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Economy

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August 16, 2016 - Industry News

Economic Watch: Manufacturing Pushes Industrial Production Higher Amid Other Reports

The output from the nation's factories, mines and utilities increased in July, the largest gain since November 2014, and there also are improvements in housing and e-commerce. But there is disagreement over what the latest inflation numbers mean for interest rates.

Tags: Economy, Industrial Production, Manufacturing, Consumer Prices, Federal Reserve, Home Building

August 16, 2016 - Industry News

Cass Freight Index: Shipments, Freight Spending Continue Declines

Overall shipment volumes and pricing are persistently weak, with increased levels of volatility as all levels of the supply chain continue to try to work down inventory levels, according to the latest Cass Freight Index report.

Tags: Economy, Cass Freight Index

August 10, 2016 - Industry News

Trucking Pushes For-Hire Shipments Higher for Third Straight Month

Freight Transportation Services Index, June 2011 - June 2016. Graphic: U.S. DOT<br />

A new U.S. Transportation Department report shows the amount of freight carried by the nation’s for-hire transportation industry rose 0.6% in June from the month before, due in part to increased trucking shipments, and is up 0.4% from the same time

Tags: Economy, Freight Index

August 8, 2016 - Industry News

ATA Report Breaks Down Trucking's Big 2015

The American Trucking Associations has released the latest edition of its almanac of trucking, ATA American Trucking Trends 2016, which showcases industry trends over the last decade.

Tags: Economy, ATA, Revenues, Industry Trends

August 5, 2016 - Industry News

Economic Watch: Unemployment Falls, Trade Deficit Jumps

Both trucking and the wider economy added jobs in July, according to new Commerce Department figures, while separate reports show the U.S. trade deficit grew in June to a one-year high and new factory orders fell again.

Tags: Economy, GDP, Unemployment, Factory Orders, Employment, Factory Shipments, Gross Domestic Product

August 5, 2016 - Industry News

Quarterly Intermodal Growth Streak Ends

Graphic: IANA

Overall intermodal traffic recorded its first volume decline in the second quarter of the year following 25 consecutive quarters of growth, according to a new report from the Intermodal Association of North America.

Tags: Economy, Railroads, Intermodal

August 3, 2016 - Industry News

Earnings Watch: XPO Swings Into the Black, USA Reports Loss

Two trucking operations reported their second-quarter financials on Wednesday, with one reporting its first profit since purchasing LTL carrier Con-way last year, while the other reported a loss that was attributed to falling rates and freight volume.

Tags: Economy, USA Truck, Con-way Inc., XPO Logistics, Fleet Earnings

August 1, 2016 - Industry News

Economic Watch: Manufacturing Continues Rebound, Construction Declines

After hitting a post-Great Recession low, economic activity in the nation’s manufacturing sector continues to grow, but how strong that growth is depends on which report you read.

Tags: Economy, Manufacturing, Construction Spending

July 29, 2016 - Industry News

Economic Watch: New GDP Reading Disappoints, Consumer Sentiment Falls

Hopes that the American economy picked up a good head of steam in the second quarter of the year were quickly dashed on Friday following numbers being issued by the U.S. Commerce Department.

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

July 29, 2016 - Industry News

Earnings Watch: UPS, YRC, Saia, ArcBest, Universal

The week wrapped up with more fleets reporting their second-quarter earnings. Like many that have already advised, profits for three were lower, while the largest trucking company in the nation and another a few years ago that was on the brink of extinction showed improvements.

Tags: Economy, UPS, ABF, YRC Worldwide, YRC Freight, Saia, UPS Freight, Universal Truckload, ArcBest Corp., Fleet Earnings, Universal Logistics Holdings

July 27, 2016 - Industry News

Earnings Watch: Covenant, Knight, Roadrunner See Lower Profits

Phrases such a “challenging freight market” and a freight environment that’s “less attractive” continued to be some of the buzz words Wednesday as another raft of second quarter corporate earnings washed ashore, while one company defied the trend with its net income soaring more than 300%.

