Business

Filings for U.S. unemployment benefits fell for a third week in the past four, showing a resilient labor market.

Kawasaki Kisen Kaisha, Ltd., or “K” Line, filed a lawsuit against APL Logistics Ltd. in a Tokyo civil court for comments the logistics firm made after the Hanjin Shipping Co. demise on Aug. 31.

Roadie, an Atlanta-based company which began service in central Ohio earlier this year, connects road-trippers with those who are looking for a way to ship a package, either across town or across the nation.

ZTO Express Inc., the first Chinese package-delivery company to list in the United States, said it needs to cut costs in China to maintain profit margins that exceed FedEx Corp.’s.

Federal railroad authorities reached an agreement with Union Pacific Railroad requiring improvements to the railroad’s inspection and safety procedures.

Contracts to purchase previously owned U.S. homes unexpectedly decreased in November on a sudden pickup in mortgage rates and limited inventory, according to figures released Dec. 28 from the National Association of Realtors in Washington.

Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, according to a report Dec. 27 from the New York-based Conference Board.

Oil traded near the highest since July last year amid optimism OPEC and 11 other producing nations will cut output as promised, helping eliminate a global supply glut.

Three weeks after telling state legislators that Wisconsin’s transportation system would “deteriorate” if an estimated $1 billion funding shortfall wasn’t eased, Wisconsin Transportation Secretary Mark Gottlieb resigned on Dec. 27.