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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.
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U.S. consumers showed a new willingness to spend more money last month, an indication there may be increasing momentum in the economy.
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Despite projections of an economic slowdown, upcoming regulations could still require fleets to find large numbers of new drivers.
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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.
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The trucking industry has enjoyed prosperity in recent years but as the recovery continues, some analysts are projecting a slowdown.
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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.
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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.
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Roadrunner Transportation Systems Inc. on Tuesday reported increases for both profit and revenue for the second quarter of the year.
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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.
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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.
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