Industry News

Truckload Linehaul, Intermodal Costs Higher Than a Year Ago

Compared to the same time last year, truckload linehaul costs in May averaged 5.8% higher, an increase that is consistent with those of 5.7% in April and 6% in March, according to the latest Cass Truckload Linehaul Index.

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

June 17, 2014 - Industry News

ATA Truck Tonnage Index Reflects Broad-Based Gains (With Video)

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1% in May and saw its second largest year-over-year increase in 2014 thus far.

Tags: Economy, ATA, American Trucking Associations, Truck Tonnage Index

June 17, 2014 - Industry News

Logistics Report Predicts ‘Banner Year’

This is going to be a banner year for the logistics industry, says Rosalyn Wilson in the 25th Annual State of Logistics Report. The economy last year was not stellar and business inventories plummeted in the first period this year as a consequence of bad weather, but freight is gaining now, Wilson says in a Tuesday presentation at the National Press Club.

Tags: Economy, Forecast, Freight, Logistics, Penske

June 16, 2014 - Industry News

Economic Watch: Industrial Production Rebounds, Homebuilder Optimism Grows

UPDATED -- U.S. industrial production rose 0.6% in May after having declined 0.3% in April, according to a new Federal Reserve report. The decrease in April was previously reported to have been 0.6%.

Tags: Economy, Industrial Production, Home Building

June 13, 2014 - Industry News

Economic Watch: Wholesale Prices Fall, Consumer Sentiment Dips

Prices at the wholesale level declined in May for the first time in three months, according to new U.S. Labor Department figures, while a separate report shows consumer sentiment fell slightly but is relatively stable.

Tags: Economy, Wholesale Prices, Consumer Sentiment

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