NEW YORK — Cummins Inc. is well positioned to take advantage of a number of long-term economic and market trends and is optimistic about its prospects for sustained profitable growth, members of senior leadership told investment analysts Tuesday.
WASHINGTON — Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.
THE WOODLANDS, Texas — FleetPride Inc., an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired the assets of Express Truck Parts Inc. in San Jose, Calif.
WESTBURY, N.Y. — Repossessions and liquidations of trucking equipment in the fourth quarter of 2009 declined significantly as compared to similar figures from 2008, according to Nassau Asset Management’s NasTrac Quarterly Index.
BIRMINGHAM, Ala. — Sales of McLeod Software products Including LoadMaster, PowerBroker and DocumentPower Enterprise, reached the highest annual total in its 25-year history during 2009, the company reports.
PORTLAND, Ore. — Freight availability in February more than tripled on the North American spot market, compared to February 2009, with a 215 percent increase according to the TransCore Freight Index. This marked the fifth consecutive month of improvement on a year-over-year basis and indicated unusually strong seasonal volume, according to TransCore.