WASHINGTON — The Freight Transportation Services Index (TSI) rose 0.9 percent in March from its February level, rising for the third consecutive month, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported Wednesday. The March Freight TSI rose 2.6 percent from March 2009, the first year-to-year increase in the freight index since July 2008.
WASHINGTON — The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports. The larger deficit is evidence of a rebounding U.S. economy.
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.