December 2021

Optronics Introduces Industry’s First Multifunction…

Optronics International, a leading manufacturer of vehicle harnesses, electronic control systems and LED lighting for the global transportation industry, introduced its new MCL16MR...

NACPC Acquires Pratt Industries Intermodal…

The North American Chassis Pool Cooperative (NACPC) today announced the acquisition of Pratt Industries Intermodal Chassis. The company, now named “Pratt Intermodal Chassis, LLC....

Manufacturing PMI® at 61.1%

“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 ...

FTR Reports Preliminary North American…

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...

Phillips Industries Welcomes New Director…

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...

IRS Addresses Retroactive Termination of…

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 ...

Revised 2022 Salary Increase Budgets…

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...

FTR’s Trucking Conditions Index for…

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...

Cass Freight Index® 4.5 Percent…

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....

Month: December 17, 2021