Tags: Economy, Covenant Transport, Roadrunner Transportation, Knight Transportation, Echo Global Logistics, Covenant Transportation Group, Fleet Earnings

July 27, 2016 - Industry News

Economic Watch: Durable Goods Dive, New Home Sales Jump

While new orders for manufactured durable goods plunged in June, a closely watched economic indicator shows a gain for the first time in three months, as a separate report shows a big hike in new home sales and another is calling for even better retail sales.

Tags: Economy, Retail Sales, Durable Goods, Manufacturing, Home Sales

July 26, 2016 - Industry News

Earnings Watch: Hub, C.H. Robinson, Wabash National, Rush Enterprises

The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.

Tags: Economy, Truck Sales, 3PL, Rush Enterprises, Earnings, Wabash National, C.H. Robinson, Hub Group, Fleet Earnings

July 22, 2016 - Industry News

Economic Watch: Manufacturing, Leading Indicators Spark Optimism

A new preliminary report shows U.S. manufacturing rising this month at its fastest pace since November 2015, following a post-Great-Recession low in May – "an encouraging sign of revival," says financial information services provider Markit.

Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators, Home Building

July 22, 2016 - Industry News

Earnings Watch: Werner, Swift Profits Fall; Forward Air Reports Loss

Profits for two trucking companies turned lower in the second quarter of the year while a third moved into the red, according to newly released earnings reports.

Tags: Economy, Werner Enterprises, Forward Air, Swift Transportation, Freight Rates, Fleet Earnings

July 21, 2016 - Industry News

Earnings Watch: Daimler Profit Rises 3%, Dana Earnings Fall

Car and truck maker Daimler AG reported a slight increase in its second quarter profit, but it expects significantly lower truck sales for this year. Meanwhile, one supplier is feeling the effects of the slowing North American commercial vehicle market.

Tags: Economy, Detroit Diesel, Freightliner, Western Star, Daimler Trucks, Daimler AG, Dana Holding Corp., Earnings, Daimler Trucks North America

July 20, 2016 - Industry News

Mack Weathering Sales ‘Correction’ Well, President Says

Photo: Mack Trucks

Moderating new truck production and trade-ins have avoided layoffs and a greater glut of used trucks on dealers' lots, Dennis Slagle says.

Tags: Economy, Truck Sales, Mack Trucks, Mack Granite

July 20, 2016 - Industry News

Truckload Linehaul Rates Remain Soft, Intermodal Rates Continue Steep Drop

Truckload linehaul rates in June were nearly the same as the month before, but they are still below levels from a year ago, while there seems to be no end to the recent drop in rates for intermodal shipments.

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

July 20, 2016 - Industry News

Landstar Profit Sinks 20%, Falls Short of Expectations

Asset-light trucking and related services provider Landstar System reported a 20% second quarter decline in earnings due to lower revenue and a big insurance claim.

Tags: Economy, Landstar, Landstar System, Fleet Earnings

July 19, 2016 - Industry News

Earnings Watch: Marten Profit Bumps 2% Higher

Temperature-controlled carrier Marten Transport reported an increase in its second quarter earnings. Although it's another small gain, it did beat analysts' expectations.

Tags: Economy, Marten Transport, Fleet Earnings

July 19, 2016 - Industry News

Freight Shipments, Expenditures Hit Highest Levels of 2016 but Will it Continue?

Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear if this is part of a larger trend.

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

July 19, 2016 - Industry News

Truck Tonnage Index Seesaws Downward in June

Source: ATA

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index dropped by 1.5% in June, following a nearly 3% gain in May.

Tags: ATA, Freight, Truck Tonnage, Truck Tonnage Index, Economy

July 19, 2016 - Industry News

Earnings Watch: Volvo Says Net Profit Falls, Announces Fine in EU Probe

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.

Tags: Volvo, Economy, Volvo Trucks, Earnings, European Union, Volvo Trucks North America, Global

July 18, 2016 - Industry News

Earnings Watch: J.B. Hunt Improves Second Quarter Profit by 2%

Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.

Tags: Economy, 3PL, Intermodal, J.B. Hunt, Earnings, Fleet Earnings, Dedicated Fleets

July 15, 2016 - Industry News

Economic Watch: Retail Sales, Industrial Production Improve

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.

Tags: Economy, Retail Sales, Industrial Production, Manufacturing, Consumer Prices, Wholesale Prices, Consumer Sentiment, Business Inventories

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