Trucking Stats Stalled: Which Direction will the Momentum Eventually Move? ITS Market Demand Index (MDI) up 2% Over Previous Week.

 

 

New York, New York – Big Truck TV (BTTV) in collaboration with Internet Truckstop has released the latest Industry Economic Update video webcast highlighting key trucking specific economic data and the macro-economic issues that impact the industry. Also featured, is this week’s highlight interview with a leader in freight transportation forecasting, Eric Starks – President of FTR Associates.

 

“This week’s Industry Economic Update (IEU) looks at a myriad of key stats impacting trucking and shippers and of note is the fact that the industry seems to be at a pivot point leaving many wondering where it will go from here,” says Michael Carpentier, CEO of BTTV, “Furthermore, very significant issues are on the horizon that could be a deciding factor: the looming fiscal cliff, rising diesel prices, a worsening sovereign debt crisis, the election, and consumer confidence which is consistently battered with bad news.”

 

This episode’s stats shows a reversal in retail sales reflecting a positive growth in addition to other key indicators showing some strengthening signs as compared to the early part of 2012. Retail sales in July have increased by 0.8% and industrial production has increased by 0.6%. Preliminary consumer sentiment has also risen to 73.6 from 72.3, beating modest forecasts of only 72.4. Another promising change is the uptake in residential construction permits and this could help spur demand in trucking. A very noteworthy stat is that MDI in a similar five-week period from 2011declined 7%, however, it increased modestly over this same period this year from 11.62 to 11.85.

 

Something to keep a close eye on is the rising diesel prices.  Over the last week prices have increased from $3.88 to $3.98. This rising trend has been going on since the week of 06/25/12 when diesel prices were at their lowest for the year.

 

In this week’s show, BTTV invited industry expert, Eric Starks, President of FTR Associates, to add some additional insights into the health of the industry. Eric is still bearish about the economy even in light of some positive signs:

 

“The slowdown that we are seeing in the overall economy is clearly having an impact on trucking. With industrial production output stagnating, it is starting to show up in the amount of freight getting hauled. As such, truck capacity utilization is at lower levels than many thought it would be at this time of the year. Also, rates being charged by truckers have seen a slowing in growth. Another clear sign that truckers are seeing a negative impact from the economy is that the number of new trucks being ordered by fleets has fallen dramatically and is sitting at its lowest level in nearly 2 years. All in all, this suggests that trucking is hitting a soft patch that is expected to continue for the next several months,”  says Eric Starks, President, FTR Associates.

 

The IEU appears on www.bigtrucktv.com, www.truckstop.com, www.truckload.org & can be accessed online 24/7. The IEU feature a “news anchor,” who presents data that Internet Truckstop has culled from its operations as the industry leading load board. Big Truck TV is the content expert and distribution facilitator for the online show. Together, the companies have co-produced a series that is highly relevant to the North American trucking and shipping audiences providing an accurate picture of the health of the industry.

 

Big Truck TV is the trucking and shipping industry’s leading online video and blogging media property, offering a wealth of editorial video content, coupled with real life insights from subject matter experts and both fleet and shipping executives through the BTTV Blog.  

 

Founded in 1995, Internet Truckstop is the first and largest freight matching service on the Web. Internet Truckstop offers more tools than any other freight matching service available. These easy-to-use tools, the largest freight database, and a commitment to the transportation industry make Internet Truckstop the leader in Internet freight matching.

Internet Truckstop is Now The Official Load Board For Team Run Smart

Internet Truckstop is proud to announce that we are now the exclusive load board for Team Run Smart Freightliner. You can read the full article at our Online ITS Magazine on page 7.

http://www.truckstop.com/Magazine/Flashs/JulyAug12/Default.html. This is big news and we could not be more excited for our partnership!

Country Singer’s Radio Show Extends Reach of TCA’s Highway Angel Program

Via www.truckload.org

It has been 15 years since the Truckload Carriers Association launched Highway Angels, a program that heightens public awareness of professional truck drivers’ helpful, and often heroic, good deeds on the highways. Now, the organization is able to spread its positive trucking message throughout North America and beyond, thanks to a new Internet-based radio show hosted by country music singer and official Highway Angel spokesperson Lindsay Lawler.

“On the Road to Music City” can be heard twice a week on Renegade Radio Nashville, a unique Internet radio station that plays big name country stars as well as new, unsigned artists. The show attracts all types of listeners, but is especially tailored to truck drivers, who can call in to dedicate songs to their loved ones back home. In between the music — which includes both live, guest performances and pre-recorded tracks — Lawler promotes TCA; trucking events, people, and causes; and the trucking industry in general. During one segment, she describes the true life deeds of Highway Angels, who may have fixed a mechanical problem for an elderly person, helped locate a missing child, or even rescued an accident victim from a life-threatening situation.

