Fleet Management

Economy

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April 28, 2016 - Industry News

Cross-Border Truck Freight Rises, Overall Value Declines

Percent change in the value of U.S.-NAFTA freight flows by mode: February 2015-2016. Graphic: U.S. DOT

Trucking was only one of two transportation modes that carried more U.S. freight by value with NAFTA trade partners Canada and Mexico in February than a year ago, increasing 4.7%.

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

April 28, 2016 - Industry News

Earnings Watch: UPS Jumps; YRC Improves; ODFL, Universal Lower

UPDATED -- Another day, another raft of earnings reports on Thursday from the nation’s publicly owned trucking companies. Continuing a trend this first quarter, the companies' numbers are as varied as the services they offer.

Tags: Economy, UPS, Old Dominion Freight Line, Earnings, UPS Freight, Universal Truckload, Fleet Earnings, YRC Worldwide, YRC Freight

April 28, 2016 - Industry News

Economic Watch: GDP Stalls in First Quarter

Feelings that the American economy slowed to a crawl in the first quarter of the year were confirmed on Thursday morning when the Commerce Department released its report showing the gross domestic product increased at an annual rate of just 0.5%.

Tags: Economy, GDP, Gross Domestic Product

April 27, 2016 - Industry News

Earnings Watch: Saia, Patriot, Covenant and Celadon

The wave of first quarter earnings reports from the nation’s publicly owned fleets continued on Wednesday, with three out of four lower than a year earlier due mainly to less freight to move.

Tags: Economy, Celadon Trucking Services, Celadon Group, Covenant Transport, Earnings, Patriot Transportation, Saia, Florida Rock & Tank Lines, Covenant Transportation Group, Fleet Earnings

April 27, 2016 - Industry News

Spot Truckload Freight Rates Hardly Budge from Week Before

The number of available spot market loads slipped 2% while posted capacity was flat during the week ending April 23, according to DAT Solutions and it of load boards, leaving rates nearly unchanged.

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

April 26, 2016 - Industry News

Earnings Watch: Hub Group Leaps, C.H. Robinson Gains, Heartland Slips

Three more companies offering trucking and related services issued first quarter earnings reports on Tuesday, with each reporting very different results.

Tags: Economy, Earnings, C.H. Robinson, Hub Group, Fleet Earnings, Heartland Express

April 26, 2016 - Industry News

Economic Watch: Key Manufacturing Indicator Fails to Improve, Home Sales Slide

Orders for durable goods recovered only somewhat in March following a big decline, and a key economic indicator within the measure failed to improve, adding to recent indications a slump in manufacturing is far from over.

Tags: Economy, Durable Goods, Home Sales

April 22, 2016 - Industry News

Economic Watch: Manufacturing Fails to Improve, Other Indicators Look Better

The first look at April business conditions in the nation’s sluggish manufacturing sector shows the situation is improving little. Other readings are slightly more encouraging.

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

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

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