Glassman said that despite slow growth in the overall gross domestic product, there are other indicators — relatively low levels of layoffs and strong auto sales, for example — that demonstrate that a relative solid economic recovery has taken hold. The more sluggish pace of recovery in the housing sector, he said, may reveal the opportunity in that sector for more growth ahead.
Transportation Megatrends to Adopt by 2025
With the rise of e-commerce and consumer expectations transportation must be treated as a strategic element of the business plan and the end-to-end supply chain in order for companies to remain competitive in a digital economy. The report is available for download at http://bit.ly/2oQ21zo.
Accuride Acquires Wheel End Supplier KIC
Accuride has announced that it has reached an agreement to acquire wheel end component supplier KIC and some of its affiliated entities. Vancouver, Wash.-based KIC is the first company acquisition that Accuride has made since it was bought by private equity firm Crestview Partners. The KIC transaction is expected to close in the current quarter of 2017.