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For the first quarter of 2015 this measure of the total activity at the nation’s factories, mines and utilities declined at an annual rate of 1%, the first quarterly decrease since the second quarter of 2009.
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Rates on the spot freight market continue crawling slowly upward in the flatbed sector but remain stagnant in the other two major categories.
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Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.
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North American freight volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports, according to the latest readings of the Cass Freight Index.
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Ingersoll Axles has two new offerings, the Load Monitoring system by Kimax and the Ingersoll Lube System.
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Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.
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J.B. Hunt Transport Services Inc. announced on Tuesday first quarter 2015 net earnings of $91.9 million, or diluted earnings of 78 cents per share, compared to first quarter 2014 net earnings of $68.7 million, or diluted earnings of 58 cents per share.
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Despite the slowing of economic growth late last year on into this year, the economy will pick up steam over the rest of this year, according to the State of Logistics Report Quarterly Update.
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The FTR Trucking Conditions Index for February fell slightly in February to a reading of 7.4, reflecting a softening capacity utilization caused by fluctuating diesel prices and the suspension of controversial provisions of the 34-hour restart.
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The national average cost of on-highway diesel has fallen once again over the past week, posting its fifth uninterrupted drop and hitting its lowest level since late December of 2009, according to new U.S. Energy Department figures.
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