Tuesday, January 16, 2018
Business
Leading indicators drop in June as recovery slows

Leading indicators drop in June as recovery slows

NEW YORK — A gauge of future economic activity dropped in June, the second decline in past 3 months, suggesting the economic recovery will weaken.

New jobless claims jump from two-year low

New jobless claims jump from two-year low

WASHINGTON — New jobless claims jumped last week by the most since February, reversing the previous week’s sharp decline. The rise is partly a result of seasonal factors but also reflects the job market’s weakness.

Werner profits up 65 percent as freight loads grow

Werner profits up 65 percent as freight loads grow

OMAHA, Neb. — Truckload carrier Werner Enterprises Inc. said Wednesday that its second-quarter profit jumped 65 percent on higher pricing and increased revenue from a growing number of freight loads.

Knight Transportation 2Q earnings jump 26 percent

Knight Transportation 2Q earnings jump 26 percent

NEW YORK — Truckload carrier Knight Transportation said Wednesday its second-quarter earnings rose 26 percent as demand for trucks to move goods in many markets outpaced the number of trucks available.

Arkansas Best 2Q loss shrinks on better demand

Arkansas Best 2Q loss shrinks on better demand

NEW YORK — Arkansas Best cut its second-quarter losses in half, the less-than-truckload company reported Wednesday, with shipments picking up as the economy rebounds.

Eaton 2Q earnings surge on higher sales

Eaton 2Q earnings surge on higher sales

CLEVELAND — Diversified manufacturer Eaton Corp. reported a surge in second-quarter profits Wednesday as global sales increased 16 percent over the same period last year when the entire industry was hammered by the recession.

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