Economy

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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Transport equipment a big part of factory growth

In ISM indices that measure growth in manufacturing and manufacturing employment, “transportation equipment” was the third fastest growing segment in February.

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Hot trucking sectors draw attention

Two big parts of the trucking industry are bouncing back very strong and getting the attention of financial media outside of trucking.

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Reports confirm strong freight demand

Three positive reports came in today about the state of trucking (or the economy) at the end of last year. These agree with recent earnings statements from publicly traded truckload carriers, most of which made strong profits in the fourth quarter.

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Housing still lags rest of the economy

The Census Bureau reported this week that new housing starts declined in December by 4.3 percent, notes the weekly economic recap from the American Trucking Associations. 2010 was the second worst year on record for housing starts, bested only by 2009, when the credit and housing collapse was at its worst.

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Trucking resumes growth as 2010 fades

Freight improved in November and then surged in December – enough to offset the decline in August through October.

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Electronics makers cranking out freight

ISM says production of computers and other electronics led the way for manufacturing, which continued its rebound in November.

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