U.S. consumer spending rebounded in March while the Federal Reserve’s preferred underlying inflation gauge eased to a one-year low, reinforcing the central bank’s patient stance on interest rates even as the economy’s main engine holds up.
April 29, 2019Search
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Federal Transportation Policymakers to Visit N.Y.-N.J. ‘Gateway’
An area along the Hudson River in New York and New Jersey will be the site of a field trip federal policymakers have scheduled for the week of April 29 to raise the profile of a tunnel project known colloquially as “Gateway.â€
April 26, 2019Oakland Port Truck Management Plan Nears Final Approval
The Port of Oakland’s West Oakland Truck Management Plan has moved one step closer to final approval.
April 26, 2019Continental Sticks to Powertrain IPO Plan Amid Profit Slump
Continental AG is moving ahead with plans to carve out its powertrain division while postponing a final decision, as the German auto-parts maker adapts to the disruptive and costly shift to self-driving electric cars.
April 26, 2019Construction Groups Launch Ad Campaign Supporting Connecticut Tolls
A coalition of groups representing the building and construction industries has launched an advertising campaign in support of Gov. Ned Lamont’s plan for electronic tolling in Connecticut. Move CT Forward’s 30-second advertisement casts tolls as a more favorable fundraising option than borrowing billions of dollars, raising the fuel tax or doing nothing.
April 26, 2019Growth of 3.2% Tops Forecasts on Trade, Inventory Boost
Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.
April 26, 2019Celadon to Pay $42.2 Million After Admitting to Accounting Fraud
Celadon Group Inc. has agreed to pay $42.2 million to settle a federal investigation into allegations that a prior management team and a subsidiary company filed false and misleading statements to investors regarding tractors and trailers leased to owner-operators.
April 25, 2019Editorial: Old Man Winter Can’t Stop Freight
With quarterly earnings underway, we’re getting a look at how the industry fared during the first three months of 2019, a year which some have predicted could mark the beginning of a cooldown from last year’s red-hot freight market. Turns out the start of this year for freight haulers wasn’t marked so much by a cooldown as it was cold and snowy weather.
April 25, 2019Amazon’s Profit Surges on Cloud Computing, Advertising Gains
Amazon.com reported quarterly profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud computing, advertising and other high-margin businesses continues to pay off.
April 25, 2019Catch Them if You Can: The Soaring Business of Downing Drones
After recent incidents of drones disrupting passenger flights and costing potentially millions of pounds in revenue, a cottage industry of companies has emerged, all hoping to solve the problems caused when drones fly where they are not supposed to.
April 25, 2019