25 Apr New-Home Sales Unexpectedly Rise to Highest Since July Purchases of new U.S. homes unexpectedly increased in March to an eight-month high, indicating housing demand remained strong at the start of the spring buying season, Commerce Department data showed April 25. Read more...
25 Apr Profits at Ryder Fall 32%, Miss Analyst Estimates by 2¢ Ryder System Inc. reported profits fell 32% in the first quarter compared with 2016 after a drop in demand to rent trucks and an overall weak used truck sales market continued into 2017. Read more...
25 Apr UPS Senior Executive Teresa Finley Retiring UPS Inc. announced that Teresa Finley, chief marketing and business services officer, is retiring after 34 years of UPS service. Read more...
25 Apr Swift Suffers in First Quarter as Profits Plunge 84% Swift Transportation reported profits plunged 84% in the first quarter compared with 2016 as truckload carriers suffered from continued excess capacity and lower contract prices than they had hoped for this year. Read more...
25 Apr Wabash Reports Lower First-Quarter Net Income, Revenue Trailer maker Wabash National Corp. reported lower net income and revenue for the first quarter amid fewer trailer shipments due primarily to timing issues. Read more...
25 Apr China Helps Make Caterpillar Great Again as Outlook Improves Caterpillar Inc., the iconic American machinery maker, is finally emerging from a four-year slump, thanks in part to China. Read more...
25 Apr Home Prices in 20 US Cities Accelerate for a Fifth Month Home prices in 20 U.S. cities accelerated in the year through February for a fifth month, while nationwide property values also picked up, according to S&P CoreLogic Case-Shiller data reported April 25. Read more...
24 Apr Cost-Cutting Efforts Raise Income at Rush Enterprises Truck dealership Rush Enterprises Inc. saw first-quarter net income climb and revenues dip, as truck sales industrywide, plummeted nearly 30% year-over-year amid challenging market conditions, according to the company. Read more...
24 Apr Platinum Equity to Buy American Traffic Solutions Platinum Equity has agreed to buy American Traffic Solutions, a company that provides red-light and speed safety cameras along with automated toll-payment and violation-management systems in the United States and Canada. Read more...
24 Apr Diesel Dips 0.2¢ to $2.595 a Gallon The U.S. average retail price of diesel slipped 0.2 cent to $2.595 a gallon as oil prices dropped below $50 a gallon and U.S. rig counts continued to rise. Read more...