Fleet Management

Economy

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April 21, 2016 - Industry News

Earnings Watch: Swift Profits Fall, Forward Air and Marten Improve

UPDATED -- Truckload carrier Swift Transportation Co. saw its net income decline in the first quarter of the year while profit for the time definite surface transportation and logistics provider Forward Air Corp. more than doubled as refrigerated hauler Marten Transport Ltd. reported a boost in two ways.

Tags: Economy, Earnings, Forward Air, Swift Transportation, Fleet Earnings, Marten Transport

April 21, 2016 - Industry News

Earnings Watch: Lower Truck Sales Hit Dana, Rush Enterprises' Profits

A truck component manufacturer and one of the nation’s largest truck dealer networks continue the trend of many businesses reporting lower first quarter earnings as truck sales are down from a year ago.

Tags: Economy, Truck Sales, Aftermarket, Dana Holding Corp., Rush Enterprises, Dana Spicer

April 20, 2016 - Industry News

U.S. Spot Freight Rates Decline, Canadian Spot Market Improves

A decline in available freight and an increase in truck capacity pushed spot truckload rates down across all three equipment types during the week ending April 16, according to DAT Solutions and its network of load boards.

Tags: Canada, Economy, Cross-Border Trucking, TransCore, Spot Freight, Freight Rates, DAT Solutions

April 19, 2016 - Industry News

Truckload Linehaul Rates Drop, Intermodal Continues Decline

A measure of truckload linehaul rates moved lower last month compared to a year earlier for the first time since May 2010 as intermodal freight rates continued their downward slide.

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

April 19, 2016 - Industry News

Economic Watch: New Home Starts Drop, Builders Still Upbeat

The number of housing starts in the U.S. fell more than expected in March, but home builder confidence in the market remains strong, according to two new reports.

Tags: Economy, Housing Starts, Home Building

April 18, 2016 - Industry News

Freight Shipments Ease as Spending Declines

Growth in freight shipments slowed in March, according to the latest Cass Freight Index Report, while freight spending turned negative – but a longer-term view of cargo movements and the overall economy appears at least somewhat brighter.

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

April 18, 2016 - Industry News

Earnings Watch: J.B. Hunt Profit Increases Nearly 9%

J.B. Hunt Transport Services says its first-quarter profit increased 8.9% from a year earlier as revenue rose by 6%, thanks to volume growth, improved network operations, higher equipment utilization, lower maintenance costs and increased contract pricing.

Tags: Economy, 3PL, Intermodal, Earnings, JB Hunt, Dedicated Fleets, Fleet Earnings

April 15, 2016 - Industry News

Economic Watch: Industrial Production Tumbles, Consumer Mood Falls

Industrial production decreased for the second month in a row during March, adding another sign the economy sputtered in the first quarter of the year.

Tags: Economy, Consumer Confidence, Industrial Production, Manufacturing, Consumer Sentiment

April 14, 2016 - Industry News

Economic Watch: Retail Prices Tame, Beige Book Shows Improvements

A rebound in fuel prices helped push overall retail prices higher in March,, but inflation remains about as far from a threat as possible to the U.S. economy, according to a new Commerce Department report.

Tags: Economy, Consumer Prices, Federal Reserve, Beige Book

April 14, 2016 - Industry News

For-Hire Freight Movements Decline Slightly

Freight Transportation Services Index, February 2011 - February 2016. Graphic: U.S. DOT

Following two straight months of growth, the amount of freight moved by for-hire operations in the U.S. fell in February from the month before, due in part to a substantial decline in trucking, according to new Transportation Department figures.

Tags: Economy, Freight Index

April 13, 2016 - Industry News

Economic Watch: Retail Sales Decline, Keeping Inventories High; PPI Drops

Retail sales in the U.S. disappointed once again last month, causing high inventory levels to fall only marginally while wholesales prices declined, according to three separate reports released on Wednesday.

Tags: Retail Sales, Business Inventories, Producer Prices, Wholesale Prices, Economy

April 5, 2016 - Industry News

Economic Watch: Exports Increase, Service Sector Expands

While the U.S. trade deficit increased to a six-month high in February, U.S. exports seem to finally be turning around for the better. Meanwhile, the nation’s service sector improved again last month, and a final report on manufacturing offers hope for this freight-significant indicator.

