Economy

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May 6, 2016

The Inventory Thorn in Trucking's Side

For many trucking companies business has slowed, and recent numbers bear this out, both in first-quarter earnings reports as well as in broader statistics.

May 3, 2016

Earnings Watch: Accuride Losses Widen, Cummins Profit Declines

Lower North American truck sales led to lower financials compared to a year ago for two Indiana-based companies.

May 2, 2016

Economic Watch: Manufacturing Remains Weak, Construction Strong

Two new readings of the U.S. manufacturing sector for April show the second quarter began with a slowdown in production and new business growth, while a separate report indicates construction activity is booming.

April 29, 2016

Earnings Watch: ABF Parent ArcBest Moves to a First Quarter Loss

The parent to less-than-truckload carrier ABF Freight moved into the red in the first quarter of the year, according to its earnings report released Friday, as many other companies are also reporting weaker performances compared to a year ago

April 28, 2016

Cross-Border Truck Freight Rises, Overall Value Declines

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%.

April 28, 2016

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.

April 28, 2016

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%.

April 27, 2016

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.

April 27, 2016

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.

April 27, 2016

Wabash National Profit Soars Nearly 163% from Year Ago

Setting new records in a variety of different categories allowed trailer manufacturer Wabash National Corp. to report more than doubled first quarter profit over a year ago.

April 26, 2016

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.

April 26, 2016

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.

April 22, 2016

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.

April 22, 2016

Earnings Watch: Daimler, Volvo Profits Lower Amid Slower Truck Sales

Earnings for two of the world’s largest truck makers moved lower in the first quarter, according to earnings reports issued Friday.

April 21, 2016

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.

April 21, 2016

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.

April 20, 2016

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.

April 19, 2016

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.

April 19, 2016

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.

April 18, 2016

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.

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