Universal Logistics Profits Fall in First Quarter Despite Higher Revenue
Profits at Universal Logistics Holdings Inc. fell 42% year-over-year despite 9.2% growth in revenue during the same period, which the company acknowledged was due to problems with a few of its large value-added programs.
April 27, 2017Mack Trucks Turning the Corner? Company to Hire 50 for Pennsylvania Plant
Less than three months ago, Mack Trucks reported its weakest year of truck deliveries in six years. Now, it appears, the heavy-duty truck manufacturer with a massive assembly plant in Lower Macungie Township, Pa., is turning the corner.
April 27, 2017Meal and Rest Break Provision Sidelined With Short-Term Bill to Avert Shutdown
A meal and rest break pre-emption provision expected in a fiscal 2017 funding bill was sidelined as congressional leaders turned their focus to a weeklong funding measure instead, the chairman of the House funding panel announced this week.
April 27, 2017UPS First-Quarter Profits, Revenue Rise
UPS Inc. struggled with currency exchange rates but benefited from a new treatment in taxes and wound up with a 2.4% gain in first-quarter net income and a 6.2% surge in global revenue.
April 27, 2017Trump Rules Out Swift NAFTA Exit in Favor of Renegotiation
President Donald Trump won’t immediately terminate U.S. participation in the North American Free Trade Agreement, the White House said, after he spoke with the leaders of Mexico and Canada about ways to renegotiate the accord.
April 27, 2017Union Pacific Profits Up 9.5%, Easily Beat Forecasts
Union Pacific’s profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation.
April 27, 2017American Consumers' Economic Expectations Strongest Since 2001
Consumer confidence rebounded last week as Americans became the most upbeat about the economy since 2001, the Bloomberg Consumer Comfort Index figures showed April 27.
April 27, 2017Jobless Claims Rise to Four-Week High Amid Holiday
Filings for U.S. unemployment benefits rose to a four-week high last week, interrupting a run of subdued firings, a Labor Department report showed April 27.
April 27, 2017Durable-Goods Orders Rose Less Than Forecast in March
Orders for durable goods rose less than forecasted in March as demand for automobiles, fabricated-metal products and machinery all declined, Commerce Department data showed April 27.
April 27, 2017Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group
Sandwiched between “soft pricing” and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased.
April 26, 2017