Competition Intensifies in Factoring Sector as Conditions Weaken in Trucking Market
Competition is intensifying in the factoring sector as freight markets shift, said a number of executives whose businesses offer fleets upfront invoice payments for a fee.
Factory Production Increases More Than Expected
Factory production in the United States grew 0.5% last month, the fastest pace in a year, as mining rebounded and utility use climbed, data from the Federal Reserve showed Aug. 16 in Washington.
Class 8 Orders Drop Sharply in July
North American Class 8 orders fell to about 10,000 in July, the weakest level in nearly six years, analysts reported.
August 3, 2016Manufacturing Growth Cooled in July From One-Year High
U.S. manufacturing expanded in July, though at a slower pace, indicating gradual improvement that could help the economy emerge from a weak first half of the year.
Drivers Win $5 Million in Settlement With Trucking Companies
A group of trucking companies in Southern California will pay $5 million to settle a class-action lawsuit brought by drivers who alleged that they were improperly treated as independent contractors, according to a court filing July 14.
Manufacturing Gains More Than Expected in June
Manufacturing in the United States last month posted the strongest advance since January, helped by automobile production and a sign domestic demand is improving.
Demand for Class 8 Trucks Rose in June, ACT Says
June marked the second time this year and only the fourth time in 19 months that demand for Class 8 trucks rose faster than the supply, ACT Research Co. reported, citing its most recent for-hire trucking index.
Factory Production Falls More Than Expected on Vehicle Output
Factory production fell more than forecast in May, reflecting declining output of vehicles and business equipment that show U.S. manufacturing is still hobbled by weak global demand.
Arkansas Gov. Signs Bill That Ensures FAST Act Funding Match
After overwhelming votes in favor by the Arkansas House and Senate, Gov. Asa Hutchinson signed a bill on May 23 that boosts state funding for roads and bridges by $50 million to qualify for $200 million in federal funds from the FAST Act.
Manufacturers Display Safety Technology in D.C.
WASHINGTON — Manufacturers of vehicle safety systems, including those for heavy-duty trucks, displayed their latest wares here for the benefit of federal policymakers and the national press.