NASHVILLE, Ind. —Demand for Class 8 vehicles this year will increase just 3 percent over 2009, according to the March North American Commercial Truck and Trailer Outlook Report by FTR Associates. The company projects that this will be followed by considerably more significant improvement of more than 50 percent in 2011.
WASHINGTON — Factory orders rose in February, bolstered by strong demand for industrial machinery and commercial aircraft. It was the 10th increase in 11 months as manufacturing continues to provide crucial support for the nation's economic recovery.
NEW YORK — Signs of life in consumer spending are sprouting this spring. A partial rebound in consumer confidence, a positive report on January home prices and an expected strong March from retailers suggest Americans are cautiously perking up.
WASHINGTON — American Trucking Associations economist Bob Costello is among 10 new members appointed by Transportation Secretary Ray LaHood to the Advisory Council on Transportation Statistics (ACTS). The council’s role is to advise the DOT’s Bureau of Transportation Statistics, a part of the Research and Innovative Technology Administration, on statistical matters.
WASHINGTON — Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 19.5 percent higher in January 2010 than in January 2009, reaching $56.7 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
NEW YORK — Home prices showed the smallest annual decline in almost three years in January, indicating there are surprising areas of strength in the housing market.