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Economy

176  -  200  of  1674

November 4, 2015 - Industry News

Earnings Watch: XPO Losses, Revenue Grow; USA Truck Profit Falls

XPO Logistics, which closed this week on its purchase of Con-Way Inc., reported more revenue but a bigger loss in its third-quarter earnings report, while the mainly truckload fleet USA Truck showed a smaller profit.

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

November 2, 2015 - Industry News

Fleets Expected to Match 2015 Equipment Orders Next Year

As many as 76% of fleets expect their upcoming heavy-duty truck orders to match what was purchased in 2015, with a few fleets planning an increase.

Tags: Economy, Survey, Truck Orders, Trailer Orders

November 2, 2015 - Industry News

Economic Watch: New Manufacturing Orders Jump, Construction Leaps

Economic activity in the nation’s manufacturing may finally be gaining some momentum after some declines, according to two new reports.

Tags: Economy, Manufacturing, Construction Spending

October 30, 2015 - Industry News

Earnings Watch: Celadon, ODFL, YRC Worldwide, ArcBest, Hub Group

More trucking companies have released their third quarter financial earnings, showing improvements from a year earlier or at least maintaining their ground, despite complaints about the recent freight-hauling environment.

Tags: Celadon Trucking Services, Celadon Group, ABF, YRC Worldwide, YRC Freight, Hub Group, Economy, Old Dominion Freight Line, ArcBest Corp., Fleet Earnings, LTL

October 29, 2015 - Industry News

Cross-Border Freight Value Down More Than 8%

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

The value of freight moved between the U.S. and its neighbors Canada and Mexico fell in August, totaling $92.4 billion, thanks largely to the drop in fuel and oil prices moved by pipeline and vessel.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Railroads, Freight, Global

October 29, 2015 - Industry News

Economic Watch: GDP Eases Back as Fed Looks to Rate Hike

Economic growth in the U.S. lost a good portion of its momentum in the third quarter of the year, but the performance still may still be strong enough for the Federal Reserve to push interest rates higher before the year is out.

Tags: Economy, GDP, Federal Reserve, Interest Rates, Inventories

October 28, 2015 - Industry News

Earnings Watch: Saia, Heartland Report Lower Profits

One trucking company serving mainly the less-than-truckload market and another in the truckload sector have both reported lower third quarter earnings.

Tags: Economy, Heartland Express, Saia, Fleet Earnings

October 27, 2015 - Industry News

Economic Watch: Durable Goods Orders, Consumer Confidence Both Fall

A stretch of recently leaner times for at least one part of the nation’s manufacturing sector could be nearing an end, despite a new report showing lower new orders.

Tags: Economy, Durable Goods, Manufacturing, Consumer Sentiment

October 27, 2015 - Industry News

Earnings Watch: Cummins, Paccar

A major OEM announced it is cutting its workforce even though it’s still well in the black as it released third quarter earnings this week while a truck and engine maker reported continued higher numbers.

Tags: Economy, Kenworth, Cummins, Paccar, Peterbilt, Earnings, Paccar Financial

October 26, 2015 - Industry News

Economic Watch: New Home Sales Plunge, Manufacturing Rebounds

Sales of newly built, single-family homes fell to their lowest level since last November, while a separate report shows the first improvement in the nation’s manufacturing sector in five months.

Tags: Economy, Home Sales, Manufacturing

October 23, 2015 - Industry News

Earnings Watch: Volvo Doubles, Landstar Sets New Record

One truck maker has reported its third quarter profit doubled and is considering the sale of its used truck business while one of the nation’s largest trucking fleets has reported new records for the period in several areas.

Tags: Economy, Volvo Trucks, Mack Trucks, Earnings, Landstar System, Fleet Earnings

October 22, 2015 - Industry News

Economic Watch: Home Market Booming, Leading Indicators Mixed

Existing home sales rebounded strongly in September following an August decline, according to the National Association of Realtors. That's not the only good news when it comes to an improving home market, and a separate report shows the overall economy isn't as bad as you may think.

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

October 22, 2015 - Industry News

Earnings Watch: Daimler, Dana and Rush Enterprises

Daimler AG, Dana and Rush Enterprises all saw weaker third-quarter financials compared to a year ago, thanks in part to the recession in Brazil and the downturn in the North American oil and gas industry.

