28 Mar GDP Declines in 4Q, Reflecting Consumer, Government Spending U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration. Read more...
28 Mar EPA Rushed Ethanol Plan so Trump Could Keep Pledge, Documents Show After President Donald Trump promised Iowa voters he would unleash high-ethanol gasoline, his administration fast-tracked a plan to lift summertime restrictions on the fuel, forgoing studies of its potential price tag and hastily ending a review of the measure. Read more...
28 Mar Smart, the Tiny Daimler Car That Refuses to Die, Heads to China Since its introduction two decades ago, the diminutive Smart has sat awkwardly alongside the imposing, autobahn-eating cars that have made Daimler AG the king of the road. Read more...
28 Mar Jobless Claims Fall to Two-Month Low Filings for U.S. unemployment benefits have fallen to a two-month low, suggesting the labor market remains healthy in data reflecting revisions going back to 2014. Read more...
28 Mar Trump Asks OPEC to Increase Oil Output to Keep Prices in Check President Donald Trump renewed his criticism of OPEC, saying the cartel should increase production because prices are getting “too high.” Read more...
28 Mar ZF Signs Definitive Agreement to Acquire Wabco ZF Friedrichshafen AG, a global supplier of mobility systems for commercial vehicles, passenger cars and industrial technology, announced it has entered into a definitive agreement to acquire Wabco Holdings Inc. for $7.1 billion, or $136.50 per share. Read more...
28 Mar Cab Comfort Crucial to Retaining Drivers, TMC Panel Says ATLANTA — Providing a comfortable and safe environment in truck cabs is critical when it comes to retaining and recruiting drivers. That was the main conclusion at a roundtable discussion called: “Spec’ing the Cab & Sleeper for Driver Comfort and Safety,” which was held at American Trucking Associations’ Technology & Maintenance Council annual meeting March 19. Read more...
27 Mar Norfolk Southern Breaks Ground on Atlanta HQ Railroad giant Norfolk Southern held a ceremonial turning of dirt March 26 to mark construction of the company’s new Midtown Atlanta headquarters, but the process of moving personnel from Virginia to Atlanta already is underway. Read more...
27 Mar Perimeter Solutions Acquires Idaho-Based Fire Response and Transportation Firms Perimeter Solutions, a St. Louis company that produces fire retardants and provides services to firefighting agencies, has purchased a group of companies in Post Falls, Idaho, that includes First Response Fire Rescue, River City Fabrication and H&S Transport. Read more...
27 Mar Ryder Appoints Scott Parker to Top Financial Post Ryder System Inc. announced the appointment of Scott Parker as chief financial officer. Read more...