Business

Savannah Surges as Mighty Gate for Imports on US Growth

Blueberries from Chile, Peru and Brazil may soon be heading toward U.S. tables via Savannah, Georgia, opening another shipping market in the city’s emergence as a major trade hub.

October 28, 2014
Business, Government, Logistics

Consumer Confidence Rose to Seven-Year High in October

Confidence among U.S. consumers rose in October to a seven-year high as gasoline prices dropped and the job market improved.

October 28, 2014
Business

Durable Goods Orders Decrease for Second Month

Orders for durable goods dropped unexpectedly in September, falling for a second month, on waning demand for machinery and computers that signals companies are reluctant to invest in updating equipment.

October 28, 2014
Business, Government, Logistics

Los Angeles Delays Hit Sales as No. 1 US Port Suffers

After years of ending the holiday shopping season with too much merchandise stacked in their warehouses, U.S. retailers face the opposite this year: They may not have enough.

October 27, 2014
Business

TNT Express Posts Loss on Restructuring, Provision in France

TNT Express NV reported a quarterly loss as restructuring measures and a provision to cover potential costs from an investigation into alleged anti-competitive behavior in France bit into the Dutch logistics company’s earnings.

October 27, 2014
Business

Pending Home Sales Rise in September

Contracts to purchase previously owned homes rose less than forecast in September, showing housing will take time to gain momentum.

October 27, 2014
Business, Fuel

Gasoline Falls to Lowest Since 2010, Lundberg Says

The average price of regular gasoline at U.S. pumps slid to the lowest level in almost four years, dropping 18.18 cents in the two weeks ended Oct. 24 to $3.076 a gallon, according to Lundberg Survey Inc.

October 27, 2014
Business

New Home Sales Were Little Changed in September

Purchases of new houses in the U.S. rose in September, and revisions showed the magnitude of the unfolding recovery was more modest.

October 24, 2014
Business

L.A. Port Chief Predicts Movement in Contract Talks

Contract negotiations between West Coast port operators and dockworkers are progressing toward a tentative agreement in November, the head of the Port of Los Angeles said.

October 24, 2014
Business

Caterpillar Raises Forecast, Sees 2015 Growth Prospects

Caterpillar Inc., the largest construction equipment maker, raised its full-year earnings forecast and said sales may gain in 2015 on an improvement in global economic growth.

October 23, 2014