Economic Watch: Manufacturing Expanding, Construction Down
Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, its highest level since March 2011, according to nation’s supply executives.
Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, its highest level since March 2011, according to nation’s supply executives.
Trucking and logistics holding company ArcBest Corp. has reported improved third quarter 2014 results, reflecting business growth at ABF Freight and all of its emerging companies.
The week ending Oct. 25, rail intermodal traffic was up 6.7% compared with the same week last year -- higher growth than that of rail traffic overall.
Trucking and logistics provider Roadrunner Transportation Systems reported record revenue and operating income for the third quarter.
The U.S. Equal Employment Opportunity Commission filed a lawsuit last week against Panama, Iowa-based trucking company Panama Transfer, saying it violated federal law by allowing a female dock worker to be sexually harassed and then firing her for resisting that harassment.
Mercedes-Benz is strongly considering offering a compact van in the U.S. and will add a new standard safety feature to the 2015 Sprinter van, executives said during a March 25 visit to Bobit Business Media.
Lynden Transport opened a service center in Tulsa, Okla., to support its oil and gas customers. The company says the service center will allow it to provide more efficient service and give customers more choices with departures and arrivals.
Workflow management tools, analytics and behavioral assessment can make the hiring process easier and quicker.
Trucking operation YRC Worldwide turned its business around in the third quarter of the year, going from a $44.1 million net loss a year ago to a net profit of $1.2 million.
A proposal that could eventually lead to higher insurance requirements for trucking companies is close to publication. An advanced notice of the proposal is under review by the White House Office of Management and Budget and can be expected to show up in the Federal Register this year.
Consumer spending in the U.S. declined in September for the first time in eight months, according to the U.S. Commerce Department.
Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.
Cummins reported its third quarter revenue was $4.9 billion, a 15% increase from the third quarter of last year. Stronger demand for on-highway markets and distributor acquisitions in North America was a significant factor in revenue growth.
Heavy Duty Trucking announced its second annual Top 50 Green Fleets at the Green Fleet Conference in Schaumburg, Ill., Thursday. A ceremony was held at the conference to honor these fleets for their sustainability efforts in areas such as fuel economy, alternative fuels and emissions.
One of the broadest measures of the health of the American economy shows it expanded at an annual rate of 3.5% in the third quarter of the year.
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