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Month: December 17, 2021

Optronics Introduces Industry’s First Multifunction…

  • Dec 17th, 2021
  • .Company News / Member News
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Optronics International, a leading manufacturer of vehicle harnesses, electronic control systems and LED lighting for the global transportation industry, introduced its new MCL16MR...
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NACPC Acquires Pratt Industries Intermodal…

  • Dec 16th, 2021
  • .Company News / Member News
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The North American Chassis Pool Cooperative (NACPC) today announced the acquisition of Pratt Industries Intermodal Chassis. The company, now named “Pratt Intermodal Chassis, LLC....
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Manufacturing PMI® at 61.1%

  • Dec 16th, 2021
  • .Economic News
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“The November Manufacturing PMI® registered 61.1%, an increase of 0.3 percentage point from the October reading of 60.8%. This figure indicates expansion in the overall economy ...
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FTR Reports Preliminary North American…

  • Dec 16th, 2021
  • .Economic News
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FTR reports preliminary North American Class 8 net orders dropped in November to 9,500 units, down 41% from October and down 82% y/y. Orders were the lowest for the month of Novemb...
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Phillips Industries Welcomes New Director…

  • Dec 16th, 2021
  • .Company News / Member News
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Phillips Industries has hired Joseph Felicelli to fill the new role of director of product strategy. In his new position, Felicelli will lead product management and marketing and s...
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IRS Addresses Retroactive Termination of…

  • Dec 16th, 2021
  • .Tax News
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The employee retention credit (ERC), also referred to as the employee retention tax credit (ERTC), was created in March 2020 to encourage eligible businesses to keep employees on ...
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Revised 2022 Salary Increase Budgets…

  • Dec 16th, 2021
  • .Business News
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In midyear 2021, most salary increase budget projections were pegged at around 3 percent to 3.2 percent for 2022. Those expectations have since gone by the wayside. In newly releas...
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FTR’s Trucking Conditions Index for…

  • Dec 16th, 2021
  • .Economic News
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FTR’s Trucking Conditions Index (TCI) measure for October fell to a reading of 7.75 – the weakest reading since July 2020 – because of a surge in diesel prices. Had fuel pric...
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Cass Freight Index® 4.5 Percent…

  • Dec 16th, 2021
  • .Economic News / Freight News
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One Step Back, Two Steps Forward? November 2021 Year-over-year change 2-year stacked change Month-to-month change Month-to-month change (SA) Cass Freight Index – Shipments 1....
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