Sales of Existing Homes Unexpectedly Declined in August
Sales of previously owned U.S. homes unexpectedly declined to a six-month low in August, signaling that buyers are getting discouraged by a limited selection of properties that’s kept prices high, National Association of Realtors data showed Sept. 22.
September 22, 2016Consumer Comfort Gauge Falls to Lowest Since Mid-December
Consumer confidence fell during the week that began Sept. 12 to the lowest point since mid-December as Americans’ views of their financial situations and the buying climate deteriorated, according to figures from the Bloomberg Consumer Comfort Index released Sept. 22.
September 22, 2016Initial Jobless Claims Match Lowest Level Since April
Filings for U.S. unemployment benefits dropped the week ended Sept. 17 to match the lowest level since April, a sign the labor market remains healthy even as hiring moderates.
September 22, 2016Port of Virginia Signs Long-Term Lease for Virginia International Gateway Terminal
The Port of Virginia signed a new long-term lease for the Virginia International Gateway terminal, which paves the way to expand capacity at the nation’s sixth-largest port by volume.
September 21, 2016EZE Truck Holdings Merges with Farren International
EZE Truck Holdings, which owns several flatbed and heavy-haul companies, announced a merger on Sept. 20 with Farren International.
September 21, 2016Peak Shipping Season Results in Record-Breaking Month for Ports
The peak of shipping season in August produced record-breaking results for almost all of the top ports across the United States, covering the period before Hanjin Shipping Co. filed for bankruptcy protection Aug. 31.
September 21, 2016Hanjin Bankruptcy Tip of the Iceberg for Flailing Shippers
LOS ANGELES — For the past five years, top shipping companies pushed forward with fat investments in more and bigger vessels, even as signs of trouble piled up.
September 21, 2016Engine Coolants Hot Topic at Technology & Maintenance Council Meeting
RALEIGH, N.C. – The increasing use of lightweight aluminum in engines will likely bring with it a conversion to nitrite-free, organic acid technology coolants, according to a maintenance executive at an industry meeting here.
September 21, 2016Autonomous Starship Robot Makes First Delivery in San Francisco
Making shooing gestures with his hands, Ahti Heinla, an engineer who helped start Skype, stood on Balboa Street in San Francisco. “Can you come out of the way for the robots?” he said to an assembled scrum of journalists. “They’re programmed to not crash into people.”
September 21, 2016UPS to Open High-Tech Package Center in California
UPS said Sept. 21 it will open a new package center in Compton, California, equipped with its latest automation technology and state-of-the-art sorting equipment.
September 21, 2016