Economy

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July 30, 2015

Economic Watch: GDP Jumps in Second Quarter, First Quarter Revised Upward

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.

July 30, 2015

Earnings Watch: YRC Back in the Black, ODFL Profit Up 16%

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.

July 29, 2015

Earnings Watch: Saia, Heartland Express, Roadrunner, Con-way, Celadon

Five more trucking companies have reported quarterly earnings – but not all showed gains over a year ago.

July 29, 2015

Wabash Profit Increases, Meritor Drops

Trailer maker Wabash's second quarter earnings showed a big leap in profitability from a year ago, including some record numbers. Meritor, however, saw its results hampered by a strong dollar and weak overseas markets.

July 28, 2015

Consumer Confidence Drops, Service Sector Rebounding

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.

July 28, 2015

UPS Second Quarter Profit Skyrockets

Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.

July 28, 2015

Cummins Profit Increases 6%, Paccar Jumps 40%

Truck engine manufacturer Cummins increased both second quarter revenue and net income, while truck and engine maker Paccar reported record quarterly net income.

July 27, 2015

Swift Profit Jumps More Than 20%

Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.

July 27, 2015

Accuride Increases Second Quarter Profit

Truck component manufacturer Accuride achieved record profitability in the second quarter of the year and a big improvement from the first quarter.

July 27, 2015

Economic Watch: Durable Goods Rebound, Still Down for 2015

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.

July 24, 2015

Economic Watch: New Home Sales Plummet, Manufacturing Rebounds

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.

July 24, 2015

Universal Truckload Services Profit Drops Slightly

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.

July 23, 2015

Earnings Watch: Daimler, Landstar Profit Moves Higher; Dana's Declines

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.

July 23, 2015

Economic Watch: Leading Indicators Post Solid Gain

A measure of where the American economy is headed in the next three to six months increased again, according to figures released on Thursday.

July 22, 2015

Knight, Covenant Report Higher Profits

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.

July 22, 2015

Existing Home Sales Leap; Industrial Production Revised Downward

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.

July 21, 2015

Earnings Lower for Forward Air, Hub Group, Rush Enterprises

Two freight transportation providers, Forward Air and Hub Group, along with dealer group Rush Enterprises, saw second quarter earnings drop.

July 20, 2015

Werner Profit 24% Higher Than Year Ago

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.

July 19, 2015

North America Helps Drive Volvo Profit Higher

The parent to Volvo Trucks North America, Sweden’s Volvo Group, saw its second quarter net income double from a year ago, due in part to increased North American sales.

July 19, 2015

Housing Market Greatly Improved

Conditions for the U.S. housing market look better than they have in years, according to two reports released late last week.

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