Manufacturing Expands in Philadelphia Area
Manufacturing activity in the Philadelphia region expanded in April, the Federal Reserve Bank in that district said April 17.
April 17, 2014DOT, EPA Officials Tour Truck Dealerships
Officials from the Environmental Protection Agency and the Department of Transportation recently toured three commercial truck dealerships to learn more about the industry and the cost of regulatory actions on dealers, American Truck Dealers said.
April 17, 2014Weekly Jobless Claims Rise by 2,000
Jobless claims increased by 2,000 to 304,000 in the week ended April 12 from a revised 302,000 the prior period that was the lowest since September 2007, a Labor Department report reported April 17.
April 17, 2014Economy Continues to Expand Modestly, Fed Says
The economy continued to expand modestly from late February to early April in most of the country, and transportation generally strengthened in recent weeks, the Federal Reserve said.
April 16, 2014Con-way, ODFL, YRC Freight Join uShip LTL Marketplace
Online freight marketplace uShip announced April 16 that three national less-than-truckload carriers have committed to join uShip’s shipper-direct LTL spot rate marketplace.
April 16, 2014CSX Reports 1Q Income Drops 14%
CSX Corp. reported its first-quarter net income fell 14% to $398 million, or 40 cents per share, as the rail industry began its first-quarter round of earnings reports on a lower note.
April 16, 2014Autocar Recalls 4,100 Nat-Gas Trucks
Autocar is recalling 4,100 natural gas-powered trucks as the initial major recall of Cummins Westport ISL G and Cummins’ ISX 12 G is expanded.
April 16, 2014Industrial Production Rises 0.7% in March
Industrial production rose 0.7% in March after a revised 1.2% increase the prior month, figures from the Federal Reserve showed April 16.
April 16, 2014Housing Starts Rise 2.8% in March
Housing starts climbed 2.8% in March to a 946,000 annualized rate after February’s 920,000 pace, which was higher than previously reported, Commerce Department reported April 16.
April 16, 2014Swedish Shareholders Group Recommends VW Bid for Scania
A Swedish shareholders group recommended that its members accept Volkswagen AG’s $9.2 billion bid to buy out Swedish truck maker Scania AB, Reuters reported April 16.
April 16, 2014