Three indicators of the trucking economy's current state and potential future trends show slightly mixed readings this week.
The number of houses that began construction in September jumped a whopping 15 percent from August to its highest numbers since 2008 and up 34 percent over last September.
The amount of freight carried by the for-hire transportation industry fell 0.6 percent in August from July, declining after a one-month rise.
For-hire trucking companies added 700 payroll jobs in September on a seasonally adjusted basis as the overall U.S. economy added 114,000 nonfarm jobs.
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.
Economic activity in the manufacturing sector expanded in September following three consecutive months of slight contraction.
The Equipment Leasing & Finance Foundation's Monthly Confidence Index for the Equipment Finance Industry is 53.0, up from the August index of 50.2, reflecting increased optimism.
The index outpaced August 2011 volume by 8.4 percent, the sixth time in 2012 that volume has exceeded prior-year levels.
Overdrive's Most Beautiful contest is back for a second year. Submit yourself or a female truck driver you know! The first-place winner will win a trip to The Great American Trucking Show in August and will be featured in a story in Overdrive. Submissions accepted through March 20.
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