Economic Watch: Factory Shipments, Orders Fall
New orders fell 0.7% from the month before, following a December drop of 2%, larger than first reported. Excluding transportation, new orders in January increased 0.2%.
New orders fell 0.7% from the month before, following a December drop of 2%, larger than first reported. Excluding transportation, new orders in January increased 0.2%.
Shareholders of the less-than-truckload carrier Vitran have approved an earlier announced sale to fellow Canadian trucking operation TransForce.
Ideas for infusions into the Highway Trust Fund got conflicting receptions before congressional tax committees this week, as Senate Finance Chairman Ron Wyden said he's looking for solutions while Ways and Means Chairman Dave Camp expressed concerns about the Obama administration's proposal.
With the federal Highway Trust Fund projected to be unable to support any new highway, bridge and public transportation improvements in fiscal year 2015, a national coalition of associations and labor unions announced that it is launching a campaign to help educate Congress about the connection between local jobs and federal highway and transit investment.
XTRA Lease has ordered approximately 5,000 new trailers for 2014, most of which will be built with corrosion-fighting galvanized steel components. The company is adding a mix of dry vans, liftgated vans and reefers equipped with new fuel-saving Thermo King Precedent reefer units.
Velvac Inc., a manufacturer of components to the truck, bus, recreational and specialty vehicle industries, has acquired the ViewMaster Product Line of mirrors used on vehicles in the refuse market as well as on other heavy- and medium-duty trucks.
WORK TRUCK SHOW -- United Parcel Service will buy 1,000 propane-fueled "package cars" for use in rural areas following successful test in Georgia.
Truck and engine maker Navistar International reported a wider first quarter loss than expected on Wednesday amid slower sales.
ACT Research and FTR have released preliminary expected Class 8 orders that are solid for the month of February.
Less-than-truckload carrier ABF Freight System will increase general rates and charges effective March 24.
While the amount of freight that’s available on the spot market has increased over the past week rates are mixed, according to the freight matching service provider DAT.
UPDATED -- Private sector employment increased by 139,000 jobs from January to February, according to the National Employment Report released Wednesday by the payroll management services provider ADP.
It takes guts to tinker with a brand identity as iconic as that of Mack Trucks, but leaders at the 114-year-old company felt it was time to make a bold move to reflect how Mack has evolved. Tuesday Mack unveiled a sleeker, more modern logo and a new tagline, "Born Ready."
The number of cargo thefts in the United States last year remained the same as it was in 2013, tying the highest level on record, according to a newly released report.
WORK TRUCK SHOW -- The International TerraStar 4x4 was named Work Truck magazine’s 2014 Work Truck of the Year at the NTEA Work Truck Show in Indianapolis.
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