“This show is going to do wonders for the image of drivers and trucking,” said Chris Burruss, TCA’s president. “It’s greatly expanding the reach of the Highway Angel program, since listeners can be located anywhere in the world. And, in almost every segment, Lindsay demonstrates a respect and appreciation for our drivers that is sure to have an impact on her listeners — both here and abroad.”

Leigh Foxall, director of freight matching for Internet Truckstop, the company that sponsors TCA’s Highway Angel program, agrees. “It’s obvious when you hear this show that it combines Lindsay’s two biggest passions — music and trucking. People identify with music and they’re going to be fascinated by the Angel stories, so this is an outstanding way for our program to gain a bigger foothold in the public consciousness.”

How did Lawler, who has not yet signed with a major record label, score her own radio show? For one thing, she already had 10 years of experience working in radio prior to launching her full-time music career. Another stroke of luck was that one of the founders of Renegade Radio Nashville, “Captain Jack” Aponte, is a former truck driver who has great respect for the profession. He has known Lawler for years and considers her to be a talented artist who brings a fresh, new dynamic to the station.

“I share Lindsay’s goal in wanting to reach out to drivers. With her, they have someone they can relate to… a friend to help pass all those lonely hours on the road,” he said.

Tune in to “On the Road to Music City” live every Tuesday and Thursday from 5-8 p.m. (CT) atwww.RenegadeRadioNashville.com. Free apps for mobile devices can be downloaded from the site, or listeners can search for “Renegade Radio Nashville” wherever they normally shop for apps. Once an app is installed, drivers can listen by plugging their mobile device in to speakers, an iPod, etc. Song requests or comments can be phoned in during the show to (615) 696-6095.

For more details about Lindsay Lawler and her music, visit www.LindsayLawler.com.

Press Release – Increased numbers for the Market Demand Index (MDI), the trucking sector looks to maintain a “holding pattern”

Increased numbers for the Market Demand Index (MDI), the trucking sector looks to maintain a “holding pattern”

There was an increase in the ITS Market Demand Index (MDI) last week. Numbers are moving up for load availability and truck searching. Truck availability remained flat from last week.

The overall average equipment rate remained flat but specialized truck rates and van rates increased from the previous week.

We are seeing an increase in the fuel prices from last week. The lowest average cost of fuel is $3.82 and the highest is $4.15.

“With the notable exception of diesel prices, the trucking sector continues to maintain a “holding pattern.” Broader economic data were more positive this week (especially July retail Sales). However, the U.S. economy will most likely maintain slow growth throughout the second half of 2012, generating steady by unimpressive trucking volumes.” Jeremy West, Internet Truckstop Economist

About Internet Truckstop
Founded in 1995, Internet Truckstop was the first online freight matching service. Listening to the transportation industry is the driving force behind all of the innovative business tools that we develop. These easy-to-use tools, the largest freight database and a commitment to our customers makes Internet Truckstop the leader in Internet freight matching.

Our success is defined by our customers’ success.

For more information on the Trans4Cast newsletter please visit www.trans4cast.com or call 1-800-203-2540 x 6180

Press Release – Internet Truckstop’s Trans4Cast is now featured on Big Truck TV

For Immediate Release:

Internet Truckstop’s Trans4Cast is Now Featured on Big Truck TV

Internet Truckstop, the largest web-based freight matching service in the transportation industry, is now featured on the economic channel at Big Truck TV.

Internet Truckstop has a weekly transportation report called Trans4Cast. The report is an in depth  analysis of trucking data. Originally available to members only, it has grown to catch the eye of transportation professionals all over the nation. The Trans4Cast is published weekly, providing insight as to the trends and market conditions that affect their daily transportation business decisions.

Trans4Cast, powered by Internet Truckstop has become a valuable tool for small and large companies alike. This powerful tool is being used all over the industry and can be seen on Bloomberg Financial Terminals, the KeyBanc Key Freight Indicator Report, and Truckload Carriers Association (TCA) Trucking Trends. Now for the first time this report is featured as the Industry Economic Update webcast on Big Truck TV.

Todd Amen, Founder, President and CEO of ATBS sums it up very well when he talks about the Trans4Cast, “Internet Truckstop is timely, relevant, and accurate.”