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

April 1, 2016 - Industry News

Economic Watch: Employment Jumps, Manufacturing Awakens

The number of jobs added in March grew by another healthy pace, but not in trucking, while the nation’s manufacturing sector ended months of declining factory activity and overall construction fell slightly in February, according to the latest economic reports released Friday.

Tags: Economy, Unemployment, Manufacturing, Construction Spending, Employment

March 25, 2016 - Industry News

Economic Watch: GDP Growth Revised Upward, Durable Goods Fall Again

Growth in the overall American economy in the final quarter of last year improved by double the government's initial estimate, according to a U.S. Commerce Department report released Friday. A separate reports shows the country’s manufacturing sector is still sluggish but housing continues to do well.

Tags: Economy, GDP, Durable Goods, Manufacturing, Home Sales, Gross Domestic Product

March 22, 2016 - Industry News

Economic Watch: Manufacturing Subdued but Growing, Home Sales Fizzle

The first reading on the U.S. manufacturing sector for this month shows a slight uptick in activity, but growth remains weak as it has since the start of the year, and existing home sales slumped.

Tags: Economy, Manufacturing, Home Sales

March 17, 2016 - Industry News

Truckload, Intermodal Rates Drop Again

Truckload linehaul freight rates have fallen again and are barely higher than a year ago, while rates for intermodal shipments have dropped for the 14th straight month, according to the latest Cass indexes.

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

March 16, 2016 - Industry News

Earnings Watch: FedEx Profit Falls, Adjusted Earnings Up

Trucking and parcel delivery company FedEx Corp. on Wednesday reported lower quarterly profits, but adjusted earnings were better than expectations.

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

March 15, 2016 - Industry News

Port Traffic Expected to Return to Normal Patterns

Photo courtesy the Port of Long Beach

Import cargo volume at the nation’s major retail container ports should see its traditional buildup toward the summer, despite difficult comparisons with last year’s unusual patterns, according to one report.

Tags: Economy, Intermodal, Ports

March 15, 2016 - Industry News

Economic Watch: Retail Sales Slip Again, Key Price Indicator Rises

Retail sales in the U.S. fell for the second consecutive month during February, according to a new preliminary Commerce Department report, raising some concerns about overall economic growth this year.

Tags: Economy, Retail Sales, Interest Rates, Ports, Wholesale Prices, Port Trucking, Federal Reserve, Producer Prices

March 10, 2016 - Industry News

Freight Shipments, Spending Rebound Somewhat

The number of North American freight shipments and the amount of expenditures both posted strong increases in February from the month before, according to newly released Cass Freight Index figures.

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

March 4, 2016 - Industry News

Economic Watch: Employment Improves Despite Trucking Losses

Gains in total U.S. employment remain strong, with a new report showing non-farm payrolls increased in February from the month before. A renowned economist said this week the U.S. economic picture is one of the brightest on the world’s economic stage.

Tags: Economy, Unemployment, Employment

March 3, 2016 - Industry News

Economic Watch: Factory Activity Turns Around, ‘Beige Book’ Improves

New factory orders and shipments rebounded at least somewhat in January, while measures of business investment and inventories also improved, according to new Commerce Department figures.

Tags: Economy, Factory Orders, Non-Manufacturing, Federal Reserve, Factory Shipments

March 2, 2016 - Industry News

Economic Watch: Employers Add Another 200,000 Plus Jobs

Employment in the private sector jumped again in February, mainly led by the service industry, while recent weakness in manufacturing translated into a loss of jobs.

Tags: Economy, Unemployment, Employment

March 1, 2016 - Industry News

Economic Watch: Manufacturing Remains Weak, Construction Booming

Economic activity in the nation’s manufacturing sector showed only slightly better signs of life in February and remains tepid, but construction spending in January hit it highest level since 2007, according to newly released reports.

Tags: Economy, Manufacturing, Construction Spending

February 26, 2016 - Industry News

Lower Oil Prices Push Down Cross-Border Freight

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

Large declines in the value of oil and other petroleum-related products during 2015 was reflected in a lower value of cross-border freight movements between the U.S. and its neighbors, according to new Transportation Department figures.

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

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