19 Apr Two Texas Oil Towns Among Metros With Fastest Population Growth Two Texas economies are reaping the benefits from the oil boom in the Permian Basin with people “voting with their feet.” Read more...
18 Apr Coal Prices Are Up, and US Miners Still Can’t Catch a Break The global coal markets have been on a tear lately. And America’s miners still are tanking. Read more...
18 Apr Sears Estate Sues Eddie Lampert, Claiming Illegal Transfer of Assets The bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and his hedge fund ESL Investments Inc., claiming they wrongly transferred $2 billion of company assets beyond the reach of creditors in the years leading up to the retailer’s bankruptcy. Read more...
18 Apr Blackstone Group CEO Stephen Schwarzman Sees US-China Deal, No Sign of Recession The CEO of the world’s largest alternative asset manager is confident the United States isn’t headed toward a recession any time soon and is certain the nation will strike a trade deal with China, Schwarzman said in a Bloomberg Television interview April 18. Read more...
18 Apr Kansas City Southern Reports Strong First-Quarter Earnings Kansas City Southern, the smallest of the Class 1 railroads in North America, on April 17 reported first-quarter financial results that beat Wall Street’s expectations. Read more...
18 Apr Investors Pour More Money Into Warehouse Tech Startups Flowspace, a technology firm that helps businesses manage warehousing and fulfillment services, received $12 million in funding from an investment group led by Canvas Ventures. Read more...
18 Apr Retail Sales Jump Most Since 2017 on Autos, Gasoline U.S. retail sales jumped by the most since September 2017 as gains in motor vehicles and gasoline stations boosted sales, signaling consumers are giving the economy greater support. Read more...
18 Apr USDOT Provides $9 Million for Emergency Repairs in Iowa Iowa’s transportation agency will receive federal assistance to repair flood-damaged roads. Read more...
17 Apr Editorial: Earth Day Salute to Cleaner Trucks The launch of the Nikola Two tractor just days ahead of Earth Day — April 22 — was a fitting and, perhaps, deliberate gesture by the company to spotlight the trucking industry’s progress in improving its level of environmental responsibility. Read more...
17 Apr CSX Reports Record 1Q Results on Strong Volume Growth CSX reported record first-quarter financial results April 16, thanks in part to the Jacksonville, Fla.-based railroad’s increases in freight delivery and lower operating costs. Read more...