RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Cummins CEO Expresses Optimism About the Future

Wed May 10, 2017

145322220422564.jpgCummins Inc.’s chairman and CEO Tom Linebarger said the company is excited about future opportunities for success, including joint ventures and technological innovation.

That was the message to shareholders, company employees and guests Tuesday during Cummins’ annual meeting at Columbus Engine Plant, according to a story by The Republic.

Despite weakness in the North American truck and the global high horsepower markets in particular, Cummins recorded full-year revenues of $17.5 billion and earnings before interest and taxes of $2 billion. Although both figures were down from the previous year, Linebarger said the restructuring of businesses, reductions in material costs and the hard work of employees still made the company profitable and beneficial to shareholders.

Additional Information: http://www.therepublic.com/2017/05/10/ceo_fuels_optimism_for_future/