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Economic activity in the nation’s manufacturing sector expanded in October for the fifth consecutive month and the overall economy grew for the 53rd consecutive month, according to the nation's supply executives in a survey by the Institute of Supply Management.
Read More →Mack Trucks announced that as part of a $30 million investment, the Hagerstown, Md. plant that produces all Mack engines and transmissions will begin assembling all Mack heavy-duty drive axles and machining all Mack carrier housings.
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Growth for the nation’s economy picked up dramatically in the second quarter of the year with the gross domestic product increasing at an annual rate of 2.5%.
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There could be a lot more freight for trucking to move in the future from the nation’s manufacturing sector.
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Shipment of factory orders in July increased while new orders fell, according to a new Commerce Department report. Overall shipments saw their second hike in the past three months, but durable goods shipments fell slightly.
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Although a "cavalcade of regulations" is expected to make it harder than ever to find drivers, an economy that continues to grow at a sub-potential rate means fleets don't have a lot of leverage when it comes to raising rates, according to John Larkin and fellow transportation analysts at the Stifel Nicolaus investment firm.
Read More →Industrial production in the United States has posted its largest increase in four months, according to the U.S. Federal Reserve. The overall performance matched a consensus estimate by economists surveyed by Bloomberg News, while the manufacturing number -- key to truck freight -- was better than expected.
Read More →Shipments and new orders for manufactured goods in the United States both headed higher in May, according to a new U.S. Commerce Department report, easing earlier fears this important sector to trucking and the economy might be in for tougher times.
Read More →Overall construction spending in the United States during May rebounded sharply from the month before, thanks in part to an uptick in spending on public construction projects, while an other report shows manufacturing returned to expansion mode in June.
Read More →Navistar International’s Brazilian subsidiary has begun assembling medium- and heavy-duty trucks that were formerly built by a contract manufacturer.
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