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August 27, 2015 - Industry News

Cross-Border Freight Value Falls During June

Percent change in value of U.S.-NAFTA freight flows by mode: June 2014 - 2015. Graphic: U.S. DOT.

The value of freight moved between the U.S. and its North America Free Trade Agreement partners fell in June, according to a new Transportation Department report, totaling $99 billion, as all modes except truck carried less freight.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade

August 27, 2015 - Industry News

Economic Watch: Growth Accelerates in Second Quarter

The U.S. economy grew by leaps and bounds in the second quarter of the year compared to the first quarter, according to a new government estimate released Thursday, which should ease investors fears in the wake of a global stock market sell-off.

Tags: Economy, GDP, Gross Domestic Product

August 26, 2015 - Industry News

Kenworth Execs Talk Trucks and Trucking

Kenworth GM Preston Feight talks with trucking reporters at Kenworth's headquarters. Photo: Deborah Lockridge

In a wide-ranging discussion with trucking journalists at its headquarters Tuesday, Kenworth executives shared their insights on topics ranging from autonomous trucks to the safety of the industry.

Tags: Economy, Kenworth, Truck Platooning, Autonomous Vehicles, Vertical Integration

August 25, 2015 - Industry News

Economic Watch: Latest Readings Don’t Merit Wall Street's Panic

The underlying fundamentals of the U.S. economy are better than, or at least nowhere near as bad as, the panic that set into Wall Street starting late last week and extended into Monday, according to several newly released reports.

Tags: Economy, Consumer Confidence, Manufacturing, Home Sales, Non-Manufacturing, Leading Economic Indicators

August 19, 2015 - Industry News

Economic Watch: Inflation Below Fed's Goal for Raising Interest Rates

Inflationary pressures on the U.S. economy remain low, as evidenced by a report released Wednesday by the Commerce Department showing an increase of just 0.1% in July from the month before.

Tags: Economy, Consumer Prices

August 18, 2015 - Industry News

Truckload Rates Rising Rapidly, Intermodal Lagging

Truckload shipping rates continue to rise, while intermodal shipping continues to get cheaper, according to two of the latest monthly readings. A wider report on freight transportation showed a seasonal lull.

Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates, Cass Freight Index

August 18, 2015 - Industry News

Economic Watch: Homebuilding Best in Years

The U.S. housing market continues to improve, with new home starts hitting their highest level in seven years and builder optimism the best in nearly a decade.

Tags: Economy, Home Starts, Home Building

August 14, 2015 - Industry News

Economic Watch: Factory Activity, Wholesale Prices, Consumer Confidence

The amount of activity at the nation’s factories, mines and utilities turned in its best performance in eight months during July, according to a new Federal Reserve report on Friday.

Tags: Economy, Consumer Confidence, Industrial Production, Wholesale Prices, Consumer Sentiment

August 13, 2015 - Industry News

For-Hire Freight Activity Mixed During June

Freight Transportation Services Index, June 2010 - June 2015. Graphic: U.S. DOT

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

August 13, 2015 - Industry News

Economic Watch: Retail Sales Recover Following Slump

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

Earnings Watch: XPO Logistics, Echo Global Logistics

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

Economic Watch: Trucking, Overall Employment Improve

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

Economic Watch: Job Gains Moderate, Service Sector Jumps

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

Earnings Watch: Roadrunner Transportation, USA Truck

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

Economic Watch: Manufacturing Uneven, Consumer Spending Strong

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

August 3, 2015 - Industry News

ArcBest Reports $20 Million Profit

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

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.

Tags: Economy, GDP

July 30, 2015 - Industry News

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.

Tags: Economy, Old Dominion Freight Line, Fleet Earnings

July 29, 2015 - Industry News

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.

Tags: Economy, Con-way Freight, Celadon Group, Roadrunner Transportation, Con-way Truckload, Heartland Express, Saia, Con-way Inc., Fleet Earnings

July 29, 2015 - Industry News

Wabash Profit Increases, Meritor up on Adjusted Basis

Wabash's second quarter earnings showed a big leap in profitability from a year ago. Meritor results were hampered by a strong dollar and weak overseas markets but were up on an adjusted basis.

Tags: Economy, Trailers, Earnings, Wabash National, Meritor

July 28, 2015 - Industry News

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.

Tags: Economy, Consumer Confidence, Non-Manufacturing

July 28, 2015 - Industry News

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.

Tags: Economy, UPS, UPS Freight, Fleet Earnings

July 28, 2015 - Industry News

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.

Tags: Economy, Cummins, Earnings, Paccar, Peterbilt, Kenworth

July 27, 2015 - Industry News

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.

Tags: Economy, Swift Transportation, Fleet Earnings, Truckload

July 27, 2015 - Industry News

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.

Tags: Economy, Accuride, Earnings, Wheels

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