Economy

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February 10, 2016

For-Hire Freight Posts 2% Decline for Last Year

The amount of freight moved by the nation’s for-hire sector fell in both the final month of last year and all of 2015, according to the U.S. Transportation Department.

February 10, 2016

Earnings Watch: Forward Air, Rush Enterprises

A record-setting fourth quarter for trucking company Forward Air Corp. has it looking forward to a banner 2016, while Rush Enterprises is cost-cutting to compensate for the low truck sales in the energy sector in 2015.

February 5, 2016

Earnings Watch: Volvo Earnings Improve

The parent company to Volvo, Mack and other truck brands is back in the black, according to earnings reports released Friday, but it plans to cut U.S. production as it nears the end of a four-year cost cutting plan.

February 5, 2016

Economic Watch: Trucking Helps Unemployment Rate Move Lower

While some recent reports have raised questions about the health of the nation’s economy, the latest one shows unemployment has fallen to its lowest level in eight years.

February 4, 2016

Earnings Watch: Hub Group, Roadrunner, ODFL, YRC Worldwide

Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.

February 4, 2016

Freightliner Names 2016 Hardest Working Cities

Freightliner Trucks has announced four cities that will be recognized as the Hardest Working Cities for 2016.

February 4, 2016

Economic Watch: Silver Lining for Manufacturing? Employment Gains, Service Sector Slows

Orders and shipments of factory-made goods were down in a report out Thursday, but earlier reports based on more recent activity indicates conditions may be on the verge of brightening.

February 4, 2016

Earnings Watch: Cummins Profit Sinks, Daimler Soars

Profit for engine maker Cummins fell sharply in the final quarter of last year due to lower global demand, leading it to scale down plans for its new light-duty engines in North America, while Daimler AG saw record profits for 2015,

February 3, 2016

Earnings Watch: Meritor, Eaton, Wabash National, ArcBest, C.H. Robinson

Earnings season continues this week and with it are the first numbers from major trucking suppliers, such as Meritor, Eaton and Wabash National, in addition to those from trucking operations ArcBest and C.H. Robinson.

February 3, 2016

Spot Freight Rates Fail to Follow Surge in Freight

Load-to-truck ratios on the spot truckload freight market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which were also down for the entire month.

February 3, 2016

Spot Freight Rates Fail to Follow Surge in Freight

Load-to-truck ratios on the spot truckload market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which also came in lower for the entire month.

February 2, 2016

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.

February 1, 2016

Economic Watch: Lackluster December Numbers for Manufacturing, Personal Spending, Construction

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.

January 29, 2016

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.

January 29, 2016

U.S. Cross-Border Freight Declines More Than 8%

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.

January 28, 2016

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.

January 28, 2016

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.

January 27, 2016

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.

January 27, 2016

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.

January 27, 2016

Economist: Low Risk of U.S. Recession

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.

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