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Economy

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November 3, 2016 - Industry News

Earnings Watch: ArcBest Profit Falls, Celadon Reports Loss

The parent of a company primarily known for its less-than-truckload fleet saw its profit fall by nearly a third while a separate carrier that provides long-haul truckload and other services moved into the red, according to newly released earnings numbers.

Tags: Economy, Celadon Trucking Services, Celadon Group, Panther, ABF, ArcBest Corp., Fleet Earnings

November 2, 2016 - Industry News

Earnings Watch: XPO, Roadrunner Report Improved Earnings

While many trucking operations have reported lower third quarter profits during this earnings season, there were two exceptions on Wednesday.

Tags: Economy, Roadrunner Transportation, XPO Logistics, Fleet Earnings

November 1, 2016 - Industry News

Economic Watch: Manufacturing Continues Rebound, Construction Falls

New economic reports show the nation’s manufacturing sector continues improving along with consumer spending-- the latest signs the overall economy is gaining traction-- while a separate report shows construction activity has eased, but only just a bit.

Tags: Economy, Manufacturing, Consumer Spending, Construction Spending

October 28, 2016 - Industry News

Economic Watch: GDP Growth Roars Back, Hits 'Turning Point'

Growth in the U.S. economy accelerated in the third quarter of the year, posting its biggest gain in two years, according to Commerce Department numbers released Friday morning. However, a separate report shows consumer confidence slipped.

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

October 27, 2016 - Industry News

Earnings Watch: YRC, Universal Truckload Post Smaller Profits

Earnings for the parent of the mainly less-than-truckload carrier YRC Freight and others turned in a smaller third quarter numbers late Thursday, while one logistics operator also reported its profit is down from a year ago.

Tags: Economy, YRC Worldwide, YRC Freight, Fleet Earnings, Universal Logistics Holdings

October 27, 2016 - Industry News

Cross-Border Freight Value Posts First Hike in More Than a Year

U.S.-NAFTA freight value percent change from previous year over the last 24 months. Graphic: U.S. DOT

The total value of U.S. freight moved between Canada and Mexico during August posted its first year-over-year increase since December 2014, according to new Transportation Department figures.

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

October 27, 2016 - Industry News

Earnings Watch: UPS, ODFL Rise; Knight, P.A.M., Hub, Echo Fall

At a time when many trucking companies are reporting lower third quarter profits, two report slight gains – but they remain the exception rather than the rule.

Tags: Economy, UPS, Old Dominion Freight Line, Knight Transportation, UPS Freight, Echo Global Logistics, Hub Group, PAM Transport, Fleet Earnings

October 27, 2016 - Industry News

Economic Watch: Durable Goods Mixed, New Home Sales Best in 9 Years

Shipments and new orders for long-lasting manufactured durable goods were varied in September. While home sales continue growing, one key economic indicator fell.

Tags: Economy, Durable Goods, Manufacturing, Home Sales

October 26, 2016 - Industry News

Earnings Watch: Saia Earnings Up, C.H. Robinson Down

As more trucking companies report third quarter earnings, most are showing profits are down from the same time a year ago – but there are a few exceptions.

Tags: Economy, Saia, C.H. Robinson, Fleet Earnings

October 24, 2016 - Industry News

Economic Watch: Manufacturing, Leading Indicators Rebound

New preliminary numbers suggest U.S. manufacturers started the fourth quarter in a strong fashion, and other numbers point to an improving overall economy in the final three months of the year -- with manufacturing and housing, two key areas related to truck freight, helping lead the way.

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

October 20, 2016 - Industry News

Earnings Watch: Heartland, Werner, Forward Air Profits Fall, Marten Stable

UPDATED -- The third quarter earnings season continued on Thursday with the release of reports showing more trucking companies had lower earnings compared to a year ago, with another held on.

Tags: Economy, Werner Enterprises, Heartland Express, Forward Air, Fleet Earnings, Marten Transport

October 19, 2016 - Industry News

Earnings Watch: Covenant Profit Plunges 62%, Landstar Slips 7.6%

Profit for the Tennessee-based parent to Covenant Transport plummeted in the third quarter, while Landstar System recorded only a 7.6% decline, according to numbers released late Wednesday afternoon.

Tags: Economy, Covenant Transport, Landstar System, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

October 19, 2016 - Industry News

Freight Index Disappoints After Offering ‘False Hope’

After offering a glimmer of “less bad” hope in August, one measure of freight shipments data in September disappointed.

