16 Mar China Cautions US Against a Trade War BEIJING - Chinese Premier Li Keqiang cautioned the U.S. against starting a trade war and positioned Beijing as a leading proponent of globalization at a news conference March 15, underscoring the extent to which Donald Trump's presidency has pushed China into a global leadership role. Read more...
16 Mar Housing Starts Climbed to Four-Month High in February Beginning construction of U.S. houses climbed to a four-month high in February, led by the strongest pace of single-family homebuilding in nearly a decade. Read more...
16 Mar Fewer Americans Filed Claims Last Week for Jobless Benefits Fewer Americans than forecast filed applications for unemployment benefits last week, underscoring a sturdy job market. Read more...
15 Mar Trailer Orders Rise in February as Cancellations Reach Five-Month High U.S. trailer orders climbed past 26,000 or about 24% higher, year-over-year, as cancellations increased to the highest level in five months, ACT Research Co. reported. Read more...
15 Mar Kenworth's T880 Now Available in All-Wheel Drive Kenworth Truck Co.'s flagship construction truck, the T880, now is available in an all-wheel drive configuration. Read more...
15 Mar New York's Road Carriers Local 707 Pension Fund Goes Insolvent The Road Carriers Local 707 Pension Fund in Hempstead, New York, has gone insolvent and received protection by the Pension Benefit Guaranty Corp. to issue benefits to retirees. Read more...
15 Mar Volvo Trucks Adds Safety Features to I-Shift Automated Manual Transmissions Volvo Trucks North America introduced safety and performance features Auto Neutral and Paver Assist for its Volvo I-Shift, I-Shift for Severe Duty and I-Shift with Crawler Gears automated manual transmissions. Read more...
15 Mar Homebuilder Confidence Rises to Highest Since June 2005 Confidence among U.S. homebuilders is the strongest since the mid-2000s housing boom as sales prospects improve despite rising mortgage rates, according to data March 15 from the National Association of Home Builders/Wells Fargo. Read more...
15 Mar Cowan Systems Purchases Dick Harris & Son Trucking Jim Harris, whose family owned Dick Harris & Son Trucking Co. Inc. for nearly 50 years, sold his business at the end of February to Cowan Systems, another family-owned company, which began in 1924. Read more...
15 Mar Retail Sales in February Post Smallest Gain in Six Months U.S. retail sales in February posted the smallest gain in six months, indicating a tempering of the consumer spending that's been carrying the economy. Read more...