COLUMBUS, Ind. — A strengthening North American economy and rapidly tightening capacity in the truckload sector are setting the stage for significant demand for new equipment in 2011, according to market analyst ACT Research Co.
COLUMBUS, Ind. — Cummins Inc. continues to perform well despite the global economic downturn and is positioned for a period of sustained profitable growth once the recovery takes hold worldwide, Chairman and Chief Executive Officer Tim Solso said Tuesday at the company’s annual meeting.
WASHINGTON — Inventories held by wholesalers rose for a third consecutive month in March while sales increased by more than double the expected amount. Rising demand is making businesses more confident about the future, a key development needed to sustain the recovery.
WARRENVILLE, Ill. — Navistar Inc. and J.B. Hunt Transport Services Inc. Tuesday announced that the two companies have reached a long-term supply agreement for Navistar to be the principal provider of International brand commercial trucks to J.B. Hunt through 2014.
Expect to see increased freight rates as capacity continues to shrink, writes IHS Global Insight’s Charles W. Clowdis Jr., managing director, transportation advisory services.
NASHVILLE, Ind. — Intermodal transport’s share of U.S. long-haul truck traffic reached record highs in the first quarter of 2010, a recent analysis by FTR Associates shows.