Lana Batts of Transport Capital Partners shares, “the ATA’s tonnage is primarily from contract rates and are usually tied to one year contracts, Internet Truckstop’s data is spot market and tells us more what is happening now with supply and demand.”

“Internet Truckstop’s Market Demand Index (MDI) is a very useful and timely indicator of trucking demand and capacity conditions in the spot market.  It provides a valuable tool to gauge the current pulse of trucking fundamentals and potential implications for industry pricing going forward.” Ryan Cieslak, Associate Transportation Analyst at KeyBanc Capital Markets Inc.

According to Prime Inc, Scott Masingill, “Truckstop data is being sourced in presentations and tradeshows, I attended a meeting in Biloxi Mississippi where a very large investment company, used Internet Truckstop data for the presentation and even stated that Internet Truckstop data is by far the best indicator of the truck/freight balance.”

Leigh Foxall, Director of Freight Matching, Internet Truckstop says, “We were the first load board on the web and today we are the largest freight matching service in the industry, this makes for a very relevant current, historical and quantified source for data.”

About Trans4Cast powered by Internet Truckstop
Trans4Cast
is the compilation of highly relevant data, easily accessible to all trucking professionals. Internet Truckstop compiles this weekly report that will assist you in making critical decisions. Jeremy West is an economic consultant preparing this report. He holds a bachelor of science in Economics, with minor degrees in Business and Creative Studies, from Texas A&M University, where he is currently completing a doctorate in Economics. For more information on Trans4Cast, please contact Roxanne Bullard at 1-800-203-2540 ext. 6230.

Press Release – Women In Trucking Founder honored at “Champions of Change” event in Washington D.C.

For Immediate Release

New Plymouth, Idaho August 15, 2012

Women In Trucking Founder honored at “Champions of Change” event in Washington D.C.

Internet Truckstop Director of Freight Matching and Women In Trucking Chairwoman Leigh Foxall attended the “Champions of Change” initiative at the White House. This White House program brings “ordinary Americans doing extraordinary things” from different sections of the economy.

The transportation industry, more specifically the Women In Trucking founder and president, Ellen Voie, was honored July 31, 2012.

Ellen Voie, founder, president and chief executive officer of Women In Trucking was invited to the White House to honor her for the contribution to the transportation industry. Her mission to “encourage the employment of women in the trucking industry, promote their accomplishments and minimize obstacles faced by women working in the trucking industry” has been very successful.

“It is very exciting to have Ellen recognized for her work. It is evident that Women In Trucking’s efforts to bring awareness to the great careers in the transportation industry is being recognized,” said Leigh Foxall, Internet Truckstop Director of Freight Matching and Women In Trucking Chairwoman. “It was an honor for both Ellen and members of the board to attend this White House event.”

About Internet Truckstop

Founded in 1995, Internet Truckstop was the first online freight matching service. Listening to the transportation industry is the driving force behind all of the innovative business tools that we develop. These easy-to-use tools, the largest freight database and a commitment to our customers makes Internet Truckstop the leader in Internet freight matching.

Source:
Stephanie Sternes
800-203-2540 ext. 6186
stephanies@truckstop.com

Is Construction the Economic Bright Spot for Trucking?

So far this year, U.S. manufacturing and industrial production levels have been nearly flat. On a seasonally-adjusted basis, national manufacturing has increased by only about one percent year-to-date.

To make matters worse, much of this production is merely feeding into larger inventory volumes, rather than translating into increases in shipping. At the retail level, total sales have now declined for several consecutive months.

Consumer Sentiment is also faltering, with most Americans anticipating a lethargic economy during the second half of 2012.

Despite all of this bleak news, there is at least one bright spot for trucking. Private and total construction spending have increased for several consecutive months. Most of this increase was driven by private construction spending, which is (as of June) up more than 13% year-over-year (6.4% year-to-date).

Building construction is very material-heavy, closely tying construction spending to demand for trucking: it takes a lot of truckloads to move the materials required for a single construction project. Clearly, both residential and non-residential construction volumes are substantially down from their peaks of a few years ago, but the current trajectory is promising.

This is not to say that manufacturing and retail consumption are losing importance. But, it is reassuring to have at least one source of growth in shipping demand to help keep the trucking industry moving.

Note: Current numbers for several of these outcomes will be released this week. July Retail Sales will be announced on Tuesday (August 14), July Industrial Production on Wednesday, and (preliminary) August Consumer Sentiment on Friday.

 

Thanks,
Jeremy West

512.426.1327  |  Jwest1@gmail.com