J.B. Hunt Transport Services, Inc. to Participate in Longbow 9th Annual Industrial Manufacturing & Technology and Cowen and Company 9th Annual Global Transportation Conferences
Economic Watch: Manufacturing Declines, GDP Expectations Lowered
A preliminary look at the nation's manufacturing sector shows it continues to expand following a recent downturn. Separate reports show expectations of long-term economic growth have been moved lower and the housing market is suffering from low inventory levels.
U.S. goods producers saw a further upturn in overall business conditions during August, though the rate of improvement was softer than seen in July, according to a first reading for the month from the Flash U.S. Manufacturing Purchasing Managers' Index (PMI) provided by the financial information services provider IHS Markit.
It registered 52.1 in August, down from July's nine-month high of 52.9. The August reading pointed to a moderate rate of improvement that was weaker the post-Great Recession average. While output continued to rise markedly, total new work rose at a slower pace and employment expanded at the weakest rate in four months.
U.S. manufacturers signaled increased output for the third month running in August. The rate of expansion remained solid overall, having edged up slightly from July to a nine-month high. Anecdotal evidence suggested that new product launches, stronger underlying demand and new marketing strategies supported production growth in August.
“Taking the July and August readings together suggests that manufacturing is enjoying its best growth so far this year."
“The August drop in the PMI is a disappointment but less worrying when looked at in the context of July's better-than-expected reading,” says Chris Williamson, chief business economist at IHS Markit. “Taking the July and August readings together suggests that manufacturing is enjoying its best growth so far this year in the third quarter, and should help drive stronger gross domestic product (GDP) growth.”
With August seeing the largest rise in exports for almost two years, Williamson said, the improved trade performance should also help drive faster economic growth.
“However, a slowdown in overall order book growth is ...Read the rest of this story
Optronics reveals new LED directional warning lights
Bendix Wingman available for Peterbilt 579, 567 models
Bendix's driver assistance system, Bendix Wingman Fusion, can now be ordered as a factory-installed option on Peterbilt Motors Company Models 579 and 567 highway tractors and vocational trucks.
Bendix Commercial Vehicle Systems made Wingman Fusion available in 2015. According to the company, the system integrates a suite of Bendix safety technologies – radar, camera, the vehicle's brake system – into a driver assistance system.
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CVSA to hold 2016 Brake Safety Week Sept. 11-17
During the week of Sept. 11-17, 2016, law enforcement agencies across North America will conduct inspections on large trucks and buses to identify out-of-adjustment brakes, and brake-system and anti-lock braking system (ABS) violations as part of the Commercial Vehicle Safety Alliance's (CVSA) Brake Safety Week, an annual outreach and enforcement campaign designed to improve commercial motor vehicle (CMV) brake safety throughout North America.
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Dept. of Labor blog adds insult to injury
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