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...
17 Apr Transport Topics Wins Eight Regional Azbee Awards WASHINGTON — Transport Topics collected honors in eight categories, including a gold award for its coverage of the 2018 Management Conference & Exhibition, as the American Society of Business Publication Editors handed out its 2019 Mid-Atlantic Azbee Awards on April 17. Read more...
17 Apr Army Corps of Engineers Takes Heat in Wake of Missouri River Flooding GLENWOOD, Iowa — The federal agency that manages dams along the Missouri River received stern criticism from several U.S. senators April 17 during a hearing held to examine the massive spring flooding that caused more than $3 billion in damage in the Midwest. Read more...
17 Apr Amazon Is Said to Prepare Closing of Chinese E-Commerce Store Amazon.com is preparing to close a Chinese online store that caters to mainland consumers, according to sources familiar with the matter. Read more...
17 Apr Growth Continues, but Risk of Recession Looms Larger, Economist Says ORLANDO, Fla. — Freight brokerage and third-party logistics firms can expect another year of positive business growth before facing an increased threat of recession, according to economist Noel Perry. Read more...
17 Apr Trade Gap Narrows to Eight-Month Low on Plane Exports The U.S. trade deficit unexpectedly narrowed to an eight-month low in February on a surge in civilian aircraft exports, which may come under pressure after the grounding of Boeing Co.’s 737 Max planes. Read more...