Fleet Management

Economy

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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

December 16, 2015 - Industry News

Economic Watch: What's Behind Fed Interest Rate Hike?

The U.S. Federal Reserve’s Open Market Committee on Wednesday decided to push short-term interest rates higher for the first time since 2006.

Tags: Federal Reserve, Interest Rates, Economy

December 16, 2015 - Industry News

Economic Watch: Mixed Numbers Ahead of Fed Announcement

Economic reports Wednesday morning ahead of the U.S. Federal Reserve's Open Market Committee didn't offer a clear picture on the state of the economy, with slower manufacturing growth but a boost in housing numbers.

Tags: Economy, Industrial Production, Manufacturing, Consumer Prices, Housing Starts, Federal Reserve

December 11, 2015 - Industry News

Economic Watch: Retail Sales, Producer Prices Jump

Both retail sales and prices at the wholesale level rose the most in months during November, according to two separate economic reports released on Friday. These will join other numbers that will be considered in a few days when the Federal Reserve considers an interest rate hike.

Tags: Economy, Retail Sales, Wholesale Prices, Federal Reserve, Producer Prices

December 9, 2015 - Industry News

For-Hire Freight Shipments Hit Highest Level of 2015

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

A measure of the amount of freight moved by for-hire transportation in the U.S. rebounded following a one-month decline, according to new U.S. Transportation Department figures.

Tags: Economy, Freight, Freight Index

December 4, 2015 - Industry News

Economic Watch: Trucking Adds to Overall Employment, Factory Activity Mixed

The U.S. economy continued adding jobs in November as trucking employment turned around from the month before, while a separate report on manufacturing was only somewhat positive for the industry.

Tags: Economy, Unemployment, Manufacturing, Factory Orders, Employment, Factory Shipments

December 1, 2015 - Industry News

Economic Watch: Manufacturing Activity Contracts, Construction Booms

A closely watched gauge of activity within the nation’s manufacturing sector shows it not only declined for the fifth straight month, but also that activity contracted during November for the first time in three years, according to the nation’s supply executives.

Tags: Canada, Economy, Industrial Production, Durable Goods, Manufacturing

November 24, 2015 - Industry News

Economic Watch: Overall Conditions Improve, Manufacturing Eases

Third-quarter GDP numbers fuel talk that the Federal Reserve will raise interest rates next month for the first time in many years – despite a disappointing report on manufacturing.

Tags: Economy, GDP, Manufacturing, Gross Domestic Product

November 23, 2015 - Industry News

Truckload Linehaul Rates Up from Year Ago, Intermodal Drop Continues

A measure of truckload rates moved higher in October from the same time last year, while intermodal rates continued moving lower, according to newly released figures.

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

November 19, 2015 - Industry News

Economic Watch: Latest Numbers May Nudge Fed Closer To Interest Rate Hike

While many of latest numbers on the U.S. economy show it’s performing below where many would like it to be, there is increasing evidence the U.S. Federal Reserve is moving closer to raising short-term interest rates for the first time in years.

Tags: Economy, Interest Rates, Industrial Production, Consumer Prices, Housing Starts, Leading Economic Indicators, Federal Reserve, Home Building

November 13, 2015 - Industry News

FTR: In 2016, Economy Should Notch One More Good Year

Image: U.S. DOT

More gloom than boom, but no doom sums up the economic outlook for 2016 presented by FTR economists in the latest State of Freight webinar hosted by the research and analysis firm.

Tags: FTR, U.S. Economy, Economy

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