Equipment Suppliers Invest in Recovering US Market

United Rentals plans to increase capital spending by about a third, to $1 billion as more construction and industrial companies opt to rent rather than own equipment; Cummins more than doubles capital spending.

U.S. companies, facing slowing markets and rising costs around the world, are taking a new look at their home market.

With growth slowing in China and a slump gripping much of Europe, companies are adding capacity in the U.S., replacing aging equipment and even moving overseas production back from low-cost labor markets, a sign that corporate America could be poised to take a bigger role in the economic recovery.

For more, visit Wall Street Journal.