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Economy

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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 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.

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

July 27, 2015 - Industry News

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.

Tags: Economy, Durable Goods, Manufacturing

July 24, 2015 - Industry News

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.

Tags: Economy, Manufacturing, Home Sales

July 24, 2015 - Industry News

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.

Tags: Economy, Universal Truckload, Fleet Earnings

July 23, 2015 - Industry News

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.

Tags: Economy, Daimler Trucks, Daimler AG, Dana Holding Corp., Earnings, Dana, Landstar System, Fleet Earnings

July 23, 2015 - Industry News

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.

Tags: Economy, The Conference Board, Leading Economic Indicators

July 22, 2015 - Industry News

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.

Tags: Economy, Covenant Transport, Knight Transportation, Covenant Transportation Group, Fleet Earnings

July 22, 2015 - Industry News

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.

Tags: Economy, Industrial Production, Home Sales, Federal Reserve

July 21, 2015 - Industry News

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.

Tags: Economy, Rush Truck Centers, Rush Enterprises, Earnings, Forward Air, Hub Group, Truck Dealers, Fleet Earnings

July 20, 2015 - Industry News

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.

Tags: Economy, Werner Enterprises, Fleet Earnings

July 19, 2015 - Industry News

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.

Tags: Economy, Volvo Trucks, Earnings, Volvo Group

July 19, 2015 - Industry News

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.

Tags: Economy, Home Starts, Home Building

July 19, 2015 - Industry News

J.B. Hunt Profit Inches Higher in Second Quarter

Photo by Jim Park.

J.B. Hunt Friday announced an increase in its second quarter 2015 net earnings to $103.4 million, or diluted earnings per share of 88 cents.

Tags: Intermodal, J.B. Hunt, Fleet Earnings, Economy

July 19, 2015 - Industry News

Economic Watch: Inflation Positive, Consumer Confidence Down

Consumer prices increased in June from the month before, in positive territory for the first time this year, according to the U.S. Labor Department. A separate report shows consumers' feeling about the economy a just a little less hot than earlier.

Tags: Economy, Consumer Confidence, Consumer Prices, Inflation, Consumer Sentiment

July 16, 2015 - Industry News

Freight Shipment, Expenditure Levels Mixed

The amount of freight moved and how much shippers paid recovered somewhat in June in the U.S., but both are below levels from a year ago, according to the latest Cass Freight Index report.

Tags: Economy, Freight, Cass Freight Index

July 15, 2015 - Industry News

Truckload Linehaul Rates Improve, Intermodal Slides

A measure of base linehaul truckload rates show increases last month while intermodal rates fell for the sixth straight month, according to reports released Wednesday.

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

July 15, 2015 - Industry News

Economic Watch: Wholesale Prices, Industrial Production Rise

Wholesale prices advanced 0.4% in June, according to the U.S. Labor Department, more than many analysts were expecting.

Tags: Economy, Industrial Production, Department of Labor, Producer Prices

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