Fleet Management

Economy

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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

January 26, 2016 - Industry News

Marten Transport Increases Annual Profit Nearly 20 Percent

The trucking company Marten Transport Ltd. (NASDAQ: MRTN) on Tuesday announced slightly lower earnings for the fourth quarter of the year while seeing a 19.8% increase in its annual profit compared to a year earlier.

Tags: Economy, Marten Transport, Fleet Earnings

January 26, 2016 - Industry News

Economic Watch: Service Sector Loses Steam, Consumer Confidence Up

The latest reading on the health of the nation’s non-manufacturing/service sector of the economy shows it starting the year with slower growth. A separate report shows consumers aren’t paying much heed to recent volatility in financial markets as Federal Reserve officials begin a two-day meeting.

Tags: Economy, Consumer Confidence, Non-Manufacturing

January 25, 2016 - Industry News

Economic Outlook Shows Continued Slow Growth in 2016

LAS VEGAS -- The economy is expected to continue to expand at a pace slightly above trends for 2016, according to Bill Strauss, senior economist and economic advisor, Federal Reserve Bank of Chicago. Speaking in Las Vegas at Heavy Duty Aftermarket Dialogue Monday, Strauss talked about a number of factors affecting the economy and offered his thoughts on what we can expect for the year ahead.

Tags: Economy, HDAW

January 25, 2016 - Industry News

Earnings Watch: Swift Beats Expectations, Covenant Numbers Mixed

One of the nation’s largest trucking companies reported improved earnings for the final quarter of last year and beating its expectations for all of 2015 while another publicly held fleet's latest three-month numbers failed to live up to its annual performance.

Tags: Economy, Covenant Transport, Swift Transportation, Covenant Transportation Group, Fleet Earnings

January 22, 2016 - Industry News

Economic Watch: Manufacturing, Housing Post Big Rebounds

U.S. manufacturers started the year with a rebound in output and new business growth, according to preliminary results of a survey released Friday. A separate report shows sales of existing homes were the best since before the Great Recession.

Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators

January 22, 2016 - Industry News

Earnings Season Begins with J.B. Hunt Profit Increase

Although many analysts are expecting generally lower fourth-quarter earnings for the nation’s publicly held companies, J.B. Hunt kicked off the earnings season for trucking on Thursday by reporting a 6% increase in profit.

Tags: Economy, Intermodal, JB Hunt, Fleet Earnings

January 20, 2016 - Industry News

Economic Watch: Core Consumer Prices Up, Homebuilding Brisk

Inflation at the retail level is anything but a threat to the health of the U.S. economy with newly released figures showing a drop in the final month of 2015 while the housing market is expected to continue improving.

Tags: Economy, Home Starts, Consumer Prices, Home Building

January 15, 2016 - Industry News

Economic Watch: Latest Indicators Lagging but Consumers Upbeat

The latest numbers about the state of the American economy show activity has slowed in key sectors, including one of the biggest drivers, with retail sales turning in its weakest improvement since 2009.

Tags: Economy, Retail Sales, Consumer Confidence, Industrial Production, Manufacturing, Wholesale Prices, Producer Prices

January 14, 2016 - Industry News

For-Hire Freight Movements See Biggest Drop in Nearly a Year

Freight Transportation Services Index, November 2010 - November 2015. Graphic: U.S. DOT

The amount of freight moved by the nation’s for-hire transportation sector moved lower in a government index that it says is an indicator of economic cycles.

Tags: Economy, Freight, Freight Index

January 13, 2016 - Industry News

Freight Spending, Shipments Continue Decline

Both the number of shipments and expenditures on freight transportation by shippers continued their downward slide in December, according to latest Cass Freight Index.

Tags: Cass Freight Index, Economy, Freight Index, Freight Rates

January 11, 2016 - Industry News

Southern Cross-Border Freight Outpaces U.S.-Canada Cargo for First Time

Percent change in value of U.S.-NAFTA freight flows by mode: October 2014 - 2015. Graphic: U.S. DOT

A measure of freight moving between the U.S. and its neighbors to the north and south shows for the first time the total value of U.S.-Mexico freight flows exceeded those between the U.S. and Canada.

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

January 8, 2016 - Industry News

Economic Watch: Job Creation Soars, Trucking Employment at Record High

Job creation in the U.S. surged in the final month of 2015, per a Labor Department report released Friday, as for-hire trucking employment hit a new record level.

Tags: Economy, Unemployment, Employment

January 6, 2016 - Industry News

Economic Watch: Manufacturing, Service Sectors Decline, Employment Jumps

Shipments of manufactured goods in the U.S. increased slightly in November, according to a new and full government report, while new orders posted its third decline in the last four months.

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

December 23, 2015 - Industry News

Economic Watch: Three Reports Show Underlying Strength

Two days before Christmas, the Commerce Department released three reports on the U.S. economy. When put together, they show a solid performance, though not as strong as it has been or some would like.

Tags: Economy, Durable Goods, Home Starts, Home Building, Personal Spending

December 22, 2015 - Industry News

Economic Watch: GDP Stable, Existing Home Sales Drop

The latest measure of strength in the overall U.S. economy shows it maintained its momentum in the third quarter of the year. A separate report shows a big decline in existing home sales for the second straight month.

Tags: Economy, GDP, Home Sales, Gross Domestic Product

December 17, 2015 - Industry News

Earnings Watch: Navistar Trims Losses, FedEx Profit Increases

It's looking like a good Christmas for Navistar and FedEx. The truck and engine maker managed to cut back on its losses in its most recent fiscal quarter and likely no longer will have an SEC investigation hanging over its head. Meanwhile, FedEx saw better earnings due to record holiday business.

Tags: Economy, Navistar, Earnings, FedEx, FedEx Freight, FedEx Ground, FedEx Express

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