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The TCI took a modest hit during April but is still solidly positive and should stay higher for most of 2014. Much of the reason for the April's dip is the abnormal conditions seen during the winter are leveling off, and having less of an impact on capacity and pricing.
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Scott Wolfe will remain the CEO of Universal for seven months to help Jeff Rogers transition into that position. Scott’s appointment to Universal's Board of Directors ensures that his experience and counsel will continue to benefit Jeff and the company both now and after Scott’s retirement as Universal’s CEO.
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The increase brings the loaded mileage rate up 4¢ per mile to $1.00 per mile, and the deadhead rate up 1¢ per mile to $0.91 per mile, effective July 1.
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Manufacturing activity expanded throughout the nation with a notable improvement along the East Coast. Growth was particularly strong for several Distracts related to motor vehicles, aerospace, and metals. Both non-residential construction activity and commercial real estate markets were generally steady to stronger since the last report.
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The Western Star 'Design Our Star' truck hits the road pulling OOIDA's Spirit of the American Trucker tour trailer. It will make appearances at truck shows, conferences and truck stops.
Read More →May's preliminary net order figures for Class 8 are the strongest since February, while Class 5-7 net orders slumped 27% compared to a very strong month in April.
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Truck driver hours of service took center stage Tuesday as Senators grilled Anne Ferro, chief of the Federal Motor Carrier Safety Administration, on the new 34-hour restart provision. The exchanges during a Senate Commerce Committee hearing on the federal highway program were a prelude to a showdown Thursday on the restart.
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New orders for manufactured goods were up for the third consecutive month in April, rising 0.7% to $499.8 billion. April was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.5 percent March increase.
Read More →Hino Motor Sales U.S.A., and Telogis announce a partnership to provide the next generation telematics platform for Hino commercial trucks.
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Black Book reports modest declines in all medium and heavy duty used truck segments, consistent with good demand and typical depreciation rates.
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