Competition Intensifies in Factoring Sector as Conditions Weaken in Trucking Market

Competition is intensifying in the factoring sector as freight markets shift, said a number of executives whose businesses offer fleets upfront invoice payments for a fee.

Rip Watson | Special to Transport Topics
August 29, 2016

Factory Production Increases More Than Expected

Ron Antonelli/Bloomberg News

Factory production in the United States grew 0.5% last month, the fastest pace in a year, as mining rebounded and utility use climbed, data from the Federal Reserve showed Aug. 16 in Washington.

Michelle Jamrisko | Bloomberg News
August 16, 2016
Business, Equipment

Class 8 Orders Drop Sharply in July

TT File Photo

North American Class 8 orders fell to about 10,000 in July, the weakest level in nearly six years, analysts reported.

August 3, 2016

Manufacturing Growth Cooled in July From One-Year High

Stephen Morton/Bloomberg News

U.S. manufacturing expanded in July, though at a slower pace, indicating gradual improvement that could help the economy emerge from a weak first half of the year.

Michelle Jamrisko | Bloomberg News
August 1, 2016
Business, Government

Drivers Win $5 Million in Settlement With Trucking Companies

Patrick T. Fallon/Bloomberg News

A group of trucking companies in Southern California will pay $5 million to settle a class-action lawsuit brought by drivers who alleged that they were improperly treated as independent contractors, according to a court filing July 14.

Natalie Kitroeff | Los Angeles Times
July 15, 2016

Manufacturing Gains More Than Expected in June

Ty Wright/Bloomberg News

Manufacturing in the United States last month posted the strongest advance since January, helped by automobile production and a sign domestic demand is improving.

Shobhana Chandra | Bloomberg News
July 15, 2016

Demand for Class 8 Trucks Rose in June, ACT Says

Daniel Acker/Bloomberg News

June marked the second time this year and only the fourth time in 19 months that demand for Class 8 trucks rose faster than the supply, ACT Research Co. reported, citing its most recent for-hire trucking index.

Roger Gilroy | Senior Reporter
July 13, 2016

Factory Production Falls More Than Expected on Vehicle Output

Luke Sharrett/Bloomberg News

Factory production fell more than forecast in May, reflecting declining output of vehicles and business equipment that show U.S. manufacturing is still hobbled by weak global demand.

Michelle Jamrisko | Bloomberg News
June 15, 2016
Government, Business

Arkansas Gov. Signs Bill That Ensures FAST Act Funding Match

State of Arkansas

After overwhelming votes in favor by the Arkansas House and Senate, Gov. Asa Hutchinson signed a bill on May 23 that boosts state funding for roads and bridges by $50 million to qualify for $200 million in federal funds from the FAST Act.

David Elfin | Staff Reporter
May 25, 2016

Manufacturers Display Safety Technology in D.C.

Fran Matso Lysiak/Transport Topics

WASHINGTON — Manufacturers of vehicle safety systems, including those for heavy-duty trucks, displayed their latest wares here for the benefit of federal policymakers and the national press.

Jonathan S. Reiskin | Associate News Editor
May 17, 2016