Tuesday, April 24, 2018
Business
DOT freight measure posts first yearly increase in 20 months

DOT freight measure posts first yearly increase in 20 months

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.

Trade deficit rises to $40.4 billion in March

Trade deficit rises to $40.4 billion in March

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.

ACT: Trucking, commercial vehicle sectors continue rebound

ACT: Trucking, commercial vehicle sectors continue rebound

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.

CEO: Cummins positioned for long-term growth

CEO: Cummins positioned for long-term growth

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.

Wholesale inventories and sales rise in March

Wholesale inventories and sales rise in March

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.

Navistar signs long-term contract with J.B. Hunt for new ProStar+ tractors

Navistar signs long-term contract with J.B. Hunt for new ProStar+ tractors

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.

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