UPDATE 1-Volvo Trucks to boost U.S. output, rehire 700


* Says to boost production, rehire 700 at U.S. plant * Says retail sales through Feb up 47 pct from previous yr * Shares rise 2.5 percent (Adds details, quote) STOCKHOLM, March 30 (Reuters) - World number two truckmaker Volvo said on Wednesday it would boost production and rehire 700 workers at one of its U.S. plants to meet healthy demand, sending its shares higher. The highly cyclical heavy-duty truck market has picked up strongly in recent quarters with growth spreading out of ...

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