Tags: Economy, Daimler Trucks, Daimler AG, Dana Holding Corp., Rush Enterprises, Earnings, Daimler Trucks North America

October 22, 2015 - Industry News

Earnings Watch: Werner, Knight, Ryder, Forward Air

Two large trucking fleets reported big increases in profits for the third quarter of the year. A fleet management and related services conglomerate also saw a hike, but things slipped for a niche trucking provider.

Tags: Economy, Ryder, Werner Enterprises, Forward Air, Knight Transportation, Fleet Earnings

October 20, 2015 - Industry News

Marten Transport Profit Improves Nearly 10 Percent

Marten Transport reported a 9.9% increase in third quarter net income from a year earlier, due in part to increased dedicated business.

Tags: Economy, Marten Transport, Fleet Earnings

October 19, 2015 - Industry News

Economic Watch: Industrial Production Falls, Consumers Optimistic

A report released Friday shows industrial production in the U.S. fell for the second consecutive month, the latest confirmation the economy lost some ground in the third quarter of the year.

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

October 19, 2015 - Industry News

Covenant Transport Reports Strong Earnings Increase

Covenant Transportation Group reported a big gain in third quarter profit. Revenue slipped 2.3% but freight revenue moved higher.

Tags: Economy, Covenant Transport, Fleet Earnings

October 18, 2015 - Industry News

Graves Cites Carriers’ Health, Decries Congressional ‘Disarray’

Bill Graves speaks at ATA MC&E in Philadelphia. Photo: Evan Lockridge

PHILADELPHIA – “Most motor carriers have had a pretty good year – not great – but pretty good for 2015,” said Bill Graves, president of the American Trucking Associations, in his annual report on the state of the industry.

Tags: Economy, ATA, Congress, Politics, Bill Graves, ATA MC&E

October 18, 2015 - Industry News

Economic Fundamentals Better Than They Appear

Norman Behravesh, chief economist for IHS Inc. Photo: Evan Lockridge

PHILADELPHIA — Freight volumes and GDP growth have not been as high as many hoped this year, but trucking companies should be ready for growth to return to higher levels, according to a presentation by two economists at the American Trucking Associations’ Management Conference & Exhibition.

Tags: Economy, ATA MC&E

October 15, 2015 - Industry News

For-Hire Freight Shipments Hit New Record in August

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

The amount of for-hire freight increased for the second consecutive month, hitting a new record high, due in large part to a jump in truck shipments, according to new U.S. Transportation Department figures.

Tags: Freight, Freight Index, Economy

October 15, 2015 - Industry News

Economic Watch: Overall Inflation Absent, Core Prices Jump

Overall inflation is posing no threat to the U.S. economy, with a new report showing retail prices fell in September, the biggest drop in eight months. However, a key measure inside this moved higher, leading to more guessing about whether the Fed will raise interest rates.

Tags: Economy, Consumer Prices, Federal Reserve

October 14, 2015 - Industry News

Economic Watch: Retail Sales Barely Increase, Wholesale Prices Drop

Retail sales in the U.S. barely moved higher last month -- about half what many analysts were expecting. With wholesale prices falling the most in eight months. there's more speculation on what will happen with interest rates.

Tags: Economy, Retail Sales, Wholesale Prices, Federal Reserve

October 14, 2015 - Industry News

Freight Shipments, Payments Increase After Two Monthly Declines

Freight shipments and payments rose in September following two straight monthly declines, according to the latest Cass Freight Index.

Tags: Economy, Cass Freight Index

October 8, 2015 - Industry News

Slow Economic Growth Likely to Continue; Fed Policy Big Unknown

One economist is predicting continued slow growth for the economy, but believes our current economic models aren’t working when it comes to federal fiscal policy.

Tags: Economy, FTR Associates

October 2, 2015 - Industry News

Economic Watch: Employment, Manufacturing Disappoint; Construction Skyrockets

Despite a booming construction sector, the latest reports on jobs and manufacturing have some concerned that the U.S. economy is losing some of its steam.

Tags: Economy, Construction Industry, Unemployment, Manufacturing, Factory Orders, Construction Spending, Employment, Factory Shipments

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