Wednesday started with bad news/good news economic reports for trucking. Both involve May numbers.
New orders for durable goods were up by 1.8 percent, says the Commerce Department. That’s better than expected, and a welcome report for any business related to manufacturing.
On the down side, sales of new homes fell, which also wasn’t expected. They were down almost a third from a year ago, reports the Commerce Department.
The market placed more weigh on the durable goods number, and stocks were up at mid-day, particularly those of motor carriers and package shippers.
As Blogger Andrew Leonard says, noting those two reports: “It’s tough out there for an economic forecaster. Everything’s unexpected!”
— Max Heine
Affected tractors are equipped with an automated Eaton UltraShift Plus or Eaton Advantage Transmission with right hand stalk shifter. In the affected trucks, the display on the instrument panel can indicate “N” when the shifter is set into “D” or “R,” causing the truck not to move.