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The next NTEA Industry News Brief will be sent on Thursday, Jan. 7 due to our holiday schedule. Happy Holidays!
The Detroit News Share     The White House recently issued a report saying American manufacturers face "enormous challenges." The report was released in advance of a planned Obama administration announcement endorsing a $5 billion increase—to $7.3 billion—in a tax credit program to boost factory jobs. The report notes that U.S. manufacturing, despite having shed 2.1 million jobs since the recession began in December 2007, "is the world's largest; indeed, by itself it would represent the ninth largest economy in the world." More
Fed again holds key interest rate at record low near zero Transport Topics Share
The Federal Reserve voted for the ninth straight time Wednesday to keep a key U.S. interest rate at a record low "target range" of zero to 0.25 percent. The Fed first lowered the key federal funds interest rate to that range last December. More Senate gets clean energy vehicle bill eTrucker Share
U.S. Sen. Debbie Stabenow (D-Mich.) and U.S. Congressman Gary Peters (D-Mich.) introduced the Advanced Vehicle Technology Act of 2009. The legislation, cosponsored by Sens. Ron Wyden (D-Ore.) and Sherrod Brown (D-Ohio), would provide funding to help U.S. manufacturers and suppliers develop the next generation of advanced vehicles, including more fuel-efficient medium- and heavy-duty commercial trucks. More Jobless-aid claims rise, but four-week average falls Yahoo! News Share
The number of newly laid-off workers filing claims for unemployment benefits unexpectedly rose last week as the recovery of the nation's battered labor market proceeds in fits and starts. But the four-week average for jobless claims, which smooths out fluctuations, fell. That was an encouraging sign that the labor market is gradually improving. More Spot freight index jumps in November eTrucker Share
Spot market freight availability increased by 65 percent in November compared to last year based on the TransCore Freight Index, which evaluates truckload freight volume posted on load boards. Load-to-truck ratios on the spot market have been climbing since February. November's ratio of 2.5 loads posted per available truck was 120 percent higher than the ratio for November 2008, due to higher freight volume this year and excess capacity in last year’s fourth quarter. More Housing starts jump 8.9 percent in November Transport Topics Share
Housing starts jumped 8.9 percent in November while building permits rose to the highest level in a year, the Commerce Department said. Starts rose to an annual rate of 574,000 units, Commerce said. The level matched economists’ projections, Bloomberg reported. More Real Power sees greater fleet demand for truck-integrated, PTO-driven generators Truck Trend Magazine Share
Certain work trucks always need power on the go, and Real Power has noticed greater demand for power generators integrated to Class 4-8 trucks. Truck-mounted generators have been touted as a cost-effective means of creating mobile power compared to stand-alone generators. More |
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