Business

Escalating costs are causing fleet owners to take a closer look at their total cost of ownership (TCO). But when doing so, many don’t take into account all the factors that make up their TCO and make generic comparisons that can be misleading. In this report, you’ll learn all the components that need to be calculated for an accurate TCO, and how a tool developed by Ryder helps fleet owners understand their costs, while saving money on their transportation spend.

Americans’ sentiment remained close to a 17-year high on rosier views of personal finances and the buying climate, as workers enjoy more take-home pay after the recent tax-cut legislation, according to the weekly Bloomberg Consumer Comfort Index released March 1.

U.S. factories expanded in February at the fastest rate since May 2004, indicating sustained strength in manufacturing as demand remains solid, figures from the Institute for Supply Management showed March 1.

General Motors Co. and Fiat Chrysler Automobiles NV reported hefty sales declines for the big trucks they’re overhauling this year, a troubling sign for a lucrative segment that’s held up well as the broader U.S. auto market shrinks.

U.S. filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed March 1.

Aurora Innovation’s 2018 is off to a booming start. The self-driving car company with offices in Pittsburgh and Silicon Valley started the year announcing partnerships with Hyundai and Volkswagen.

FreightCar America is moving to acquire the rail operations of Navistar Inc. in Cherokee, Ala.

South Carolina Gov. Henry McMaster is accusing the White House budget office — overseen by former S.C. GOP Rep. Mick Mulvaney — for skimping on funding for one of the state’s top priority infrastructure projects.

A gauge of contracts to purchase previously-owned U.S. homes unexpectedly declined in January to a more than three-year low, reflecting a shortage of inventories and rising mortgage rates, according to data released Feb. 28 from the National Association of Realtors in Washington.

When Daimler Trucks North America looks at 2018, it anticipates a surging truck market, constrained supply lines, customers’ need for faster uptime aided by predictive technology and the steady advance of electric powertrains, the company’s top executive said.