TopNews

Economy

51  -  75  of  1602

February 10, 2016 - Industry News

For-Hire Freight Posts 2% Decline for Last Year

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

The amount of freight moved by the nation’s for-hire sector fell in both the final month of last year and all of 2015, according to the U.S. Transportation Department.

Tags: Economy, For-hire Truck Tonnage, Freight Index, Freight Transportation Services Index

February 10, 2016 - Industry News

Earnings Watch: Forward Air, Rush Enterprises

A record-setting fourth quarter for trucking company Forward Air Corp. has it looking forward to a banner 2016, while Rush Enterprises is cost-cutting to compensate for the low truck sales in the energy sector in 2015.

Tags: Economy, Equipment, Truck Sales, Rush Truck Centers, Rush Enterprises, Forward Air, Fleet Earnings

February 5, 2016 - Industry News

Earnings Watch: Volvo Earnings Improve

Martin Lundstedt, president and CEO Photo: Tommy Holl

The parent company to Volvo, Mack and other truck brands is back in the black, according to earnings reports released Friday, but it plans to cut U.S. production as it nears the end of a four-year cost cutting plan.

Tags: Economy, Volvo Trucks, Quarterly Earnings, Global

February 5, 2016 - Industry News

Economic Watch: Trucking Helps Unemployment Rate Move Lower

While some recent reports have raised questions about the health of the nation’s economy, the latest one shows unemployment has fallen to its lowest level in eight years.

Tags: Economy, Unemployment, Employment

February 4, 2016 - Industry News

Earnings Watch: Hub Group, Roadrunner, ODFL, YRC Worldwide

Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.

Tags: Economy, Old Dominion Freight Line, Roadrunner Transportation, YRC Worldwide, YRC Freight, Hub Group, Fleet Earnings

February 4, 2016 - Industry News

Freightliner Names 2016 Hardest Working Cities

Left to right, Mike Howerton - Allan Haggai - Richard Saward. Photo: Freightliner

Freightliner Trucks has announced four cities that will be recognized as the Hardest Working Cities for 2016.

Tags: Economy, Freightliner, Severe Duty, Awards, Hardest Working Cities

February 4, 2016 - Industry News

Economic Watch: Silver Lining for Manufacturing? Employment Gains, Service Sector Slows

Orders and shipments of factory-made goods were down in a report out Thursday, but earlier reports based on more recent activity indicates conditions may be on the verge of brightening.

Tags: Economy, Factory Orders, Non-Manufacturing, Employment, Factory Shipments

February 4, 2016 - Industry News

Earnings Watch: Cummins Profit Sinks, Daimler Soars

Profit for engine maker Cummins fell sharply in the final quarter of last year due to lower global demand, leading it to scale down plans for its new light-duty engines in North America, while Daimler AG saw record profits for 2015,

Tags: Economy, Cummins, Daimler AG, Earnings, Daimler Trucks North America, Global

February 3, 2016 - Industry News

Earnings Watch: Meritor, Eaton, Wabash National, ArcBest, C.H. Robinson

Earnings season continues this week and with it are the first numbers from major trucking suppliers, such as Meritor, Eaton and Wabash National, in addition to those from trucking operations ArcBest and C.H. Robinson.

Tags: Economy, Eaton, Meritor, Eaton Corp., ABF, Wabash National, C.H. Robinson, ArcBest Corp., Fleet Earnings

February 3, 2016 - Industry News

Spot Freight Rates Fail to Follow Surge in Freight

Load-to-truck ratios on the spot truckload freight market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which were also down for the entire month.

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

February 2, 2016 - Industry News

Earnings Watch: UPS, USA Truck, Ryder Report Profit Gains

UPS Inc. reported its profit skyrocketed in the fourth quarter of the year, totaling $1.33 billion compared to $453 million a year earlier as the company also beat an earnings forecast. USA Truck and Ryder also saw higher profits.

Tags: Economy, UPS, Ryder System, USA Truck, UPS Freight, Fleet Earnings

February 1, 2016 - Industry News

Economic Watch: Manufacturing Improves as Construction Jumps

While activity in the nation’s manufacturing improved in January from the month before, according to reports on Monday, there is disagreement as to whether this sector is expanding or shrinking.

Tags: Economy, Manufacturing, Construction Spending, Personal Spending

January 29, 2016 - Industry News

Economic Watch: GDP Growth Slows, Consumers Still Optimistic

Overall U.S. economic activity eased back on the gas considerably in the final quarter of last year while it expanded in 2015 at the same pace as the year before.

