Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 04/14 · 09:16 AM · LM Editorial
Trucking and intermodal services bellwether J.B. Hunt (JBH) kicked off the first quarter earnings season in style with record net earnings of $50.1 million or $0.40 per share compared to net earnings of $37.5 million and $.029 per share a year ago.
Posted 04/13 · 12:11 PM · LM Editorial
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 1.5 percent in February, following 0.9 percent and 1.5 percent gains in January and December, respectively.
Posted 04/13 · 08:04 AM · LM Editorial
Pent-up demand based on various factors continue to point to an upcycle in buying activity for commercial vehicles, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
Posted 04/12 · 12:05 PM · LM Editorial
A 10.2 cent weekly hike brings the current price to $4.078 per gallon, following a 4.4 cent increase last week and a 2.5 cent gain the week before. Diesel prices have been up 18 of the last 19 weeks. And on an annual basis, the price per gallon for diesel is up $1.009 per gallon.
Posted 04/12 · 07:39 AM · LM Editorial
The trucking industry is giving itself a pat on the back after government figures show the rate of truck-involved fatalities on U.S. highways fell to 1.17 per 100 million miles in 2009—making it the trucking industry’s safest year since the federal government began keeping track in 1975.
Posted 04/11 · 10:35 AM · LM Editorial
The United States Department of Transportation (DOT) recently unveiled the details relating to an agreement made in early March regarding the cross-border trucking program between the United States and Mexico.
Posted 04/06 · 10:08 AM · LM Editorial
March shipments at 1.108 were up 13.8 percent annually and 6.5 percent compared to February’s 1.036, with shipments above for the 1.0 mark for the tenth straight month going back to May 2010’s 1.014 breaking the 1.0 level for the first time since November 20008.
Posted 04/06 · 09:05 AM · LM Editorial
ACT reported that a preliminary reading of heavy-duty Class 8 commercial vehicle net orders for North American markets increased to 29,200 units in March, representing the largest monthly order intake since May 2006.
Posted 04/05 · 05:04 AM · LM Editorial
This increase follows a 2.5 percent gain and a 0.1 percent decline, respectively, over the last two weeks, with diesel prices showing gains in 17 of the last 18 weeks. On an annual basis, diesel is up 96.1 cents.
Posted 04/04 · 10:52 AM · LM Editorial
Following a recent announcement which called for reducing United States oil imports by one-third in the next decade, President Barack Obama last week rolled out a new energy-focused initiative focusing on trucking in a speech at a UPS facility in Landover, Maryland.