#dat solutions

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J.B. Hunt earnings per share to rise 21% in first quarter as expectations decline

J.B. Hunt earnings per share to rise 21% in first quarter as expectations decline

Imported from Talk Business.Net

Expectations continue to fall for Lowell-based carrier J.B. Hunt Transport Services and other transportation companies as they look to report first-quarter financial results amid high fears related to several factors that might impact results, analysts said.

In an earnings preview, analysts Brad Delco and Justin Long and senior associates Scott Schoenhaus and Brian…

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Q1 Truck Orders Plunge as Industry Works Down Backlog

Q1 Truck Orders Plunge as Industry Works Down Backlog

Imported from trucks.com

Heavy-duty truck orders plummeted 64 percent during the first quarter from a record sales pace achieved in the same period a year earlier.

The big issue driving orders lower is the backlog of reservations from 2018 and the inability of manufacturers to match the pace, said Tim DeNoyer, an analyst at ACT Research.

“It’s hard to put water in a full glass,” he said.

The…

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New Freight Industry Futures Market to Provide Risk-Management Tool

New Freight Industry Futures Market to Provide Risk-Management Tool

Imported from trucks.com

The freight industry and market speculators will soon be able to use futures contracts to hedge their bets on the price of hauling cargo.

Nodal Exchange, FreightWaves and DAT Solutionshave partnered to create Trucking Freight Futures contracts on seven heavily traveled trucking routes that take into account driver availability, government regulations, trade policies, time…

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Global freight carriers, shippers remain positive on 2019; trucking industry faces possible rate recession

Global freight carriers, shippers remain positive on 2019; trucking industry faces possible rate recession

Imported from Talk Business.Net

Shippers and carriers of international freight remain optimistic about 2019 as the spot market starts to level off and a rate recession becomes a possibility for the trucking industry.

In a recent report on a global shipping conference, senior research analyst Benjamin Hartford and research analyst Andrew Reed, both of Baird, said the tone of shippers and carriers…

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New Truck Orders Fall in February as Freight Demand Moderates

New Truck Orders Fall in February as Freight Demand Moderates

Imported from trucks.com

Heavy-duty truck orders fell for the fourth straight month in February, but manufacturers still have plenty of bookings from last year to build as the industry balances freight demand with the number of trucks available.

Fleets and dealers ordered 16,900 new trucks in February, 58 percent below the same month in 2018, when record orders contributed to the industry’s best…

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Heavy-Duty Truck Orders Down in January as Makers Tackle Backlog

Heavy-Duty Truck Orders Down in January as Makers Tackle Backlog

Imported from trucks.com

Heavy-duty truck orders dropped to the lowest level in 18 months in January as manufacturers worked to assemble a record number of trucks ordered in 2018.

January orders of 15,800 Class 8 trucks fell 68 percent compared with the same month a year earlier, which marked the start of an ordering surge that continued through the fall, according to ACT Research.

“We view…

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Carriers expect driver pay to rise, freight demand strong

Carriers expect driver pay to rise, freight demand strong

Imported from Talk Business.Net

Carriers still expect truck driver pay will rise as freight demand remains strong but not at the level it was at this time in 2018.

Trucking companies are offering “innovative packages” to recruit and keep drivers, according to a fourth-quarter report by Tulsa-based driver screening company Driver iQ. (more…)

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Drug Testing, Hours-of-Service Reform Key Trucking Issues in 2019

Drug Testing, Hours-of-Service Reform Key Trucking Issues in 2019

Imported from trucks.com

Regulation remains a key concern of the trucking industry, with issues such as drug testing job applicants, modifying the rules on how long truckers can drive in a day, and digital monitoring of more drivers topping the concerns of drivers and employers.

Other issues include dealing with a patchwork of state rules regulating how truckers are paid and sorting out two…

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