SAF-Holland announced it is expanding its operations in Dumas, AR, and will open a new facility in a building once occupied by Federal-Mogul in response to increased business.
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...Read the rest of this storyThe number of trucks with clean diesel engines has reached 30% according to research by the Diesel Technology Forum. There are now nearly 3 million trucks on the road with these clean diesel engines.
These trucks are producing fewer carbon dioxide emissions, less NOx emissions and are showing significant improvements in fuel economy.
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An indicator of business spending surged in July despite a big drop in total factory orders, according to final numbers released Tuesday by the Commerce Department.
Orders for non-defense capital goods minus aircraft increased 1% from the month before, better than the originally reported 0.4% increase, and June's 0.1% hike. This measure, which serves as a proxy of business investment, pushed the three-month annualized rate to a steady 5.1% gain.
Shipments of non-defense capital goods minus aircraft, which go into federal gross domestic product calculations, moved 1.2% higher in July, 0.2 of a percentage point better than the preliminary number. This pushed the annual growth rate to 5.4%, and according to analysts at Wells Fargo Securities, is consistent with its forecast for gradual firming in equipment investment in the third quarter of the year.
These positive numbers came as total new orders for manufactured goods in July plummeted by 3.3%, the biggest decline in nearly three years, erasing an upwardly revised June improvement of 3.2%. Much of this was due to a 19.2% drop in transportation orders, especially the volatile aircraft sector, while those for autos fell 0.9%. Excluding transportation, new orders were up 0.5%, the best month since January.
In contrast, shipments of manufactured goods increased 0.3% in July from the month before, recording the seventh gain in the past eight months.
There's really only good news in the July factory orders report where the headline reflects a slowing in what were strong prior gains for aircraft orders, according to analysts at Econoday. It said the best news is the upward revision to core capital goods orders (nondefense minus aircraft), plus the upward revision to core shipments.
“These numbers point to accelerating strength for third-quarter business investment,” Econoday said.
When it comes to the outlook for overall new factory orders, some analysts are also bullish on ...Read the rest of this story
Trail King Industries announced the appointment of Joe Kolb as president. In his new role, Kolb will be responsible for day-to-day operations of the company.
Effective simultaneously, Bruce Yakley will transition to the role of CEO. After more than six years as president of Trail King, Yakley's new role will be to continue to focus on serving Trail King's customers, as well as developing employees and strategic growth initiatives, the company explained.
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...Read the rest of this storyDoft (Do Freight Transportation) announced its integration with CarrierCheckup, a monitoring technology for motor carrier information and vetting solutions.
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...Read the rest of this storyDaseke Inc. announced a merger with R&R Trucking, a specialized transporter of defense and commercial AA&E (arms, ammunitions and explosives) cargo. This marks Daseke's fourth company addition since May 1, 2017, the company noted.
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...Read the rest of this storyYou've done the right thing by developing and distributing an employee handbook. But don't be too quick to pat yourself on the back. If you are like most businesses there may be some things in there that need tweaking.
Speaking at a recent NationLease meeting, Jason Banuski, president of HR One, shared his thoughts on where there is room for improvement when it comes to writing and updating this valuable document.
Here is Banuski's list of the Top 10 areas businesses should pay attention to:
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