freight

Manufacturing sustains its hot streak in November

Manufacturing monitor ISM issued a good news, bad news report today, but the good outweighs the bad.    The sector expanded in November for the fourth consecutive month, says the Institute for Supply Management. The downside is that the rate of growth is less than a month ago, and less than analysts expected.    “The signs are still encouraging for continuing growth as both new orders and production are still at very positive levels,” says Norbert Ore, ...

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Truck Tonnage Index dips

ATA's For-Hire Truck Tonnage Index dropped 0.2 percent in October.

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Chalk it up as a decent quarter

There was a mixed bag of trucking-related economic reports Friday, though the good seems to outweigh the bad. The American Truck Dealers, citing trade press reports, notes that third-quarter earnings reports from fleets show freight volumes appear to be rising, though revenues aren’t keeping pace. Also, U.S. truck tonnage fell 7.3 percent in September from the same month last year. That’s not good news unless you consider that it was the best year-to-year monthly showing since ...

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Landstar optimistic in spite of lower earnings

Landstar System Inc., reported its share of lower revenue and income numbers in its third-quarter earnings statement, but the nation’s largest owner-operator carrier also sees a turnaround taking shape. The company earned $20 million from revenue of $501 million in the quarter that ended. Sept. 30. Comparable net income a year ago was $33 million from revenue of $733  million. The good news/bad news, from Henry Gerkens, president and CEO: “Notable 2009 third-quarter over 2008 third-quarter revenue ...

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Trucking experts expect very slow rebound

“The economy has bottomed out, but it is going to be slow going in the months ahead.” That was the consensus of speakers at this week’s annual management conference of the American Trucking Associations, in Las Vegas, says ATA Chief Economist Bob Costello in his weekly newsletter. One of those speakers, Sara Johnson of HIS Global Insight, predicts a contraction of  2.5 percent this year, followed by an increase of 2.0 percent in 2010 and then ...

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Latest report bodes well for freight

More good news for manufacturing. A month ago, Institute for Supply Management data showed that manufacturing grew in August, for the first time since January 2008. ISM reported today that September gave an encore performance. “While the rate of growth moderated slightly when compared to August, the recovery broadened as the number of industries reporting growth increased from 11 to 13,” says ISM’s Norbert J. Ore. “Both new orders and production are growing, but at a ...

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Manufacturing numbers strong for August

Lots of good news for trucking in today’s report from the Institute for Supply Management. Economic activity in manufacturing expanded in August, following 18 consecutive months of contraction, according to the nation's supply executives polled for the latest Manufacturing ISM Report on Business. The August numbers also show the overall economy grew for the fourth consecutive month. "The year-and-a-half decline in manufacturing output has come to an end, as 11 of 18 manufacturing industries are reporting growth when ...

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Factories busier in July

Industrial production increased by a half-percent in July, the Federal Reserve announced today. While housing and other indicators with relevance to truck freight have shown twitches of life in recent months, this marked the first monthly increase in this measurement since December 2007 (not counting a hurricane-related rebound in October 2008). The manufacturing component of the index rose 1.0 percent in July. This was mostly due to a tax-revived auto industry, which saw vehicle assemblies jump ...

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Putting safety news in context

 The good report last week on 2008’s highway fatality numbers, including truck-related deaths, was a bit incomplete because of the highly unusual drop in vehicle miles traveled (VMT, in government-speak). Of course, that decline was due to months of outrageous fuel prices during late 2008. The press release from the American Trucking Associations conveniently failed to mention that factor, even though it did cite increased use of safety belts and the hours of service regs that ...

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Some bright spots in the supply chain

If you’re looking for good news, this morning’s report from the Institute for Supply Management has some: The overall economy grew in June. Warehouses are emptying out, which is good for trucking. Manufacturing failed to grow last month, though its rate of contraction is slowing. And seven of 18 industries did report growth to ISM: petroleum and coal products; printing and related support activities; wood products; nonmetallic mineral products; miscellaneous manufacturing; chemical products; and primary metals.  “Most ...

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