Wednesday, January 17, 2018
Business
Orders for big-ticket goods fall 1 percent in June

Orders for big-ticket goods fall 1 percent in June

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow.

Paccar 2Q income soars on truck, part sales

Paccar 2Q income soars on truck, part sales

BELLEVUE, Wash. — Truck maker Paccar Inc. said Tuesday its net income soared in the second quarter as improving freight traffic spurred more demand for trucks and truck parts.

Norfolk Southern 2Q profit surges; hiring resumes

Norfolk Southern 2Q profit surges; hiring resumes

NEW YORK — Railroad Norfolk Southern Corp. said Tuesday that second-quarter earnings surged 59 percent, as shipments increased, prices rose and efficiency improved in the recovering economy.

Truck tonnage slips in June, offset by capacity crunch

Truck tonnage slips in June, offset by capacity crunch

ARLINGTON, Va. — The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.4 percent in June, although May’s reduction was revised from 0.6 percent to just 0.1 percent. May and June marked the first back-to-back contractions since March and April 2009. The latest reduction lowered the SA index from 110.1 (2000=100) in May to 108.5 in June.

Consumer confidence erodes amid worries about job market

Consumer confidence erodes amid worries about job market

NEW YORK — Americans' confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns about the overall economy and the back-to-school season.

New home sales up, but sales remain slow

New home sales up, but sales remain slow

WASHINGTON — Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes.

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