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Economy

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June 21, 2016 - Industry News

Earnings Watch: FedEx Narrows Loss, Werner Lowers Expectations

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.

Tags: Economy, Werner Enterprises, FedEx, FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings

June 21, 2016 - Industry News

Truckload Linehaul, Intermodal Rates Still Dropping

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.

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

June 20, 2016 - Industry News

Slow Economy Reflected in Lower Freight Shipments, Spending

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.

Tags: Economy, Freight Rates, Cass Freight Index, Freight Capacity

June 16, 2016 - Industry News

Economic Watch: Consumer Prices Rise, Inflation Within Fed Target

Retail prices inched up again in May, while a closely watched measure of inflation by the U.S. Federal Reserve remains slightly above a level that sets the stage for an interest rate hike later this year.

Tags: Economy, Interest Rates, Consumer Prices, Federal Reserve

June 15, 2016 - Industry News

Economic Watch: Industrial Production Falls, Wholesale Prices Up

A decline in manufacturing activity helped push down the amount of output from the nation’s factories, mines and utilities in May, while prices at the wholesale level moved higher for the second straight month, according to economic reports released Wednesday.

Tags: Economy, Industrial Production, Manufacturing, Wholesale Prices, Producer Prices, Business Inventories

June 14, 2016 - Industry News

Economic Watch: Retail Sales Post Another Solid Gain

U.S. retail sales rose a stronger-than-expected 0.5% in May from the month before, building on a strong April gain, which could lead to better expectations of overall second quarter economic growth.

Tags: Economy, Retail Sales, Employment

June 6, 2016 - Industry News

Daimler Trucks to Cut 1,240 Jobs

DTNA has announced a workforce reduction across its North American production facilities, laying off about 1,240 workers in response to sustained reductions in truck orders.

Tags: Economy, Layoffs, Truck Orders, Daimler Trucks North America

May 27, 2016 - Industry News

Trucking Sees Smallest Decline In Cross-Border Freight Flows

Percent change in value of U.S.-NAFTA freight flows by mode: March 2015-2016. Graphic: U.S. DOT

Trucking and four other transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in March 2016 compared to a year earlier, according to a new Transportation Department report.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Railroads

May 27, 2016 - Industry News

Economic Watch: GDP Growth Improves, Still Weak; Consumers Happy

Despite the nation’s gross domestic product in the first quarter of the year moving higher than first thought, growth remains at its lowest level since the first quarter of 2015, according to a Commerce Department report released Friday. Yet a separate survey shows this has yet to damper consumers’ feelings.

Tags: Economy, GDP, Consumer Sentiment, Gross Domestic Product

May 26, 2016 - Industry News

Economic Watch: Business Investment Still Weak, Durable Goods Orders Jump

Orders for long-lasting manufactured durable goods surged in April, but the hike is a bit deceptive if you don’t dig below the surface of Commerce Department numbers.

Tags: Economy, Durable Goods, Manufacturing

May 24, 2016 - Industry News

Economic Watch: Manufacturing Weakens More, New Home Sales Jump

The U.S. manufacturing sector crept closer to contracting in May, while new homes sales in April hit their highest level in more than eight years.

Tags: Economy, Manufacturing, Home Sales

May 17, 2016 - Industry News

Economic Watch: Retail Inflation, Industrial Production Rebound

Retail prices in the U.S. posted their biggest gain in three years during April, while industrial production increased the most in more than a year, as e-commerce and housing starts remain healthy.

Tags: Economy, E-commerce, Industrial Production, Manufacturing, Home Starts, Consumer Prices, Home Building

May 16, 2016 - Industry News

Earnings Watch: Radiant Logistics Moves Into the Red

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. reported on Monday afternoon it swung from a profit to a loss in the first quarter of the year despite a 54.2% increase in net revenue.

Tags: Economy, Earnings, Radiant Logistics, Fleet Earnings

May 16, 2016 - Industry News

Freight Shipments, Rates Well Below Year Earlier Levels

The amount of North America freight shipments and freight spending remain below levels from a year ago despite monthly gains, according to the latest Cass Freight Index report, and there is a concern conditions could get worse.

Tags: Economy, Railroads, Intermodal, Freight, Freight Rates, Cass Freight Index

May 13, 2016 - Industry News

Economic Watch: Retail Sales, Consumer Sentiment Improve; Wholesale Inflation Returns

One of the biggest drivers of the American economy is showing renewed signs of life as consumers seem to be more upbeat following a sluggish first quarter. However, an economic drag on trucking remains stubbornly high as prices at the wholesale level turned slightly higher.

Tags: Economy, Retail Sales, Wholesale Prices, Business Inventories, Producer Prices, Consumer Sentiment

May 11, 2016 - Industry News

For-Hire Freight Measure Falls to Lowest Level in Two Years

Freight Transportation Services Index, March 2011 - March 2016. Graphic: U.S. DOT

The amount of freight moved by the nation’s entire for-hire transportation industry declined for the second straight month in March, hitting its lowest level since March 2014, according to U.S. Transportation Department figures released on Wednesday.

Tags: Economy, Freight, Freight Index

May 10, 2016 - Industry News

Feds Predict Higher Fuel Price Increases

Federal officials have raised their expectations for diesel and gasoline prices this year and are predicting even larger hikes coming for 2017, according to a new report from the U.S. Department of Energy.

Tags: Economy, Diesel Prices, Gasoline Prices, Crude Oil Prices

May 3, 2016 - Industry News

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.

Tags: Economy, Cummins, Accuride, Earnings

May 2, 2016 - Industry News

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.

Tags: Economy, Construction Industry, Manufacturing

April 29, 2016 - Industry News

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

Tags: Economy, Earnings, ABF, ArcBest Corp., Fleet Earnings

April 28, 2016 - Industry News

Cross-Border Truck Freight Rises, Overall Value Declines

Percent change in the value of U.S.-NAFTA freight flows by mode: February 2015-2016. Graphic: U.S. DOT

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%.

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

April 28, 2016 - Industry News

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.

Tags: Economy, UPS, Old Dominion Freight Line, Earnings, UPS Freight, Universal Truckload, Fleet Earnings, YRC Worldwide, YRC Freight

April 28, 2016 - Industry News

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%.

Tags: Economy, GDP, Gross Domestic Product

April 27, 2016 - Industry News

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.

Tags: Economy, Celadon Trucking Services, Celadon Group, Covenant Transport, Earnings, Patriot Transportation, Saia, Florida Rock & Tank Lines, Covenant Transportation Group, Fleet Earnings

April 27, 2016 - Industry News

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.

Tags: Economy, Spot Freight, Freight Rates, DAT Solutions

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