July 19, 2016 - Industry News
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
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
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
July 13, 2016 - Industry News
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.
Tags: Economy, Freight, Freight Index
July 12, 2016 - Industry News
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.
Tags: Economy, Diesel Prices, Gasoline Prices, Crude Oil Prices
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.
Tags: Economy, Retail Sales, Imports, Ports, Port Trucking
July 11, 2016 - Industry News
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.
Tags: Economy, Detroit Diesel, Freightliner, Western Star, Daimler Trucks, Daimler AG, Earnings
July 8, 2016 - Industry News
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.
Tags: Economy, Unemployment, Employment
July 1, 2016 - Industry News
Two reports show the nation’s manufacturing sector is making continued improvements following a bumpy ride that began last year and early this year.
Tags: Economy, Manufacturing, Construction Spending
June 29, 2016 - Industry News
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.
Tags: Economy, Consumer Spending, Personal Income
June 28, 2016 - Industry News
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.
Tags: Economy, GDP
June 24, 2016 - Industry News
Trailer orders fell nearly 14% month over month in May, coming close to earlier projections for a seasonal slowdown.
Tags: Economy, Trailers, ACT Research, Freight, Trailer Orders
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.
Tags: Economy, Durable Goods, Home Sales, Consumer Sentiment
June 23, 2016 - Industry News
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.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, NAFTA
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.
Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators
June 22, 2016 - Industry News
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.
Tags: Economy, Covenant Transport, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport
June 21, 2016 - Industry News
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
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
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
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
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
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
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 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
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
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