Economic Watch: New Home Starts Drop, Builders Still Upbeat
The number of housing starts in the U.S. fell more than expected in March, but home builder confidence in the market remains strong, according to two new reports.
The number of housing starts in the U.S. fell more than expected in March, but home builder confidence in the market remains strong, according to two new reports.
Toyota will shut down most of its production of Toyota, Lexus, and Hino vehicles over the coming week, after a pair of deadly earthquakes rocked Japan and caused parts shortages for the automaker.
The price of diesel fuel rose last week for the second straight week, but uncertainty in the crude oil market could curb the increases.
XL Hybrids, Inc. has introduced XL Link, a cloud-based data analytics system that measures key performance indicators, including MPG performance, and reports carbon dioxide emissions reductions in fleet gasoline-electric hybrids.
Growth in freight shipments slowed in March, according to the latest Cass Freight Index Report, while freight spending turned negative – but a longer-term view of cargo movements and the overall economy appears at least somewhat brighter.
Purkeys has partnered with Maxwell Technologies to produce a portable jump starter called CAPS that's designed for heavy- and light-duty applications.
The recall covers 321 Chevrolet Express and GMC Savana vans that were shipped to final-stage manufacturers missing the tire pressure monitoring system.
The number of large trucks involved in fatal crashes decreased by 5%, from 3,921 to 3,744, in 2014 vs. 2013, according to the Federal Motor Carrier Safety Administration’s latest annual Large Truck and Bus Crash Facts report.
Trailer leasing company Xtra Lease is offering the 2016 Size & Weight Guide, a reference guide containing state-by-state listings of size and weight regulations.
J.B. Hunt Transport Services says its first-quarter profit increased 8.9% from a year earlier as revenue rose by 6%, thanks to volume growth, improved network operations, higher equipment utilization, lower maintenance costs and increased contract pricing.
Ford has beefed up the axles, brakes, hitch, and suspension of its 2017 Super Duty pickups, after removing 350 pounds in weight-saving aluminum body panels, the automaker has announced.
"Much Ado About Nothing" might also serve as the subtitle of the long-awaited Comprehensive Truck Size and Weight Limits Study that the Department of Transportation has finally released to Congress, almost four years after it was mandated to do so by the MAP-21 highway bill.
The Federal Motor Carrier Safety Administration has issued a safety advisory to owners and operators of certain cargo tanks that were improperly inspected and tested, and warned that the tanks must be re-inspected and retested before being used in hazardous materials hauling.
Retail sales of U.S. and Canadian natural-gas powered Class 8 trucks improved modestly in February after getting off to a slow start in 2016, says ACT Research.
Mack Trucks announced it will invest about $70 million in its Lehigh Valley, Penn., truck assembly operations over three years “to further improve manufacturing quality and efficiency and modernize the facility.”
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