Port Tampa Bay to Expand Capacity, Expects 2016 to be 'Milestone Year'
Port Tampa Bay CEO Paul Anderson told port constituents Jan. 20 that his port will build more new berths, warehouses and cargo facilities on more land than almost any other port in the United States in coming years.
January 21, 2016Jobless Claims Increased Last Week to a Six-Month High
The number of applications for unemployment benefits unexpectedly increased last week to a six-month high, indicating tempered progress in the labor market.
January 21, 2016Washington, Baltimore Expecting up to 2 Feet of Snow
A storm moving through the Rocky Mountains will arrive on the East Coast on Jan. 22, possibly dropping 1 to 2 feet of snow on Washington and covering the area from the Mid-Atlantic to New York City and southern New England.
January 20, 2016FedEx to Build Distribution Center in Baltimore
FedEx Ground will build a 300,000-square foot distribution center in Baltimore at the Tradepoint Atlantic transportation and manufacturing hub on the site of a former steel mill, the developer announced.
January 20, 2016US Stocks Close Lower After Late-Day Rally
U.S. stocks surged back to pare the biggest one-day selloff in five months, with the Dow Jones Industrial Average cutting a loss of 550 points by two-thirds as investors speculated the rout that’s wiped more than $15 trillion from global equities has gone too far too fast.
January 20, 2016Union Leasing Buys Walser Leasing to Expand Commercial Truck Business
Union Leasing Inc. announced the acquisition of Walser Leasing to expand the buyer’s service offerings in the commercial truck business.
January 20, 2016Terminal Operator Exits Port of Oakland
A joint venture that includes terminal operator Ports America and Terminal Investment will cease operations at the Port of Oakland, California, officials said Jan. 19, dealing a blow to the East Bay cargo hub.
January 20, 2016Daimler Trucks to Return to Iran With Production, Sales Accords
Daimler AG reached preliminary agreements to restart sales and local production of trucks in Iran as the lifting of global trade sanctions opens the oil-rich Middle Eastern nation to European investments.
January 20, 2016'People Should Be Getting Ready:' Snowstorm Targets East Coast for Jan. 22
The odds are good a winter storm will bring the first heavy snow from Washington, D.C., to Boston starting Jan. 22, forecasters said.
January 20, 2016Housing Starts Unexpectedly Decline 2.5% in December
New-home construction in the United States unexpectedly fell in December, indicating the industry lost momentum entering 2016.
January 20, 2016