Economy

Landstar report a good sign for owner-operators

If earnings at Landstar System, the nation’s largest owner-operator carrier, are any indication, owner-operators are having a better year than they did in 2010.

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Retail’s rebound bodes well for holidays

The economy’s still sputtering, but it looks like there will be lots of freight through the holidays. At least consumer goods and other cargo related to retail sales are doing well, based on recent reports.

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Wood production leads September growth

Manufacturing activity, and the economy in general, kept growing in September, though some related measurements tempered that good news. Wood Products was the leading manufacturing category reporting growth. The monthly analysis comes from the Institute for Supply Management, which also notes slower supplier deliveries and a contraction of new orders last month. The Purchasing Managers Index “registered 51.6 percent, an increase of 1 percentage point from August, indicating expansion in the manufacturing sector for the 26th consecutive ...

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Driver’s “beans-and-rice budget” needed in D.C.

Someone who’s experienced his own financial crisis during this period is hot-shot hauler Frank Hagwood.

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Manufacturing expansion passes two years

Factory activity expanded for the 25th consecutive month, and the overall economy grew for the 27th consecutive month.

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The harsh realities of excessive debt

Congress has muddled through the debt-ceiling crisis, but it's obvious the problem is not solved. Not only has the nation's debt rating been lowered, but massive deficit spending remains the norm in Washington, D.C. We're still going to hell in a hand basket, just at a slightly lower pace. On a smaller scale, any owner-operator who’s worked his way out of thousands of dollars of red ink can tell you what it’s like when compounding high-rate ...

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Landstar sees “continued strength in revenue per load”

If this week’s earnings report from Landstar Systems is any indication, the rest of the year looks good for owner-operators. “I would characterize the overall second quarter freight environment as a little choppy, but moving in an upward direction,” said Henry Gerkens, chairman, president and CEO of Landstar, the nation’s biggest owner-operator carrier.  “Pricing continued to be strong.” Landstar’s numbers were strong, too. Compared to the second quarter of 2010, this second quarter saw increased revenue ($676 ...

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Reports good for factory freight

You might have heard that the stock market just logged its best weekly gain in two years. One major reason was good manufacturing news.

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These 14 sectors were hopping in May

Manufacturing slowed down last month, but it’s still growing.

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A possible windfall for independents

If you’re independent, there could be some real opportunities if your bigger competitors don’t have the capacity – the trucks and drivers – to handle what could be a big influx of freight.

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