12 May Workhorse Group's Revenue Soars, Along With Cost of Sales Electric vehicle manufacturer Workhorse Group Inc. reported higher first-quarter revenue yet remained unprofitable as cost of sales soared and operating expenses climbed by more than $1 million, compared with a year earlier. Read more...
12 May It's Back to Steady for US Economy as Retail Sales, CPI Rise Data released May 12 showed consumer retail purchases rose last month, albeit less than forecast, after a March gain that was revised from a decline, indicating the early-2017 slowdown was transitory. Read more...
12 May Four-Month High in Consumer Sentiment to Sustain Spending A four-month high in consumer confidence indicates Americans remain optimistic about their incomes, helping to support steady growth in spending this year, University of Michigan survey data showed May 12. Read more...
12 May Gain in Retail Sales Suggests Slowdown Was Temporary A pickup in U.S. retail sales last month adds to signs of steady consumer spending that will help propel the economy after a first-quarter slowdown, Commerce Department data showed May 12. Read more...
12 May Rebound in Consumer Prices Shows Inflation Stabilizing A rebound in U.S. consumer prices in April signals inflation is stabilizing, supporting the case for Federal Reserve policymakers to raise interest rates, Labor Department figures showed May 12. Read more...
11 May Uber Adds Trucking Brokerage Firm Amid Longhaul Push SAN FRANCISCO - Uber Technologies Inc. hired the team behind a Chicago transportation brokerage last fall as part of an effort to break into the longhaul trucking industry. Read more...
11 May Philadelphia Port Sees Growth in Cargo Imports Containerized freight in 20- and 40-foot boxes was up 28% in the Philadelphia port in April compared with the same month a year ago, port officials said. Read more...
11 May More Than 100 Members of Congress Call for Highway Trust Fund Fix With more than 100 colleagues joining him in urging the tax policy committee to ensure the solvency of the Highway Trust Fund this year, the leader of the subcommittee on highways is continuing to push for sustainable funding for infrastructure projects as Congress turns its attention to reforming tax policy. Read more...
11 May Uncertainty Clouds NAFTA Changes for Mexico Factories AUSTIN, Texas - Manufacturers in Mexico aren't as concerned about President Donald Trump's recent threats to dump or renegotiate the North American Free Trade Agreement as some recent public reports have suggested, according to executives speaking at a Transplace Symposium here. Read more...
11 May Maersk Soars as CFO Says Liner Business `Definitely' Improving Shares in A.P. Moller-Maersk A/S soared as the company behind the world's biggest container shipping liner pointed to an improvement in its transport business that it said wasn't yet reflected in first-quarter results. Read more...