C.H. Robinson Profits Drop in Fourth Quarter But Beat Earnings Forecasts
C.H. Robinson Worldwide began the third-party logistics reporting season with a 3.4% decline in profits for the fourth quarter compared with 2015 but fared better than the forecast outcome from industry analysts.
January 31, 2017Caterpillar to Move Headquarters From Longtime Home to Chicago
Caterpillar Inc. will move its global headquarters to the Chicago area from its longtime home in central Illinois this year, the company said on Jan. 31, as it continues to grapple with weak demand for its earth-moving equipment.
January 31, 2017Paccar Remains Profitable But at Lower Levels
Revenue and net income declined at global truck manufacturer Paccar Inc. for the fourth quarter and the year, but the Bellevue, Washington-based corporation did remain profitable in both periods.
January 31, 2017UPS Posts 27-Cent Quarterly Loss on Pension Adjustment
UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets, decreasing net income by $1.67 billion from what was an otherwise profitable period. For the same issue at the end of 2015, the charge decreased profitability by $79 million.
January 31, 2017California Town Vows to Rid Itself of Hanjin Shipping Containers by Year's End
Ontario, California’s legal team vows that hundreds of abandoned shipping containers, illegally stored at four industrial yards in the agricultural southern part of town, will be gone by the end of the year.
January 31, 2017Consumer Confidence Eases From More Than 15-Year High
Consumer confidence retreated in January from a more than 15-year high as Americans tempered their economic expectations and waited for President Trump and lawmakers to deliver on promises to boost employment and jump-start growth, data from the New York-based Conference Board showed Jan. 31.
January 31, 2017Roadrunner Admits to Accounting Error; Analysts Suspend Recommendations
Roadrunner Transportation Systems Inc. announced that it must fix quarterly and annual earnings reports from 2014 until the present due to accounting errors, just two months after the company admitted to miscalculating the leverage ratio on its debt.
January 31, 2017Allstate Peterbilt Group Acquires Harrison Truck Parts
A St. Louis Park-based truck parts and service company has expanded its footprint into Central Minnesota.
January 31, 2017Factory Activity in Upper Midwest Jumped in January
A measure of factory activity in the U.S. upper Midwest jumped in January, marking a third straight month of manufacturing growth in the region, a private survey released Jan. 31 showed.
January 31, 2017Employment Costs Rise Less Than Forecast on Benefits
U.S. employment costs climbed less in the fourth quarter than forecast, reflecting steady wage growth and the smallest advance in benefits in more than a year.
January 31, 2017