August 13, 2015 - Industry News
A measure of the amount of for-hire freight movements in the U.S. posted mixed numbers for June, according to new Transportation Department figures.
Tags: Economy, Freight, Freight Index
U.S. consumers showed a new willingness to spend more money last month, an indication there may be increasing momentum in the economy.
Tags: Economy, Retail Sales
August 10, 2015 - Industry News
Two varied freight transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases while the other moved into the red, but only slightly.
Tags: Economy, XPO Logistics, Echo Global Logistics, Fleet Earnings
August 7, 2015 - Industry News
As for-hire trucking employment hit its highest level in more than eight years, total non-farm employment in the U.S. increased by 215,000 jobs while the unemployment rate remained unchanged.
Tags: Economy, Unemployment, Employment
August 5, 2015 - Industry News
Even as service sector growth surged in July, a lackluster employment report is leading to more speculation on whether the Federal Reserve will raise interest rates at its September meeting.
Tags: Economy, Non-Manufacturing, Employment
August 4, 2015 - Industry News
Roadrunner Transportation Systems Inc. on Tuesday reported increases for both profit and revenue for the second quarter of the year.
Tags: USA Truck, Fleet Earnings, Roadrunner Transportation, Economy
August 3, 2015 - Industry News
The pace of U.S. manufacturing growth, a key indicator affecting trucking, slowed in July from its highest level in five months, according to a survey of the nation’s supply executives.
Tags: Economy, Manufacturing, Consumer Spending, Personal Income
With record second-quarter revenue, ArcBest's net income rose to $20 million, or 74 cents per diluted share, from $17.2 million, or 64 cents per diluted share a year earlier.
Tags: Economy, ABF, ArcBest Corp., Fleet Earnings, LTL
July 30, 2015 - Industry News
The first reading on how well the American economy performed in the second quarter of the year shows it accelerated well ahead of the first quarter pace, according to the U.S. Commerce Department.
Tags: Economy, GDP
UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.
Tags: Economy, Old Dominion Freight Line, Fleet Earnings
July 29, 2015 - Industry News
Five more trucking companies have reported quarterly earnings – but not all showed gains over a year ago.
Tags: Economy, Con-way Freight, Celadon Group, Roadrunner Transportation, Con-way Truckload, Heartland Express, Saia, Con-way Inc., Fleet Earnings
July 28, 2015 - Industry News
UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
Tags: Economy, Consumer Confidence, Non-Manufacturing
Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
Tags: Economy, UPS, UPS Freight, Fleet Earnings
Truck engine manufacturer Cummins increased both second quarter revenue and net income, while truck and engine maker Paccar reported record quarterly net income.
Tags: Economy, Cummins, Earnings, Paccar, Peterbilt, Kenworth
July 27, 2015 - Industry News
Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.
Tags: Economy, Swift Transportation, Fleet Earnings, Truckload
New orders and shipments for manufactured durable goods rebounded in June following two straight monthly drops, while business investment also turned around, according to the Commerce Department.
Tags: Economy, Durable Goods, Manufacturing
July 24, 2015 - Industry News
Sales of newly built, single-family homes in the U.S. dropped 6.8% in June from the previous month but are still up 18% over last year.
Tags: Economy, Manufacturing, Home Sales
The asset-light freight transportation and logistics provider Universal Truckload Services reported second quarter net income of $13.3 million, down just slightly from $13.6 million a year earlier.
Tags: Economy, Universal Truckload, Fleet Earnings
July 23, 2015 - Industry News
Earnings season continued on Thursday, with results reported by the world’s largest truck manufacturer along with results from one component supplier and a major owner-operator trucking company.
Tags: Economy, Daimler Trucks, Daimler AG, Dana Holding Corp., Earnings, DANA, Landstar System, Fleet Earnings
A measure of where the American economy is headed in the next three to six months increased again, according to figures released on Thursday.
Tags: Economy, The Conference Board, Leading Economic Indicators
July 22, 2015 - Industry News
Earnings Watch: Two primarily truckload carriers, Knight and Covenant, saw higher profits in the second quarter, but lawsuit-related expenses kept Knight from reporting more.
Tags: Economy, Covenant Transport, Knight Transportation, Covenant Transportation Group, Fleet Earnings
Economic Watch: Existing-home sales increased in June to their highest pace in over eight years, according to figures released Wednesday by the National Association of Realtors, while a separate report shows post-recession industrial production levels are not as strong as earlier thought.
Tags: Economy, Industrial Production, Home Sales, Federal Reserve
July 21, 2015 - Industry News
Two freight transportation providers, Forward Air and Hub Group, along with dealer group Rush Enterprises, saw second quarter earnings drop.
Tags: Economy, Rush Truck Centers, Rush Enterprises, Earnings, Forward Air, Hub Group, Truck Dealers, Fleet Earnings
July 20, 2015 - Industry News
Truckload and logistics provider Werner Enterprises reported record profit for the second quarter of the year on slightly lower revenue as it continues to make progress in implementing rate increases.
Tags: Economy, Werner Enterprises, Fleet Earnings
July 19, 2015 - Industry News
Conditions for the U.S. housing market look better than they have in years, according to two reports released late last week.
Tags: Economy, Home Starts, Home Building
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