trucker

Truck dealers analyze a year’s anemic sales

It still appears to be a buyer’s market for Class 8 trucks, according to a report from the truck dealers’ trade group. It’s been “a year of heavy depreciation for the highway sleeper market,” says the ATD/NADA Official Commercial Truck Guide. Considering the depressed conditions, prices could have dropped even lower, says Chris Visser, editor of the guide. "Anecdotal evidence suggests that an extremely active export market helped keep the domestic supply of used trucks at ...

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How to make the roadway fly by

If you still have any doubt about how dangerous texting while driving is, a new study offers some comparisons. A post from the Poynter Institute, a journalism education group, notes that 26 percent of teens admit to poking out messages while they’re behind the wheel, according to a Pew study. I bet the reality is higher than that, but what’s really scary are results from a Car and Driver magazine experiment. Using a deserted air strip, an ...

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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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Small-business lending bounces back

Borrowing money isn’t the best thing for an owner-operator to do in a down economy like this. But if you must – or plan to do so as soon as the recovery becomes more evident – it’s good to know how the market is changing. Small-business lending was dead in the water last year as the credit market collapsed, but CNNMoney.com reports that it’s “managed to heal itself” without help from the federal stimulus funding. “Figuring out ...

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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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Small business still hurting

 If you’ve caught the business news in recent days, you know there have been some positive signs. Home prices and sales, employment and other indicators are looking better, possibly meaning a bottoming out of the downturn. But when it comes to small business and credit, it’s still a mess, reports CNNMoney.com: “Bank lending is down, credit card interest rates are up, and the country's largest small business lender, CIT Group ... is hanging by a thread.” ...

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