July 19, 2016
The Swedish parent to truck brands Volvo, Mack and others reported its second quarter profit slid from a year ago due to lower sales in many parts of the world and has downwardly revised its expectations in North America.
July 18, 2016
Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.
July 15, 2016
A jump in retail sales and industrial output are just two of several economic indicators released Friday showing the economy is performing at least somewhat better, but there are still some lingering concerns.
July 13, 2016
A U.S. Transportation Department measure of the amount of freight carried by the nation's for-hire transportation industry rose 0.2% in May from April, the second consecutive monthly gain, and is just 1.5% below the all-time high level hit in December 2014.
July 12, 2016
A new government forecast is calling for double-digit gains in diesel prices next year, although gasoline is expected increase by only half as much.
Import cargo volume at the nation’s major retail container ports should see a small-but-significant increase this month as merchants stock up for the back-to-school season, then see a larger wave in late summer and fall for the holiday shopping season.
July 11, 2016
The second quarter earnings season got underway on Monday with Daimler AG unexpectedly releasing numbers showing its adjusted earnings in the second quarter of the year are “significantly above market expectations” – but the news did not carry over into its truck operations.
July 8, 2016
While U.S. non-farm payrolls swelled by 287,000 jobs in June, the most since October, the number of trucking jobs fell for the fifth straight month, according to a new U.S. Labor Department report.
July 1, 2016
Two reports show the nation’s manufacturing sector is making continued improvements following a bumpy ride that began last year and early this year.
June 29, 2016
One of the biggest drivers of the U.S. economy increased for the second straight month in May, adding to optimism that growth in the second quarter will be better than the slow first quarter pace.
June 28, 2016
U.S. economic growth improved more than previous estimates, but not by much, according to Commerce Department figures released Tuesday. Stronger net exports and business investment offset an unexpected downward revision to consumer spending.
June 24, 2016
Trailer orders fell nearly 14% month over month in May, coming close to earlier projections for a seasonal slowdown.
Orders and shipments of long-lasting durable goods fell in May, according to a preliminary Commerce Department report. One measure of business investment fell by the most in three months, but other reports show homes and consumers remain a cornerstone of the economy.
June 23, 2016
Trucks carried more U.S. freight by value between North American Free Trade Agreement partners Canada and Mexico in April 2016 compared to the same time a year ago, but declines in all other freight modes led to a 3.2% drop in the total current dollar value of cross-border freight.
The nation’s manufacturing is continuing to show signs of renewed life following a downturn, while separate reports show overall moderate economic growth with existing home sales booming.
June 22, 2016
Covenant Transportation Group Inc. has lowered expectations for its second quarter earnings report due to the current freight market as well as internal issues it’s facing.
June 21, 2016
FedEx Corp. cut much, but not all, of its second quarter losses compared to a year earlier, while a preview of Werner Enterprises Inc. second quarter earnings sent heartburn throughout trucking and Wall Street amid concerns about second quarter trucking profits.
Separate gauges of truckload line haul rates and intermodal rates both fell in May, according to newly released figures, following a Monday report showing freight levels are well below those of the last several years.
June 20, 2016
Although North American freight shipments continued to climb in May, they are still well below those of the last several years, and expenditures for freight fell for the third time in five months, according to the latest Cass Freight Index Report.
June 16, 2016
After enduring a bruising first quarter that saw falling profits at many fleets, it comes as no surprise that in a second quarter survey of business conditions fleet executives are feeling a bit down.
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