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Private fleets are currently adding capacity at a faster rate than for-hire fleets, according to the Q2 2013 Fleet Sentiment survey conducted by CK Commercial Vehicle Research. Half of the private fleets participating in the quarterly survey indicated they were adding capacity with the power units they expected to purchase (in the next three months), with an average of more than 40% of those orders designated for that purpose.
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Class 8 truck orders for April are expected to come in between about 23,000 and 23,300, which is higher than last year and marks the fifth month in a row orders have been above 20,000, according to two leading trucking number-crunchers.
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Job creation overall in the United States as well as in trucking both posted solid gains in April according to a new report, leading to a surge on Wall Street as well as an increase in the price of oil.
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Arkansas-based USA Truck added a driver recruiting website exclusively for military veterans. Called "We Hire Heroes" and located at www.HiringMilitaryDrivers.com, this new site is designed to make the transition to civilian employment easier for military personnel.
Read More →Cummins Inc. reported first quarter revenues of $3.9 billion decreased 12% from the first quarter of 2012. Revenues in North America declined by 15% and international revenues declined by 10% as the company experienced weaker demand in most major geographies and end markets.
Read More →Trucks carried 59.1% of the $88.4 billion of freight moved in February 2013 between the United States and its North American Free Trade Agreement partners, Canada and Mexico.
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The 10.2% year-over-year gain in domestic container volume in the first quarter of 2013 represents the sixth consecutive quarter of 10%-plus increases, and the second highest volume in domestic container history.
Read More →Con-way Inc. reported 2013 first-quarter net income of $14 million, or 25 cents per diluted share. The results compare to first-quarter 2012 net income of $25.6 million, or 46 cents per diluted share.
Read More →Four professional drivers honored earlier this week by the National Private Truck Council have together covered more than 18 million miles over a combined 166 years, operating a variety of equipment safely and reliably, yet each finds time for community involvement, NPTC said in its annual Hall of Fame presentations.
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General Motors, Ford and Toyota lead the list of Best Fleet Value vehicles from Vincentric, a privately held automotive data compilation and analysis firm headquartered in suburban Detroit.
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