Stu's News & Syleconomics

Syleconomics February 2014 Edition

February 2014 vs. February 2013: Wow! February 2014, on the heels of a great January and December, February 2014 continued the momentum! February 2014 had the same number of business days as February 2013, and managed a whopping 32% revenue jump over the same period last year with only a 17% increase in loads. So February actually saw a significant increase in rates. February 2014 saw a continuation of the severe weather situations that began in December. Blizzards, extreme cold and other weather related factors affected capacity and schedules, which put a strain on available drivers/trucks and upward pressure on prices. Also, unlike early 2013, no fiscal cliff issues (like last year) and a strong stock market reflecting better corporate earnings. This is, by far, the strongest February we have recorded which follows on the heels of one of the strongest January-Decembers we have ever recorded. Companies usually look to come out of the first quarter with “break even” or “minor losses”. We suspect that many companies exited February with their greatest start to the year. What is very exciting is that February’s revenue per mile set another all-time high, and the majority of that increase is in line-haul (fuel remained stable and accessorial actually declined January to February). All in all, it continues to be a great way to start 2014!

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Syleconomics February 2014 Edition

January 2014 vs. January 2013: Wow! January 2014 was a the best start to the year ever and it continued the momentum we saw as 2013 ended! January 2014 had the same number of business days as January 2013, and managed a whopping 24% revenue jump over the same period last year with only a 9% increase in loads. So January actually saw a significant increase in rates. January 2014 saw a continuation of the severe weather situations that began in December. Blizzards, extreme cold and other weather related factors affected capacity and schedules, which put a strain on available drivers/trucks and upward pressure on prices. Also, unlike January 2012, no fiscal cliff issues (like last year) and a strong stock market (although the stock market has cooled in the past few days). This is, by far, the strongest January we have recorded which follows on the heels of one of the strongest Decembers we have ever recorded. Companies usually look to come out of January with “break even” or “minor losses”. We suspect that many companies exited January with a great start to the year. What is very exciting is that revenue per mile is at an all-time high, and the majority of that increase is in linehaul (fuel remained stable and accessorial remained fairly stable from December to January). All in all, it was a great way to start 2014!

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Syleconomics January 2014 Edition

December 2013 vs. December 2012: Wow! December 2013 was a great finish to the year! December 2013 had 1 fewer business day, yet managed a 22% revenue jump over the same period last year. December 2013 saw several weather situations, no fiscal cliff (like last year) and a strong stock market. If we take into consideration that and December 2012 has one more (5% more) business days, then the 17% year over year volume growth is really more like 21-23% year over year growth. Last year could have been negatively impacted by the media-hyped fiscal cliff of January 1, 2013. The good news is that the Sylectus companies realized a healthy December increase in both load counts and revenues on a year-over-year basis. Rate per mile was also positively affected. The last time rate-per-mile spiked in December was after Hurricane Katrina in 2005. All in all, it was a great way to end 2013!

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