Stu's News & Syleconomics

Syleconomics April 2014 Edition

March 2014 vs. March 2013: Wow! March 2014, on the heels of a great few months, continued the momentum! March 2014 had the same number of business days as March 2013, and managed a whopping 37% revenue jump over the same period last year with only an 18% increase in loads. So March actually saw a significant increase in rates year-over-year. March 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. This is, by far, the strongest March we have recorded which follows on the heels of one of the strongest December-January-February activity 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 March with their greatest start to the year. What is very exciting is that March’s revenue per mile stayed at the all-time high recorded in February, and the majority of that increase is in line-haul (fuel remained stable and accessorial actually declined February to March). All in all, it continues to be a great way to start 2014!

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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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