Busy storefronts and an inflation pickup show the worldâs largest economy is starting 2017 much the same way it ended 2016: driven by the consumer.
February 16, 2017Search
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XPOâs Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. â XPO Logistics Inc. CEO Brad Jacobs wonât rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that heâll âdouble downâ on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017Underinvestment in Freight Infrastructure Will Hurt Economy, Schneider CEO Says
WASHINGTON â The country's freight transportation network must be modernized and expanded to handle the projected increase in freight volume, Schneider International Inc.'s top executive told a Senate panel Feb. 15.
February 15, 2017Werner Nixes Driving School in Pennsylvania After Local Outcry
Plans for a trucking facility in Palmer Township, Pennsylvania, no longer include a school for new drivers.
February 14, 2017Consumer Sentiment Cooled in February on Views of Finances
Consumer confidence retreated in February from a 13-year high, as Americans tempered expectations of their finances and the economy.
February 10, 2017Private Equity Group Buys Stake In Evans Network of Cos.
Calera Capital has acquired a majority stake in the Evans Network of Cos., but CEO Bo Bates, the Evans family and management will retain a significant equity interest in the business, according to a Feb. 9 announcement.
February 9, 2017Washington State Audit: Port of Seattle Illegally Gave Out $4.7 Million in Raises
The Port of Seattle illegally gave out nearly $5 million in raises to hundreds of employees about a year ago, a Washington state audit has concluded.
February 5, 2017Secret Pay Raise, Improper Gifts: Inside Port of Seattle CEO's Abrupt Departure
The CEO of the Port of Seattle secretly gave himself a $24,500 raise, improperly accepted travel gifts and sports tickets from port customers and apparently steered port business to his father's company before leaving, officials revealed Feb. 3. There also were reports of a potential sexual-harassment complaint on top of an ongoing DUI case against him.
February 5, 2017Editorial: Letâs Get Started, Secretary Chao
While Republican leaders in Congress seem to be in no hurry to address the countryâs infrastructure, thereâs an entirely different feeling surrounding President Trumpâs pick to be transportation secretary, Elaine Chao, who was confirmed easily last week.
February 6, 2017Consumer Comfort Increases on Optimism About Economy
American consumer sentiment climbed last week as views on the economy matched the highest level since 2007, according to figures in the Bloomberg Consumer Comfort Index released Feb 2.
February 2, 2017