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The nation’s manufacturing is continuing to show signs of renewed life following a downturn, while separate reports show overall moderate economic growth with existing home sales booming.
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Seasonal increases in spot truckload freight rates are continuing, according to new figures posted by the freight matching service provider DAT Solutions.
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Covenant Transportation Group Inc. has lowered expectations for its second quarter earnings report due to the current freight market as well as internal issues it’s facing.
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Douglas Dynamics has agreed to acquire medium-duty truck upfitter Dejana Truck and Utility equipment for $206 million It is expected to close the deal during the third quarter of 2016.
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Trailer dealer Nationwide Haul has been named an authorized dealer of East Manufacturing trailers and will offer new models as well as tractor-trailer parts and service.
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U.S. business logistics costs rose at a slower rate last year as supply chain transparency continued to grow in importance, according to the the Council of Supply Chain Management Professionals’ Annual State of Logistics Report.
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A decline in orders of Class 5-7 trucks in May points to "some moderate slowing" in a truck market that has shown strength since late 2013, according to ACT Research.
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FedEx Corp. cut much, but not all, of its second quarter losses compared to a year earlier, while a preview of Werner Enterprises Inc. second quarter earnings sent heartburn throughout trucking and Wall Street amid concerns about second quarter trucking profits.
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased in May following two consecutive months of decreases.
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North Dixie Truck and Trailer of Lima, Ohio, has joined the Power Heavy Duty network of independent distributors and service specialists.
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