THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
Engine maker Cummins Inc. is planning to lay off about 2,000 workers due to the downturn in the market.
The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.
A Memphis, Tennessee, fleet is investing $84 million to turn a derelict shopping mall into its new headquarters facility.
Stock market volatility, rising interest rates, trade wars and other factors have some wondering if we’re standing on the precipice of the next recession. But company managements echo clear sailing ahead.
Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
Don’t worry about some signs of the economy softening in recent months, Bob Costello, chief economist for the American Trucking Associations, told trucking executives during the American Trucking Associations’ annual Management Conference and Exhibition.
The forecast for the 2019 model-year indicates it will be a strong asset acquisition year for the commercial fleet segment, which is comprised of 6.3 million light-duty vehicles in operation.
Growth across all business segments let to higher earnings for trucking and parcel delivery giant UPS in the second quarter.
FedEx will invest two-thirds of $200 million in increased compensation for hourly team members, due to the recently enacted tax reform signed by President Donald Trump.