Trucking summer outlook positive
The Pulse of Commerce Index calculated by Ceridian and the University of California, Los Angeles, increased 1.5 percent year-over-year in May. The index measures fuel consumed by the trucking industry, marking a 5.2 percent increase from April, suggesting strong growth in fleet management and trucking company business.
The monthly freight shipment index from Cass Information Systems reported a 2.2 percent year-over-year increase in May, up from 1.8 percent in April, marking the index's best performance since February. The Cass freight expenditure index increased 5.6 percent year-over-year, despite high numbers in May 2011 as well. Price strength jumped 2.2 percent from April, with the trucking industry ranking No. 80 on the IBD, a 26 percent increase from the second quarter of 2012.
Demonstrating success in the trucking industry, Celadon Trucking Services recently purchased a portion of the operating equipment of Hiner Transport. Celadon hopes the acquisition will increase its marketshare in the transportation industry, as Hiner has a loyal consumer base of companies and drivers. Celadon believes its updated equipment fleet, additional capacity, leading-edge technology and outstanding safety record will enhance the customer service for Hiner's former customers once the acquisition is complete.
Tuesday, June 19th, 2012
The Pulse of Commerce Index calculated by Ceridian and the University of California, Los Angeles, increased 1.5 percent year-over-year in May.