28 Apr Economy Expands at Slowest Pace in Three Years The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling. Read more...
28 Apr CEOs Salivate Over Trump's Tax-Cut Plans, Vague as They May Be CEOs are keeping their fingers crossed that the skeletal details offered up by President Donald Trump's administration April 26 will turn into a concrete proposal to slash the corporate tax rate to 15% from the current 35%. That would free them up to invest and fuel economic expansion, they said in interviews and conference calls this week. Read more...
27 Apr Universal Logistics Profits Fall in First Quarter Despite Higher Revenue Profits at Universal Logistics Holdings Inc. fell 42% year-over-year despite 9.2% growth in revenue during the same period, which the company acknowledged was due to problems with a few of its large value-added programs. Read more...
27 Apr Mack Trucks Turning the Corner? Company to Hire 50 for Pennsylvania Plant Less than three months ago, Mack Trucks reported its weakest year of truck deliveries in six years. Now, it appears, the heavy-duty truck manufacturer with a massive assembly plant in Lower Macungie Township, Pa., is turning the corner. Read more...
27 Apr Did Daimler Test an 'Automated' Truck in Oregon? Not Exactly Did Daimler take a self-driving truck for a spin in Oregon late last year? Not really. Read more...
27 Apr UPS First-Quarter Profits, Revenue Rise UPS Inc. struggled with currency exchange rates but benefited from a new treatment in taxes and wound up with a 2.4% gain in first-quarter net income and a 6.2% surge in global revenue. Read more...
27 Apr Union Pacific Profits Up 9.5%, Easily Beat Forecasts Union Pacific's profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation. Read more...
27 Apr American Consumers' Economic Expectations Strongest Since 2001 Consumer confidence rebounded last week as Americans became the most upbeat about the economy since 2001, the Bloomberg Consumer Comfort Index figures showed April 27. Read more...
27 Apr Jobless Claims Rise to Four-Week High Amid Holiday Filings for U.S. unemployment benefits rose to a four-week high last week, interrupting a run of subdued firings, a Labor Department report showed April 27. Read more...
27 Apr South Carolina Senate Passes First Gas-Tax Increase in 30 Years The S.C. Senate passed a 12-cents-a-gallon hike in its gas tax the night of April 26 by a vote of 34-10, a veto-proof majority. Read more...