Fleet Management

Economy

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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

February 4, 2016 - Industry News

Economic Watch: Silver Lining for Manufacturing? Employment Gains, Service Sector Slows

Orders and shipments of factory-made goods were down in a report out Thursday, but earlier reports based on more recent activity indicates conditions may be on the verge of brightening.

Tags: Economy, Factory Orders, Non-Manufacturing, Employment, Factory Shipments

February 3, 2016 - Industry News

Earnings Watch: Meritor, Eaton, Wabash National, ArcBest, C.H. Robinson

Earnings season continues this week and with it are the first numbers from major trucking suppliers, such as Meritor, Eaton and Wabash National, in addition to those from trucking operations ArcBest and C.H. Robinson.

Tags: Economy, Eaton, Meritor, Eaton Corp., ABF, Wabash National, C.H. Robinson, ArcBest Corp., Fleet Earnings

February 3, 2016 - Industry News

Spot Freight Rates Fail to Follow Surge in Freight

Load-to-truck ratios on the spot truckload freight market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which were also down for the entire month.

Tags: Economy, Spot Freight, Freight Rates, DAT Solutions

February 3, 2016 - Industry News

Spot Freight Rates Fail to Follow Surge in Freight

Load-to-truck ratios on the spot truckload market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which also came in lower for the entire month.

Tags: Economy, Spot Freight, Freight Rates, DAT Solutions

February 2, 2016 - Industry News

Earnings Watch: UPS, USA Truck, Ryder Report Profit Gains

UPS Inc. reported its profit skyrocketed in the fourth quarter of the year, totaling $1.33 billion compared to $453 million a year earlier as the company also beat an earnings forecast. USA Truck and Ryder also saw higher profits.

Tags: Economy, UPS, Ryder System, USA Truck, UPS Freight, Fleet Earnings

February 1, 2016 - Industry News

Economic Watch: Manufacturing Improves as Construction Jumps

While activity in the nation’s manufacturing improved in January from the month before, according to reports on Monday, there is disagreement as to whether this sector is expanding or shrinking.

Tags: Economy, Manufacturing, Construction Spending, Personal Spending

January 29, 2016 - Industry News

Economic Watch: GDP Growth Slows, Consumers Still Optimistic

Overall U.S. economic activity eased back on the gas considerably in the final quarter of last year while it expanded in 2015 at the same pace as the year before.

Tags: Economy, GDP, Consumer Confidence, Consumer Sentiment, Gross Domestic Product

January 29, 2016 - Industry News

U.S. Cross-Border Freight Declines More Than 8%

Percent change in value of U.S.-Canada/Mexico freightflows by mode: November 2014 - 2015. Graphic: U.S. DOT

The value of trans-border freight movements between the U.S. and its neighbors took a steep decline, according to new U.S. Transportation Department numbers, while Canada regained its historical rank as top North America trade partner after falling behind Mexico.

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

January 28, 2016 - Industry News

Earnings Watch: Landstar Beats Fourth Quarter Expectations

The asset-light trucking and logistics provider Landstar Thursday reported a decline in its fourth quarter profit, but it was higher than expected, and the company also improved its annual performance.

Tags: Economy, Landstar, Landstar System, Fleet Earnings

January 28, 2016 - Industry News

Economic Watch: Durable Goods Orders Sink as New Home Sales Jump

New orders for long-lasting durable goods plunged in December while shipments also fell, according to an advance report on Thursday from the U.S. Commerce Department, following a decision by the Federal Reserve to not raise a key interest rate.

Tags: Economy, Durable Goods, Home Sales, Federal Reserve

January 27, 2016 - Industry News

Earnings Watch: Lower Fourth Quarter Profits for Knight, Celadon

UPDATED -- Net income for two trucking and logistics companies experienced pullbacks in the fourth quarter of the year, according to earnings reports released Wednesday.

Tags: Economy, Celadon Trucking Services, Celadon Group, Knight Transportation, Fleet Earnings

January 27, 2016 - Industry News

Earnings Watch: Heartland Profit Drops, Patriot Moves Higher

Earnings for the trucking company Heartland Express Inc. (NASDAQ: HTLD) declined in both the final quarter of 2015 and all of last year due to less business while Patriot Transportation Holding Inc. (NASDAQ: PATI) saw an improvement due in large part to a legal settlement.

Tags: Economy, Patriot Transportation, Heartland Express, Florida Rock & Tank Lines, Fleet Earnings

January 27, 2016 - Industry News

Economist: Low Risk of U.S. Recession

Economist Bob Dieli expects “truckable economic activity” to continue to grow at a pace similar to that of 2015. Photo: PacLease

The odds of a recession in the U.S. during the first three quarters are low, according to Bob Dieli, president and founder of RDLB, Inc.

Tags: Economy, HDAW

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