Economy

Cummins to shut down facilities, reduce work force

Cummins says it's responding to a weak global economy by cutting costs while maintaining investments in growth programs with planned work week reductions, shutdowns at some manufacturing facilities and some targeted work force reductions.

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Hot Button: Truckers’ choice for President

Sixty-six percent of Overdrive readers participating in our 2012 presidential election poll favored Mitt Romney as their candidate of choice.

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Manufacturing index contracts in July

Economic activity in the manufacturing sector contracted in July for the second time since July 2009.

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Freedom drives prosperity, economist tells fleet execs

Speaking to attendees of the inaugural Great West Fleet Executive Conference in Vegas on Wednesday, noted economist Dr. Barry Asmus gave an enthusiastic endorsement of American exceptionalism and the importance of maintaining freedom and limited government to our country's future. With less than 5 percent of the world's population, the United States produces 30 percent of the world's wealth, he said.  Forty of the 50 greatest universities in the world are in the U.S and 84 ...

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The owner-operator: Takes a lickin’, still tickin’

Looking at the overall need for owner-operators, their health tracks freight demand.

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Landstar’s 2012 start good sign for owner-operators

The nation's largest owner-operator fleet, Landstar, reports that it had its best first quarter ever.

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Trucking still dominant, says ATA

Trucking continues to be the dominant mode of freight transportation and an integral part of the U.S. economy, according to the American Trucking Association’s 2012 edition of its American Trucking Trends, which is available now for sale through ATA Business Solutions.

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Angry about trucking? Occupy your business

You might have noticed the powers that be are not striving to make your work environment more trouble-free next year. A new, and likely more restrictive, hours of service rule is expected. Carriers are steadily adopting electronic onboard recorders. More emissions-related regulations start in California during 2012, and medical certification will be more closely tied to the CDL. Then there’s the economy, favorable to trucking lately but still showing signs of serious weakness. What’s an owner-operator to ...

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Factory freight finishing strong

Owner-operators with hauls tied closely to factory output should see good demand through year-end, based on today’s report from the Institute for Supply Management.

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Santa’s elves cranking out electronics

Manufacturing continued growing in October, but at a slower pace than September, according to the Institute for Supply Management.

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