Friday, January 19, 2018
Business
CSX sees 1-2 years before full shipping recovery

CSX sees 1-2 years before full shipping recovery

NEW YORK — The top executive at CSX Corp., the nation's third largest railroad, on Tuesday predicted it could take another year or two for shipping volume to recover to pre-recession strength.

Job openings drop in May as hiring stays weak

Job openings drop in May as hiring stays weak

WASHINGTON — Job openings dropped in May from the previous month and layoffs edged up, fresh evidence that employers are reluctant to add workers.

Trucking companies experience rise in business

Trucking companies experience rise in business

CHARLOTTE, N.C. — The phone rings at Atlantic Trucking Co. a couple hundred times a day lately, and terminal manager Lee Montgomery occasionally logs 12-hour shifts, taking orders and scanning rate quotes from his office off Sugar Creek Road.

Trucking-based indicator falls amid fears of double-dip recession

Trucking-based indicator falls amid fears of double-dip recession

MINNEAPOLIS, Minn. — The Ceridian-UCLA Pulse of Commerce Index (PCI) by UCLA Anderson School of Management tumbled 1.9 percent in June after its impressive 3.1 percent gain in May. Coming in the midst of other disappointing economic reports, the PCI’s drop seemingly reinforces the fear that the economy is on the brink of a double-dip recession, but further analysis tells a different story, according to PCI Chief Economist Edward Leamer.

Volvo, Mack report combined 2010-compliant vehicle orders over 10,000

Volvo, Mack report combined 2010-compliant vehicle orders over 10,000

Volvo Trucks North America and Mack Trucks Inc. report that combined, their orders of vehicles equipped with EPA 2010-compliant engines have surpassed the 10,000 mark.

Fed looks for ways to aid small business lending

Fed looks for ways to aid small business lending

WASHINGTON — Getting loans to flow more normally to small businesses is a critical ingredient to bolstering the economic recovery and reducing unemployment, Federal Reserve Chairman Ben Bernanke said Monday.

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