Consumer Confidence Drops, Service Sector Rebounding
UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
Truck engine manufacturer Cummins increased both second quarter revenue and net income, while truck and engine maker Paccar reported record quarterly net income.
The Eaton Procision line of dual-clutch, automated-manual transmissions will be available on International DuraStar medium-duty trucks in late 2015.
UPDATED: An issue unrelated to transportation may keep the House from taking up the Senate's six-year highway bill. The clock is ticking as funds run out midnight Friday and the House is leaving for August recess.
Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.
The California Construction Trucking Association has been renamed the Western States Trucking Association in a move to better represent its more diverse membership.
The number of used Class 8 trucks sold rose by 6% to 2,643 units in June, according to a report from ACT Research.
Freight volumes are projected to grow nearly 29% over the next 11 years, according to a report released by American Trucking Associations.
TruckPro has completed the purchase of Power Train Service, a provider of heavy-duty aftermarket truck parts, fleet maintenance, remanufacturing, and mobile repair services.
Truck component manufacturer Accuride achieved record profitability in the second quarter of the year and a big improvement from the first quarter.
New orders and shipments for manufactured durable goods rebounded in June following two straight monthly drops, while business investment also turned around, according to the Commerce Department.
As of late Sunday evening, Senate Majority Leader Mitch McConnell had managed to steer the multi-year highway bill introduced last week beyond some legislative potholes that had threatened to slow the process of getting the measure to the House for consideration.
U.S. Gain has opened two compressed natural gas (CNG) stations in Indianapolis and Des Moines, Iowa, announced the CNG division of U.S. Venture.
Bendix Commercial Vehicle Systems signed an agreement to purchase a 60-acre site in Avon, Ohio, to build its new headquarters. It says it's outgrowing its current facility.
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