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Showing posts from March, 2013

U.S. Truck-For-Hire Tonnage Up in February

U.S. Truck-For-Hire Tonnage Up 0.6% in February. The American Trucking Association's latest figures on US truck tonnage shows an increase for the fourth month in a row for a total 4-month gained of 7.7% total tonnage.  In February showing an increase of 0.6% and 1% in January. Optimism is high and we expect positive trends in transportation to continue.

Cyprus Bailout?

The situation in Cyprus still has the DOW concerned, it is likely that the Cyprus Central Bank will come up with some sort of bailout plan, we don't expect it will have ramifications in the U.S. trucking and transportation industry, but we need to keep an eye on how the other Eurozone nations will react to it.

U.S. On-Highway Diesel Fuel Prices

The U.S. Energy Information Administration posted the weekly numbers and we're happy to report them. Diesel prices continue to decline from $4.159 a gallon on Feb 25, 2013 to $4.088 a week later on Mar 11th, and down 0.35 from a year ago. These numbers suggest a positive outlook for US trucking and transportation companies, and with the uncertainties in the Europe economy and below market expectations from China, crude oil prices may continue to decline.

Encouraging News For The Trucking Industry!

Job numbers are out and are better than expected, the private sector up by 246,000 in Feb v. 146,000 in Jan, non-farm up by 236,000, and the unemployment rate down to 7.7 in Feb v. 7.9% in Jan. Business is back on track and the trucking and transportation industry is ready to meet the demand, as well as trucking factors with plenty of money to fund increased loads and industry growth!

Things are looking up for the trucking industry!

Marketwire reported recently on a trucking industry resurgence over the past few months, and in January, the highest on record for "For-Hire Truck Tonnage Index" which increased by 2.9% to 125.2. We are excited about the trend and with fuel costs remaining stable and possibly declining in the near future, we are optimistic and look forward to a great year for the trucking industry.