Sunday, April 22, 2018
Business
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.

FedEx boosts 1Q, yearly earnings forecasts

FedEx boosts 1Q, yearly earnings forecasts

NEW YORK — In another sign of confidence for the global economy, FedEx Corp. on Monday sharply raised its earnings outlook for its fiscal first quarter and full year.

Volvo returns to profit in Q2 as demand picks up

Volvo returns to profit in Q2 as demand picks up

STOCKHOLM — Swedish truck maker AB Volvo returned to a profit in the second quarter from a loss a year earlier, helped by a gradual pickup in demand and improved productivity, it said Thursday.

Forward Air Corp. 2Q profit almost triples

Forward Air Corp. 2Q profit almost triples

GREENEVILLE, Tenn. — Forward Air Corp., which provides air freight services to cargo carriers and airlines, said on Thursday that its second-quarter net income nearly tripled to $7.9 million as shipping volumes and prices rose.

Video Sponsors