Tags: Economy, Freight Rates, Cass Freight Index

October 19, 2016 - Industry News

Economic Watch: Consumer Prices Jump, May Push Interest Rates Higher

While the strength of nation’s homebuilding market has eased just a bit, it remains robust. Meanwhile, a measure of consumer prices show it’s approaching a level the Federal Reserve has said it needs to hit in order to raise interest rates.

Tags: Economy, Interest Rates, GDP, Home Starts, Consumer Prices, Federal Reserve, Home Building, Gross Domestic Product

October 17, 2016 - Industry News

Economic Watch: Manufacturing Pushes Industrial Production Higher

The total output from the nation’s factories, mines and utilities rebounded last month, posting its best quarterly performance in a year, due in part to increased manufacturing, according to new Federal Reserve figures.

Tags: Economy, Interest Rates, Industrial Production, Manufacturing, Federal Reserve

October 17, 2016 - Industry News

Earnings Watch: Lower J.B. Hunt Numbers Kick off 3rd Quarter Reports

Third quarter earnings for the nation’s trucking companies began rolling in on Monday, following reports of lowered expectations as several negative factors weigh on the nation’s freight markets.

Tags: Economy, Forward Air, JB Hunt, Covenant Transportation Group, Fleet Earnings, Universal Logistics Holdings

October 14, 2016 - Industry News

Economic Watch: Retail Sales Rebound But Consumers Less Upbeat

Retail sales in the U.S. posted a solid gain in September, indicating consumers remain confident about the economy – but a separate report revealed that certainty is being hit by the race for White House.

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

October 13, 2016 - Industry News

For-Hire Freight Slips Following Four Straight Monthly Gains

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

The amount of freight moved by the nation’s for-hire transportation industry fell in August after rising four straight months, according to new Transportation Department figures, and reflecting trends in the overall economy.

Tags: Economy, Freight Index

October 7, 2016 - Industry News

Economic Watch: Trucking Employment Sinks, Manufacturing Gains

Trucking employment in the U.S. slipped in September despite overall non-farm job growth moving higher for the 72nd straight month, according to a new Labor Department report. But other reports indicate manufacturing is regaining some steam, fueling speculation over an interest rate hike.

Tags: Economy, Interest Rates, Unemployment, Manufacturing, Employment, Federal Reserve

October 2, 2016 - Industry News

Uncertainty Holding Back Growth, Says Economist at ATA MC&E

The economy and its effect on trucking was the topic of a general session on Sunday, hosted by American Trucking Associations' Chief Economist Bob Costello and his guest and analyst Diane Swonk, at the ATA's annual convention in Las Vegas. Photo: Evan Lockridge

LAS VEGAS -- There is a lot of uncertainty about where the economy is headed, but there is reason for hope that it and business conditions for trucking are slowing improving.

Tags: ATA MC&E, Economy

September 28, 2016 - Industry News

Economic Watch: Business Investment Increasing, Consumer Confidence Soars

A preliminary report shows new orders and shipments for big-ticket manufactured durable goods lost steam in August. Inside the report, however, is some evidence that business investment for the long term is increasing.

Tags: Economy, Consumer Confidence, Durable Goods, Home Sales

September 23, 2016 - Industry News

Economic Watch: Manufacturing Remains Soft; Homes, LEI Slip

A preliminary report released Friday shows growth in the nation’s manufacturing sector is easing this month amid the slowest expansion of new orders so far this year, according the financial information services provider IHS Markit.

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

September 22, 2016 - Industry News

NAFTA Trucking Freight Falls; 19th Straight Overall Monthly Drop

U.S.-NAFTA freight value percent change from previous year over the last 24 months. Graphic: U.S. DOT

Trucking and all other transportation modes except rail carried less cross-border freight by value in July compared to a year earlier, according to new U.S. Transportation Department figures.

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

September 21, 2016 - Industry News

Latest Freight Shipment, Spending Levels Show Economic Uncertainty

Graphic: Cass Information Systems

Freight shipments across all U.S. domestic modes continued improving in August but remain weak, according to the latest Cass Freight Index, while freight spending moved lower again with both resulting in mixed feelings when it comes to their economic impact.

Tags: Economy, Cass Freight Index

September 20, 2016 - Industry News

Economic Watch: Home Starts Slow, Overall Optimism Remains

Nationwide housing starts fell 5.8% to a seasonally adjusted annual rate of 1.14 million units in August, according to newly released data from the Commerce Department on Tuesday, the latest disappointing economic indicator, but there are still feelings overall economic conditions are improving.

Tags: Economy, Retail Sales, Industrial Production, Manufacturing, Home Starts

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