Jobless Claims Decline to Lowest Level in Four Decades
The fewest Americans since 1973 filed for unemployment benefits last week, a sign that the U.S. labor market is getting tighter.
November 17, 2016Consumer Prices Increase for Third Consecutive Month
The cost of living in the United States rose for a third consecutive month, driven by fuel and housing and indicating that inflation is moving closer to the Federal Reserve’s goal.
November 17, 2016Housing Starts Surged to a Nine-Year High in October
U.S. new-home construction jumped to a nine-year high in October as an outsize advance in the number of apartment projects accompanied a strong pickup for single-family housing.
November 17, 2016Patriot Transportation Posts Higher Profits, Revenue in Quarter
Patriot Transportation Holding Inc. reported net income rose 32% after the trucking company was able to earn $1.3 million on the sale of an easement during the quarter.
November 16, 2016N.J. Bond Rating Downgraded After Fuel Tax Hike
New Jersey’s bond rating was downgraded from “A” to “A-“ on Nov. 14 by S&P Global Ratings in the wake of the state’s massive fuel tax hike that became law last month.
November 16, 2016Driver-Recruiting Software Firm Tenstreet Receives Equity Investment
Trucking software firm Tenstreet Inc. announced that it has received an unspecified investment from Spectrum Equity, a Boston-based investment firm, to support development of new products and to grow the business.
November 16, 2016Trump Team Floats ‘Infrastructure Bank’ Derided by Campaign
A key member of Donald Trump’s transition team said the incoming administration is exploring ways to fund bridge and road repairs, including the establishment of an “infrastructure bank,” a concept Hillary Clinton promoted and the Republican’s campaign derided.
November 16, 2016Port Manatee Expands Bulk-Fuel Operations
Port Manatee said fuel operations are undergoing significant expansion, with additional capacity and a long-term contract extension expected to further increase liquid bulk cargo volumes at the port while supporting growth of RaceTrac Petroleum Inc.’s fueling station presence in Florida.
November 16, 2016Detroit Extends Fault Code Coverage to Safety Systems
Powertrain manufacturer Detroit, a unit of Detroit Diesel Corp., said it extended the number of fault codes monitored by its integrated remote diagnostic system, Connect Virtual Technician, to include those generated by its suite of safety systems, Detroit Assurance.
November 16, 2016J.B. Hunt, EEOC Settle Religious Accommodation Case
J.B. Hunt Transport Services Inc. has agreed to pay four Sikh employment applicants a total of $260,000 in a settlement to end a complaint that they were denied a religious accommodation during the hiring process.
November 16, 2016