August 27, 2015 - Industry News
The value of freight moved between the U.S. and its North America Free Trade Agreement partners fell in June, according to a new Transportation Department report, totaling $99 billion, as all modes except truck carried less freight.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade
The U.S. economy grew by leaps and bounds in the second quarter of the year compared to the first quarter, according to a new government estimate released Thursday, which should ease investors fears in the wake of a global stock market sell-off.
Tags: Economy, GDP, Gross Domestic Product
August 25, 2015 - Industry News
The underlying fundamentals of the U.S. economy are better than, or at least nowhere near as bad as, the panic that set into Wall Street starting late last week and extended into Monday, according to several newly released reports.
Tags: Economy, Consumer Confidence, Manufacturing, Home Sales, Non-Manufacturing, Leading Economic Indicators
August 19, 2015 - Industry News
Inflationary pressures on the U.S. economy remain low, as evidenced by a report released Wednesday by the Commerce Department showing an increase of just 0.1% in July from the month before.
Tags: Economy, Consumer Prices
August 18, 2015 - Industry News
Truckload shipping rates continue to rise, while intermodal shipping continues to get cheaper, according to two of the latest monthly readings. A wider report on freight transportation showed a seasonal lull.
Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates, Cass Freight Index
The U.S. housing market continues to improve, with new home starts hitting their highest level in seven years and builder optimism the best in nearly a decade.
Tags: Economy, Home Starts, Home Building
August 14, 2015 - Industry News
The amount of activity at the nation’s factories, mines and utilities turned in its best performance in eight months during July, according to a new Federal Reserve report on Friday.
Tags: Economy, Consumer Confidence, Industrial Production, Wholesale Prices, Consumer Sentiment
August 13, 2015 - Industry News
A measure of the amount of for-hire freight movements in the U.S. posted mixed numbers for June, according to new Transportation Department figures.
Tags: Economy, Freight, Freight Index
U.S. consumers showed a new willingness to spend more money last month, an indication there may be increasing momentum in the economy.
Tags: Economy, Retail Sales
August 10, 2015 - Industry News
Two varied freight transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases while the other moved into the red, but only slightly.
Tags: Economy, XPO Logistics, Echo Global Logistics, Fleet Earnings
August 7, 2015 - Industry News
As for-hire trucking employment hit its highest level in more than eight years, total non-farm employment in the U.S. increased by 215,000 jobs while the unemployment rate remained unchanged.
Tags: Economy, Unemployment, Employment
August 5, 2015 - Industry News
Even as service sector growth surged in July, a lackluster employment report is leading to more speculation on whether the Federal Reserve will raise interest rates at its September meeting.
Tags: Economy, Non-Manufacturing, Employment
August 4, 2015 - Industry News
Roadrunner Transportation Systems Inc. on Tuesday reported increases for both profit and revenue for the second quarter of the year.
Tags: USA Truck, Fleet Earnings, Roadrunner Transportation, Economy
August 3, 2015 - Industry News
The pace of U.S. manufacturing growth, a key indicator affecting trucking, slowed in July from its highest level in five months, according to a survey of the nation’s supply executives.
Tags: Economy, Manufacturing, Consumer Spending, Personal Income
With record second-quarter revenue, ArcBest's net income rose to $20 million, or 74 cents per diluted share, from $17.2 million, or 64 cents per diluted share a year earlier.
Tags: Economy, ABF, ArcBest Corp., Fleet Earnings, LTL
July 30, 2015 - Industry News
The first reading on how well the American economy performed in the second quarter of the year shows it accelerated well ahead of the first quarter pace, according to the U.S. Commerce Department.
Tags: Economy, GDP
UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.
Tags: Economy, Old Dominion Freight Line, Fleet Earnings
July 29, 2015 - Industry News
Five more trucking companies have reported quarterly earnings – but not all showed gains over a year ago.
Tags: Economy, Con-way Freight, Celadon Group, Roadrunner Transportation, Con-way Truckload, Heartland Express, Saia, Con-way Inc., Fleet Earnings
July 28, 2015 - Industry News
UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
Tags: Economy, Consumer Confidence, Non-Manufacturing
Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
Tags: Economy, UPS, UPS Freight, Fleet Earnings
Truck engine manufacturer Cummins increased both second quarter revenue and net income, while truck and engine maker Paccar reported record quarterly net income.
Tags: Economy, Cummins, Earnings, Paccar, Peterbilt, Kenworth
July 27, 2015 - Industry News
Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.
Tags: Economy, Swift Transportation, Fleet Earnings, Truckload
New orders and shipments for manufactured durable goods rebounded in June following two straight monthly drops, while business investment also turned around, according to the Commerce Department.
Tags: Economy, Durable Goods, Manufacturing
July 24, 2015 - Industry News
Sales of newly built, single-family homes in the U.S. dropped 6.8% in June from the previous month but are still up 18% over last year.
Tags: Economy, Manufacturing, Home Sales
The asset-light freight transportation and logistics provider Universal Truckload Services reported second quarter net income of $13.3 million, down just slightly from $13.6 million a year earlier.
Tags: Economy, Universal Truckload, Fleet Earnings
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