Fleet Management

Economy

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April 5, 2009 - Industry News

March Economic Numbers: Unemployment Up, Factor Orders Rise

Another 663,000 jobs were lost in March and unemployment rose, while for-hire trucking payrolls fell nearly 15,000. However, there were some glimmers of hope in some numbers last week that are used to measure the manufacturing sector

Tags: Economy

April 4, 2009 - Industry News

Class 8, Medium-Duty Trucks Hit Hard by Economic Weakness

Highway tractors continue to depreciate at a heavy rate, according to a report by the American Truck Dealers Official Commercial Truck Guide

Tags: Economy

March 25, 2009 - Industry News

ATA Truck Tonnage index rose 1.7 Percent in February

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index edged 1.7 percent higher in February 2009, marking the second consecutive month-to-month increase

Tags: Economy

March 24, 2009 - Industry News

Department of Energy Says Wide Single Truck Tires Cut Fuel Costs by 6 to 10 Percent

A 383-page report made available last week by the Department of Energy's Oak Ridge National Laboratory confirms that wide single tires are more fuel efficient than duals on heavy trucks

Tags: Economy

March 19, 2009 - Industry News

Zempel at Pegasus Transtech Event Sounds Upbeat Note on Economy

The U.S. is not in a depression, said Clare Zempel, a noted economist and financial advisor, in remarks Wednesday at the Pegasus Transtech Users Conference in Clearwater, Fla

Tags: Economy

March 16, 2009 - Industry News

2009 Tire Shipments to Drop Seven Percent

Tire shipments are projected to drop more than 7 percent in 2009 following a nearly 9 percent drop in 2008, according to the Rubber Manufacturers Association

Tags: Economy

March 16, 2009 - Industry News

Trucking Continues to Dominate Freight Movement

Despite the current weakness in demand for freight transportation services caused by the nation's recession, the long-term outlook remains bright for all modes of freigh

Tags: Economy

March 11, 2009 - Industry News

Freight Transportation Services Index Falls 2.3 Percent in January

The Freight Transportation Services Index fell 2.3 percent in January from its December level, falling for the third consecutive month to its lowest level in more than five years

Tags: Economy

February 27, 2009 - Industry News

Truck Tonnage Index Rises 3 Percent In January, Down 10.8 Percent From Last Year

A 3-percent month-over-month increase in the American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index in January did little to erase the revised 7.8 percent contraction in December 2008

Tags: Economy

February 25, 2009 - Industry News

Freight Outlook Deteriorates Further

Calling it "the worst market in a generation," transportation forecasting firm FTR Associates released its mid-month North American Commercial Truck and Trailer Outlook flash report this week, showing a further weakening in freight and equipment demand

Tags: Economy

February 22, 2009 - Industry News

Putting the Recession in Perspective

Bill Straus, Federal Reserve Bank of Chicago, spoke at Heavy Duty Dialogue '09.

"There is nothing typical about a typical recession. They're all unique," said Bill Strauss, senior economist and economic advisor for the Federal Reserve Bank of Chicago, during Heavy Duty Dialogue '09 last week

Tags: Economy

February 11, 2009 - Industry News

Freight Index Falls 2.3 Percent in December

The Freight Transportation Services Index fell 2.3 percent in December from its November level, falling for the second consecutive month, the U.S. Department of Transportation's Bureau of Transportation Statistics reported

Tags: Economy

January 30, 2009 - Industry News

FTR: Uncertainty, Overcapacity Key Themes for 2009 Economy

In its "Recession Update" webinar for customers Friday, transportation research and forecasting firm FTR Associates painted a picture of a challenging 2009 economic environment, with many uncertainties affecting predictions for the end of this recession

Tags: Economy

January 26, 2009 - Industry News

ATA Tonnage Index Plummets 11 Percent

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index plunged 11.1 percent in December 2008, marking the largest month-to-month reduction since April 1994, when the unionized less-than-truckload industry was in the midst of a strike

Tags: Economy

January 26, 2009 - Industry News

NABE Survey Confirms Worsening Recession

A survey released Monday by the National Association for Business Economics confirmed that the U.S. recession deepened in the fourth quarter of 2008, depicting the worst business conditions since the survey began in 1982

Tags: Economy

January 14, 2009 - Industry News

Federal Freight Index Lowest in Five Years

The federal government's Freight Transportation Services Index fell 1.4 percent in November from its October level, falling after a one-month rise

Tags: Economy

January 14, 2009 - Industry News

Truck Repos Down in 2008

There were actually fewer truck repossessions in 2008 than there were in 2007, according to Nassau Asset Management's NasTrac quarterly index, but still many more than 2006

Tags: Economy

January 8, 2009 - Industry News

Construction Companies Planning Layoffs This Year

An estimated two-thirds of the nation's non-residential construction companies are planning to cut their payrolls, according to new employment and business forecast figures released by the Associated General Contractors of America

Tags: Economy

January 7, 2009 - Industry News

Stifel, Nicolaus Analysts Look Into Crystal Ball

In their first "think piece" of the new year, the transportation analysts at Stifel, Nicolaus predicted increasing regulations that will constrain capacity increases as we come out of the economic downturn.

Tags: Economy

January 6, 2009 - Industry News

FTR Associates Releases Preliminary Class 8 Orders for December

FTR Associates has released preliminary data showing December Class 8 total net orders for all major North American OEM's at 8775 units -- the weakest monthly order activity since mid-2002

Tags: Economy

December 26, 2008 - Industry News

FTR Forecast Reflects Downward Revision

FTR Associates' latest truck market forecast registers yet another downward revision to the near term freight and truck production forecast

Tags: Economy

December 26, 2008 - Industry News

Tonnage Tonnage Shows Month-to-Month Improvement, But Freight Outlook Still Bleak

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.7 percent in November, marking the first month-to-month improvement since June 2008 -- but in real numbers, freight volumes remain weak

Tags: Economy

December 11, 2008 - Industry News

Analyst: Lower Oil Prices Should Help Economy Recover

Lower oil prices and an expected government stimulus package should help the economy start growing again during the second half of the year, and that may be a signal for some pent-up truck buying demand to kick in.

Tags: Economy

December 11, 2008 - Industry News

Freight Transportation Services Index Up Slightly in October

The Freight Transportation Services Index rose 1 percent in October from its September level, rising after two consecutive monthly declines, reported the U.S. Department of Transportation's Bureau of Transportation Statistics

Tags: Economy

December 1, 2008 - Industry News

Economic Bureau Says U.S. Has Been in Recession for a Year

Dismissing the notion that a recession equals two quarters of declining GDP, a prominent group of economists announced that by their reckoning, the U.S. has been in a recession for nearly a year

Tags: Economy

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