Consumer 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, 2017Productivity Gains Cooled Last Quarter; Labor Costs Rose
Worker productivity in the United States cooled in the fourth quarter following the biggest jump in two years, resuming the weak efficiency gains that have plagued the expansion.
February 2, 2017Filings for Jobless Benefits Fell to 246,000 Last Week
Fewer Americans filed applications for unemployment benefits last week, marking 100 straight weeks of claims below 300,000. That’s the longest streak since 1970 and indicates a healthy job market.
February 2, 2017Landstar Boosts Profits, Easily Surpasses Forecasts
Landstar System Inc. profits improved 4.5% in the fourth quarter compared with 2015, besting estimates from industry analysts for one of the few bright spots among trucking companies during earnings season.
February 1, 2017Megaload Rule Change Finds Backing of Idaho Senate Transportation Committee
The Idaho Transportation Department received legislative approval Jan. 31 for a rule change that lays the foundation for a statewide permitting system for oversize trucks.
February 1, 2017Mack Logs Worst Year of Truck Deliveries Since 2010
In the cyclical heavy-duty truck market, what goes up must eventually come down, and that's exactly what happened to Mack Trucks in 2016.
February 1, 2017FedEx Touts Twin 33s at House Hearing on Infrastructure
WASHINGTON — Allowing the freight industry to rely on twin 33-foot trailers nationwide would enhance productivity, safety and environmental efficiency, FedEx Corp.’s chief executive told a House transportation panel Feb. 1.
February 1, 2017Cargo Thefts Cost Businesses $114 Million in 2016
Cargo thefts fell for the third consecutive year in terms of reported incidents, but the value of the stolen goods rose 13.3% to $114 million, according to 2016 data from CargoNet.
February 1, 2017Volvo Results Improve for Quarter, Dip for Year
Original equipment manufacturer Volvo AB reported a fourth quarter of improving revenue and net income to cap off a 2016 characterized by modest declines due to soft business conditions.
February 1, 2017Soft Truck Market Takes Bite Out of Meritor First-Quarter Earnings
Commercial vehicle supplier Meritor Inc. reported lower fiscal first-quarter income and revenue as North American Class 8 production tailed off, it said Feb. 1.
February 1, 2017