02 Feb Productivity Gains Cooled Last Quarter; Labor Costs Rose Worker productivity in the United States cooled in the fourth quarter following the biggest jump in two years, resuming the weak efficiency gains that have plagued the expansion. Read more...
02 Feb Eaton Earnings Dip, Led by Vehicle Unit Eaton Corp. reported net income and revenue slipped for the fourth quarter and the full year as performance at its vehicle segment declined the sharpest. Read more...
02 Feb Filings for Jobless Benefits Fell to 246,000 Last Week Fewer Americans filed applications for unemployment benefits last week, marking 100 straight weeks of claims below 300,000. That's the longest streak since 1970 and indicates a healthy job market. Read more...
01 Feb Landstar Boosts Profits, Easily Surpasses Forecasts Landstar System Inc. profits improved 4.5% in the fourth quarter compared with 2015, besting estimates from industry analysts for one of the few bright spots among trucking companies during earnings season. Read more...
01 Feb Arconic Posts Fourth-Quarter Net Loss, Flat Revenue Aluminum parts supplier Arconic Inc. reported a net loss and flat revenue for the fourth quarter and similar results for the full-year period as the company began to operate as a stand-alone entity. Read more...
01 Feb Mack Logs Worst Year of Truck Deliveries Since 2010 In the cyclical heavy-duty truck market, what goes up must eventually come down, and that's exactly what happened to Mack Trucks in 2016. Read more...
01 Feb FedEx Touts Twin 33s at House Hearing on Infrastructure WASHINGTON - Allowing the freight industry to rely on twin 33-foot trailers nationwide would enhance productivity, safety and environmental efficiency, FedEx Corp.'s chief executive told a House transportation panel Feb. 1. Read more...
01 Feb Cargo Thefts Cost Businesses $114 Million in 2016 Cargo thefts fell for the third consecutive year in terms of reported incidents, but the value of the stolen goods rose 13.3% to $114 million, according to 2016 data from CargoNet. Read more...
01 Feb Specter of Global Trade War Rises as Trump Puts 'America First' World leaders aren't taking Donald Trump's trade barbs lying down. Read more...
01 Feb Volvo Results Improve for Quarter, Dip for Year Original equipment manufacturer Volvo AB reported a fourth quarter of improving revenue and net income to cap off a 2016 characterized by modest declines due to soft business conditions. Read more...