Fed Describes Economy as ‘Strong’ for the First Time Since 2006
The Federal Reserve described economic activity as “strong” in a statement Aug. 1, the first time it has done so since it called it “quite strong” in May 2006 — in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown.
August 2, 2018China Says US Tariff Threat Runs Against Trend of the Times
BEIJING — China’s foreign minister said Aug. 1 that U.S. threats to hike tariffs run against the trend toward globalization and will hurt U.S. businesses and consumers.
August 2, 2018Trump Administration Cites Safety to Freeze Mileage Standard
WASHINGTON — The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards.
August 2, 2018Spending on Future Tech Eats Into BMW Profits
FRANKFURT, Germany — BMW’s profit fell 6% in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Aug. 1.
August 2, 2018XPO Logistics Posts Record Results in Second Quarter
XPO Logistics posted its best-ever second quarter as a strong economy generated demand for freight hauling and logistics services, and the company was able to capitalize on a shift toward greater outsourcing of transportation by shippers.
August 1, 2018Companies Continue to Search Supply Chains for Conflict Minerals
For the past five years, public firms across the United States have been searching out their supply chains for “conflict minerals” used to fund armed conflicts in Central Africa.
August 1, 2018Andrew Wheeler’s Reversal on Glider Order Earns Democratic Praise
WASHINGTON — A recent move by the acting U.S. EPA administrator to reverse his predecessor’s order on an Obama-era rule on glider kits for trucks earned him praise from the top Democrat on the Senate Environment and Public Works Committee.
August 1, 2018Fed Leaves Key Rate Unchanged With Economy 'Rising at Strong Rate’
Federal Reserve officials left the benchmark interest rate unchanged while reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace.
August 1, 2018Saia Follows Industry Trend With Record Earnings in 2Q
In the midst of a buoyant economy, less-than-truckload carrier Saia Inc. on Aug. 1 reported record second-quarter earnings. Saia said operating revenue was up nearly 18%, reaching nearly $428.7 million, or $1.18 a share, compared with $364.4 million, or 69 cents a share, for the same period in 2017.
August 1, 2018ATRI’s Updated Crash Predictor Model Sheds Light on Driver Behavior
Violations for reckless driving and failure to yield right of way are the top two behaviors for predicting future crash involvement, according to analysis yielded from the American Transportation Research Institute’s updated Crash Predictor Model.
August 1, 2018