Class 8 Market to Peak in 2015, Driven by Trucker Profitability, ACT Forecasts
COLUMBUS, Ind. — ACT Research projected that the Class 8 market will peak in 2015, driven by a favorable freight market and improved trucker profitability.
March 24, 2015Jack Allen Named Chairman of American Intermodal Container Manufacturing
American Intermodal Container Manufacturing has named former Navistar Inc. executive Jack Allen as its chairman, the company said March 24.
March 24, 2015Truck Tonnage Growth Slows to 3% in February
Truck tonnage growth slowed in February to a 3% pace as a blend of weaker economic results and winter weather held down the pace of the freight volume increase.
March 24, 2015ACT Economist Says Outlook ‘Very Positive’ Despite Recent Slowdown
COLUMBUS, Ind. — ACT Research predicted that the U.S. economy will continue to accelerate in 2015 despite a decline in retail sales and manufacturing activity in recent months.
March 24, 2015Daimler Recalls Some Model Year 2007-2011 Freightliner Cascadia Trucks
Daimler Trucks North America is recalling some model year 2007-2011 Freightliner Cascadia trucks due to possible damage from water leaks, the National Highway Traffic Safety Administration said in a recall announcement.
March 24, 2015Sales of New Homes Climb to Seven-Year High
Purchases of new homes in the U.S. unexpectedly rose in February to a seven-year high as stronger job gains helped bolster industry activity amid severe weather.
March 24, 2015Diesel’s Average Price Drops 5.3¢ to $2.864
Diesel’s national average price dropped 5.3 cents to $2.864, the second straight decline after five increases, the Department of Energy reported March 23.
March 24, 2015Cost of Living, Minus Food, Rises More Than Expected in February
The cost of living in the U.S. excluding food and fuel rose more than forecast in February, reflecting broad-based gains that helped keep a floor under inflation.
March 24, 2015Penske Logistics to Acquire Transfreight North America
Penske Logistics said it reached agreement to buy third-party logistics firm Transfreight North America from Mitsui & Co. Terms were not disclosed.
March 23, 2015BorgWarner Unveils DuroSpeed Fan Drive
Truck components manufacturer BorgWarner Inc. announced a new two-speed cooling fan drive for severe service and vocational applications.
March 23, 2015