Ceva Appoints Lorrain to Head New Ground Transportation Business
Ceva Logistics has appointed Jerome Lorrain chief operating officer of its newly created ground transportation business line, which will operate alongside its air, ocean and contract logistics services.
January 15, 2016Economic Growth in US Cracking Under Strain of Global Slowdown
Figures on retail sales and manufacturing Jan. 15 showed the world’s largest economy ended the year on a weak note, and the start of 2016 wasn’t better. The one saving grace was a pickup in consumer confidence, but that was mainly because households believed inflation will be low, making subdued wage gains look good by comparison.
January 15, 2016Wal-Mart to Close 154 US Stores, Affecting 10,000 Workers
Wal-Mart Stores Inc. plans to close 154 stores in the United States and 269 worldwide, including its experimental small-format Express outlets, in a push to streamline the chain that will eliminate 16,000 jobs.
January 15, 2016UTi Shareholders Approve Acquisition by DSV
Shareholders of UTi Worldwide Inc. overwhelmingly approved a $1.35 billion acquisition by Denmark’s DSV A/S, a move that is intended to broaden the buyer’s U.S. and overseas logistics capabilities.
January 15, 2016Heniff Acquires EZ Alternative to Expand Bulk Chemical Services
Heniff Transportation Systems, headquartered in Oak Brook, Illinois, has acquired EZ Alternative Transport, to expand the buyer’s chemical bulk hauling capabilities in Texas.
January 15, 2016Consumer Sentiment Rose in January to 7-Month High
Consumer confidence rose in January to the highest level in seven months as low inflation helped support households, whose outlook for wage gains remained subdued.
January 15, 2016Factory Production Declines for Second Month
Factory production declined in December for a second month as a stronger dollar and softer U.S. and global growth pinch manufacturers.
January 15, 2016Engineers Give D.C.’s Infrastructure C-Minus Grade
Most Washingtonians know traffic congestion in the nation’s capital is atrocious, the Memorial Bridge is falling apart and potholes greet your car at nearly every intersection.
January 15, 2016Retail Sales Decrease to End Weakest Year Since 2009
Sales at U.S. retailers declined in December to wrap the weakest year since 2009, raising concern about the momentum in consumer spending heading into 2016.
January 15, 2016Obama Fiscal 2017 Budget to Request $4 Billion for Vehicle Automation
President Obama’s fiscal 2017 budget request will include nearly $4 billion over a decade for the development of automated vehicles, Transportation Secretary Anthony Foxx said Jan. 14.
January 14, 2016