ODFL increased its first quarter growth expectations to between 11.0 percent-to-11.5 percent compared to previous estimates of 10.0 percent-to-11.0 percent, when compared to the first quarter of 2013.
With a $0.5 cent gain, the average price per gallon headed up to $4.021, marking the highest average price per gallon since checking in at $4.047 the week of March 18, 2013.
Differing opinions about the strength of manufacturing in the United States are front and center when it comes to looking at the sector as a driver of economic growth.
Coming off of February, which is typically the slowest month of the year, the report expects to be March much better, with retailers starting to stock up for spring and summer.
The House Transportation and Infrastructure (T&I) breathed a collective sigh of relief last week, following the European Union’s (EU) reported agreement to reverse its plan to impose a carbon tax on non-EU carriers operating long haul flights in and out of Europe.