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September 14, 2015 - Industry News

Economy Improving, But Challenges Abound

John Larkin, Stifel Nicolaus, discusses the economic outlook at TMW Systems' user conference Sept. 14 in Orlando. Photo by Jim Beach

There are a number of positives for the U.S. economy and for trucking going forward, but a number of “headwinds” remain. That according to John Larkin, managing director of the investment firm Stifel, Nicolaus & Company.

Tags: TMW Systems, John Larkin, Economy, Industry Trends

September 14, 2015 - Industry News

Cass Freight Index Posts Unusual Drop for August

North American freight shipment volume and expenditures dropped for the second month in a row during August as the summer slowdown hit.

Tags: Economy, Cass Freight Index

September 10, 2015 - Industry News

For-Hire Freight Shipments Rebound After One-Month Decline

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

A measure of the amount of freight moved by the nation’s for-hire transportation industry rose 0.6% in July from June, following a single month decline.

Tags: Economy, Freight Index, Freight Transportation Services Index

September 4, 2015 - Industry News

Trucking Gains 700 Jobs, Unemployment Drops to 5.1%

Photo: Schneider National

August employment numbers show a 700-job gain for the trucking industry, while unemployment dropped to its lowest level since April 2008.

Tags: Economy, Unemployment, Employment

September 2, 2015 - Industry News

Economic Watch: U.S. Jobs Picture Improves, Manufacturing Struggling

The employment picture in the U.S. continues to improve but the manufacturing sector is fighting to show better signs of life.

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

August 27, 2015 - Industry News

Cross-Border Freight Value Falls During June

Percent change in value of U.S.-NAFTA freight flows by mode: June 2014 - 2015. Graphic: U.S. DOT.

The value of freight moved between the U.S. and its North America Free Trade Agreement partners fell in June, according to a new Transportation Department report, totaling $99 billion, as all modes except truck carried less freight.

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

August 27, 2015 - Industry News

Economic Watch: Growth Accelerates in Second Quarter

The U.S. economy grew by leaps and bounds in the second quarter of the year compared to the first quarter, according to a new government estimate released Thursday, which should ease investors fears in the wake of a global stock market sell-off.

Tags: Economy, GDP, Gross Domestic Product

August 26, 2015 - Industry News

Kenworth Execs Talk Trucks and Trucking

Kenworth GM Preston Feight talks with trucking reporters at Kenworth's headquarters. Photo: Deborah Lockridge

In a wide-ranging discussion with trucking journalists at its headquarters Tuesday, Kenworth executives shared their insights on topics ranging from autonomous trucks to the safety of the industry.

Tags: Economy, Kenworth, Truck Platooning, Autonomous Vehicles, Vertical Integration

August 25, 2015 - Industry News

Economic Watch: Latest Readings Don’t Merit Wall Street's Panic

The underlying fundamentals of the U.S. economy are better than, or at least nowhere near as bad as, the panic that set into Wall Street starting late last week and extended into Monday, according to several newly released reports.

Tags: Economy, Consumer Confidence, Manufacturing, Home Sales, Non-Manufacturing, Leading Economic Indicators

August 19, 2015 - Industry News

Economic Watch: Inflation Below Fed's Goal for Raising Interest Rates

Inflationary pressures on the U.S. economy remain low, as evidenced by a report released Wednesday by the Commerce Department showing an increase of just 0.1% in July from the month before.

Tags: Economy, Consumer Prices

August 18, 2015 - Industry News

Truckload Rates Rising Rapidly, Intermodal Lagging

Truckload shipping rates continue to rise, while intermodal shipping continues to get cheaper, according to two of the latest monthly readings. A wider report on freight transportation showed a seasonal lull.

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

August 18, 2015 - Industry News

Economic Watch: Homebuilding Best in Years

The U.S. housing market continues to improve, with new home starts hitting their highest level in seven years and builder optimism the best in nearly a decade.

Tags: Economy, Home Starts, Home Building

August 14, 2015 - Industry News

Economic Watch: Factory Activity, Wholesale Prices, Consumer Confidence

The amount of activity at the nation’s factories, mines and utilities turned in its best performance in eight months during July, according to a new Federal Reserve report on Friday.

Tags: Economy, Consumer Confidence, Industrial Production, Wholesale Prices, Consumer Sentiment

August 13, 2015 - Industry News

For-Hire Freight Activity Mixed During June

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

A measure of the amount of for-hire freight movements in the U.S. posted mixed numbers for June, according to new Transportation Department figures.

Tags: Economy, Freight, Freight Index

August 13, 2015 - Industry News

Economic Watch: Retail Sales Recover Following Slump

U.S. consumers showed a new willingness to spend more money last month, an indication there may be increasing momentum in the economy.

Tags: Economy, Retail Sales

August 10, 2015 - Industry News

Earnings Watch: XPO Logistics, Echo Global Logistics

Two varied freight transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases while the other moved into the red, but only slightly.

Tags: Economy, XPO Logistics, Echo Global Logistics, Fleet Earnings

August 7, 2015 - Industry News

Economic Watch: Trucking, Overall Employment Improve

As for-hire trucking employment hit its highest level in more than eight years, total non-farm employment in the U.S. increased by 215,000 jobs while the unemployment rate remained unchanged.

Tags: Economy, Unemployment, Employment

August 5, 2015 - Industry News

Economic Watch: Job Gains Moderate, Service Sector Jumps

Even as service sector growth surged in July, a lackluster employment report is leading to more speculation on whether the Federal Reserve will raise interest rates at its September meeting.

Tags: Economy, Non-Manufacturing, Employment

August 4, 2015 - Industry News

Earnings Watch: Roadrunner Transportation, USA Truck

Roadrunner Transportation Systems Inc. on Tuesday reported increases for both profit and revenue for the second quarter of the year.

Tags: USA Truck, Fleet Earnings, Roadrunner Transportation, Economy

August 3, 2015 - Industry News

Economic Watch: Manufacturing Uneven, Consumer Spending Strong

The pace of U.S. manufacturing growth, a key indicator affecting trucking, slowed in July from its highest level in five months, according to a survey of the nation’s supply executives.

Tags: Economy, Manufacturing, Consumer Spending, Personal Income

August 3, 2015 - Industry News

ArcBest Reports $20 Million Profit

With record second-quarter revenue, ArcBest's net income rose to $20 million, or 74 cents per diluted share, from $17.2 million, or 64 cents per diluted share a year earlier.

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

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 up on Adjusted Basis

Wabash's second quarter earnings showed a big leap in profitability from a year ago. Meritor results were hampered by a strong dollar and weak overseas markets but were up on an adjusted basis.

Tags: Economy, Trailers, Earnings, Wabash National, Meritor


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