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White House Backs Dealer Cuts
from the Detroit Free Press
 The Obama administration warned that it "strongly opposes" efforts in Congress to reverse cuts to nearly 2,200 dealers made by General Motors Co. and Chrysler Group LLC, saying any such move would "set a dangerous precedent."
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Jobless Claims at Six-month Low
from CNN
The number of Americans filing initial unemployment insurance claims fell to the lowest level in six months, according to government data recently released-- but the drop may be attributable to quirks in the auto industry rather than improvement in the economy.
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Fed Minutes Show Concern on Economy, Tight Credit
from Transport Topics
Federal Reserve officials judged the economy to be at risk from further shocks when they met last month and kept a key interest rate at an all-time low, according to minutes of the meeting released.
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Product Showcase:
Electric cranes
 IMT has a complete line of electric telescopic cranes specifically designed for lighter lifting applications in the construction, utility, public works, energy, and railroad markets, as well as for equipment dealers and rental equipment providers. The cranes range in capacity from 2,000 pounds (907 kg) to 6,000 pounds (2,722 kg) and feature advanced electrical, mechanical and hydraulic systems. More info
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Class 5-7 Truck Sales to Drop 44 Percent This Year
from Fleet Owner
The economy is taking its toll on the North American medium-duty truck market. For starters, General Motors announced at the beginning of June it would shut down its medium-duty business--effectively withdrawing around 22,000 Class 5-7 trucks out of the market each year.
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New York Manufacturing Index Improves in July
from Transport Topics
Manufacturing activity in the New York region contracted at the slowest pace in more than a year, the Federal Reserve Bank of New York said.
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Class 8 Truck Sales Improved in June
from Truck Trend
Class 8 truck sales rebounded slightly last month to a tune of 8,101 units for all major North American OEMs, marking a 9.7-percent increase from May and the first sales improvement in three months. With the latest uptick in sales, the annualized rate of orders ameliorates to 97,212 units, up from the previous three-month annualized rate of 94,872 units. More
Consumer Price Index Increases 0.7 Percent
from Transport Topics
The consumer price index gained 0.7 percent in June, the biggest jump since July 2008, the Labor Department said.
The so-called core CPI, which excludes food and energy, rose 0.2 percent.
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U.S. Postal Service Gets Greener with 1,900 New Alternative-Fueled Vehicles
from Truck Trend
As part of a vehicle purchase by the U.S. General Service Administration, the U.S. Postal Service will be receiving 1,000 E-85 ethanol-capable and 900 gas/electric hybrid vehicles to replace the aging, less fuel-efficient vehicles in their fleet. Since 2006, USPS has increased alternative fuel usage by 41 percent, and continues planning to reduce total gas consumption by 20 percent over the next five years. By ordering its 1,900 new vehicles, which were completely paid for by the GSA, the Postal Service brings the total number of alternative-fuel-capable vehicles in its fleet to more than 43,000 vehicles. The USPS fleet currently sits at nearly 220,000 vehicles.
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Product Showcase:
SoundOff Signal
 New 4" Round RD Series Stop/Tail/Turn LED signal lights are attractively priced for truck & trailer fleets to take advantage of low amp draw, reliability, better performance and reduced maintenance costs. Innovative optics design provides a wider angle of light resulting in greater side visibility. Light fits into common 4" round body cutouts. More info
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Product Showcase:
Elston Manufacturing
 Our nose mount (LC) heaters provide convenient, reliable protection from low temperatures for your cargo. These heaters push heat throughout the trailer with an attractive forced-air design optimized for safety, economy, and ease of maintenance. An optional 110V standby power supply is available to run the heater off of shore power. More info
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Vanair is the world’s largest manufacturer of vehicle-mounted air compressors, generators, welders and multi-drive systems.
www.vanair.com
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SoundOff Signal