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Economic Indicators

Monthly Confidence Index rises again in February

The Equipment Leasing & Finance Foundation announces the February 2013 Monthly Confidence Index in the equipment finance market is up for the third consecutive month at 58.7, an increase from the January ...

Trailer orders plummet in January

Despite orders strong enough to generate a small gain in January backlog, orders for new trailers crashed more than 30 percent from December. "A total of 20,357 net orders were booked in January, ...

Truck tonnage highest in 5 years

The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.9 percent in January after jumping 2.4 percent in December. Tonnage has surged more than 2 percent every month since ...

Diesel hits 4 year high

Diesel prices continued their climb, rising 5.3 cents to $4.157 a gallon – the fifth consecutive increase. This week's price sets a high water mark as the the highest price in more than ...

Texas trucking companies do not plan to replace fleets this year

Texas-based truck dealerships may be in for another tough year in sales. The 2012 Texas Trucking Industry Study, the results of which were released Tuesday, shows Texas-based trucking companies expect faster sales growth in the ...

Medium duty sales up in January

Sales of medium-duty trucks in January offset losses in their heavy-duty counterparts according to a WardsAuto report.  While Class 8 sales fell 10.5 percent last month, medium-duty sales climbed 9.1 percent over prior-year, ...

Volvo truck deliveries down globally

Volvo Trucks decreased deliveries by 8 percent for the year 2012, the company said this week. The Swedish truck maker delivered 105,888 units for the full year, compared to 115,346 in 2011. December deliveries ...

Navistar could shed its RV business

Navistar is continuing on its quest to reevaluate all non-core assets of its business. Steve Schrier, spokesman for Illinois-based Navistar, told The Elkhart Truth the company has received and entertained offers for its Monoco, R-Vison and Holiday ...

Daimler layoffs hitting Oregon plant

Daimler Trucks North America will lay off 250 union production workers at its Swan Island truck plant next month as part of a 1,300-worker downsizing throughout North America, nwlaborpress.org reported. Last month, the ...

Class 8 sales start new year poorly

Sales of Class 8 trucks in the U.S. certainly aren't ringing in the new year.  A report from Ward’s Automotive this week revealed sales of heavy-duty trucks totaled 13,158 – a drop of ...

Commercial Vehicle Group 4Q revenues sink

Commercial Vehicle Group, Inc. reported revenues of $173.4 million for the fourth quarter of 2012 Thursday, down 23.2 percent compared to $225.8 million for the prior-year period.  “Our fourth quarter revenues declined compared to both the prior-year ...

Shippers Index begins to slide, Freight Index climbs

FTR Associates Shippers Conditions Index registered negative for December, reflecting a tightening capacity for shippers that is forecasted to increase dramatically as 2013 continues.  As freight continues to grow, potentially pressing federal regulations ...

Rush reports record revenues on strong sales figures

Rush Enterprises Inc. limped through a rough fourth quarter while roaring to record revenues in 2012, the company reported Wednesday. Rush, which operates one of the largest networks of commercial vehicle dealerships in North ...

Diesel prices continue climb

Diesel prices jumped 8.2 cents to $4.104 a gallon, the Department of Energy said Monday. Monday's jump marks the fourth consecutive increase and the settles diesel at its highest price since October. It's been ...
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