Economy

These nine factory sectors are hot

The Institute for Supply Management's April survey shows that economic activity in the manufacturing sector expanded last month for the fifth consecutive month.

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POLL: Has your income improved over the last year?

Vote in this poll probing economic improvement for owner-operators over the last year. Is your business doing better?

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Trucking employment continues to gain

The December employment report released this week by the Bureau of Labor Statistics shows trucking added 4,200 jobs.

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Modest proposal: $65/hour, fair detention rate to protect small biz

A reader sees a need for mandatory detention pay to protect the small business trucking life from the continuing encroachment of big-business competition and government regulation in the form of tightening hours and EOBRs.

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Indicators: Surface trade, truck orders, others improve

The week's highlights in potential economic indicators all show positive growth for both the trucking economy and the U.S. economy as a whole.

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Pay trends, part 1: Near-term forecast mixed

While industry analysts say rising owner-operator compensation for both leased drivers and independents is on a slow rise, anecdotal reports and some polls suggest otherwise.

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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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