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, ...

Read More

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 ...

Read More

Prices: Down for truckload, up for diesel

If you’re thinking of getting your own authority for truckload hauling, think again. Or have some excellent contracts locked up before you jump. A June 8 conference call, hosted by Dahlman Rose & Co. with executives from five carriers (Cowan Systems, Fenway Partners, First Express and Roehl Transport), had little good news. “There was universal agreement that we are experiencing one of the worst pricing marketing in truckload history,” says Dahlman’s summary of the conference. The pressure ...

Read More