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

January 29, 2016 - Industry News

U.S. Cross-Border Freight Declines More Than 8%

Percent change in value of U.S.-Canada/Mexico freightflows by mode: November 2014 - 2015. Graphic: U.S. DOT

The value of trans-border freight movements between the U.S. and its neighbors took a steep decline, according to new U.S. Transportation Department numbers, while Canada regained its historical rank as top North America trade partner after falling behind Mexico.

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

January 28, 2016 - Industry News

Earnings Watch: Landstar Beats Fourth Quarter Expectations

The asset-light trucking and logistics provider Landstar Thursday reported a decline in its fourth quarter profit, but it was higher than expected, and the company also improved its annual performance.

Tags: Economy, Landstar, Landstar System, Fleet Earnings

January 28, 2016 - Industry News

Economic Watch: Durable Goods Orders Sink as New Home Sales Jump

New orders for long-lasting durable goods plunged in December while shipments also fell, according to an advance report on Thursday from the U.S. Commerce Department, following a decision by the Federal Reserve to not raise a key interest rate.

Tags: Economy, Durable Goods, Home Sales, Federal Reserve

January 27, 2016 - Industry News

Earnings Watch: Lower Fourth Quarter Profits for Knight, Celadon

UPDATED -- Net income for two trucking and logistics companies experienced pullbacks in the fourth quarter of the year, according to earnings reports released Wednesday.

Tags: Economy, Celadon Trucking Services, Celadon Group, Knight Transportation, Fleet Earnings

January 27, 2016 - Industry News

Earnings Watch: Heartland Profit Drops, Patriot Moves Higher

Earnings for the trucking company Heartland Express Inc. (NASDAQ: HTLD) declined in both the final quarter of 2015 and all of last year due to less business while Patriot Transportation Holding Inc. (NASDAQ: PATI) saw an improvement due in large part to a legal settlement.

Tags: Economy, Patriot Transportation, Heartland Express, Florida Rock & Tank Lines, Fleet Earnings

January 27, 2016 - Industry News

Economist: Low Risk of U.S. Recession

Economist Bob Dieli expects “truckable economic activity” to continue to grow at a pace similar to that of 2015. Photo: PacLease

The odds of a recession in the U.S. during the first three quarters are low, according to Bob Dieli, president and founder of RDLB, Inc.

Tags: Economy, HDAW

January 26, 2016 - Industry News

Marten Transport Increases Annual Profit Nearly 20 Percent

The trucking company Marten Transport Ltd. (NASDAQ: MRTN) on Tuesday announced slightly lower earnings for the fourth quarter of the year while seeing a 19.8% increase in its annual profit compared to a year earlier.

Tags: Economy, Marten Transport, Fleet Earnings

January 26, 2016 - Industry News

Economic Watch: Service Sector Loses Steam, Consumer Confidence Up

The latest reading on the health of the nation’s non-manufacturing/service sector of the economy shows it starting the year with slower growth. A separate report shows consumers aren’t paying much heed to recent volatility in financial markets as Federal Reserve officials begin a two-day meeting.

Tags: Economy, Consumer Confidence, Non-Manufacturing

January 25, 2016 - Industry News

Economic Outlook Shows Continued Slow Growth in 2016

LAS VEGAS -- The economy is expected to continue to expand at a pace slightly above trends for 2016, according to Bill Strauss, senior economist and economic advisor, Federal Reserve Bank of Chicago. Speaking in Las Vegas at Heavy Duty Aftermarket Dialogue Monday, Strauss talked about a number of factors affecting the economy and offered his thoughts on what we can expect for the year ahead.

Tags: Economy, HDAW

January 25, 2016 - Industry News

Earnings Watch: Swift Beats Expectations, Covenant Numbers Mixed

One of the nation’s largest trucking companies reported improved earnings for the final quarter of last year and beating its expectations for all of 2015 while another publicly held fleet's latest three-month numbers failed to live up to its annual performance.

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

January 22, 2016 - Industry News

Economic Watch: Manufacturing, Housing Post Big Rebounds

U.S. manufacturers started the year with a rebound in output and new business growth, according to preliminary results of a survey released Friday. A separate report shows sales of existing homes were the best since before the Great Recession.

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

January 22, 2016 - Industry News

Earnings Season Begins with J.B. Hunt Profit Increase

Although many analysts are expecting generally lower fourth-quarter earnings for the nation’s publicly held companies, J.B. Hunt kicked off the earnings season for trucking on Thursday by reporting a 6% increase in profit.

Tags: Economy, Intermodal, JB Hunt, Fleet Earnings

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

Lubricants

The expert, Mark Betner from CITGO, will answer your questions

View All

GotQuestions?

Transmissions

The expert, Brian Fletcher from Eaton, will answer your questions

View All