WASHINGTON — Factories are churning out more goods. Consumers are spending. Government aid is fueling construction activity. But stagnant pay and weak hiring will likely restrain the economic rebound in coming months.
WASHINGTON — Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest level in 18 months. A slight rise in incomes added to concerns that the recovery could weaken unless income growth increases more rapidly.
WASHINGTON — The Association of American Railroads said Thursday that rail freight traffic is continuing to gain strength as weekly carload volume was at its highest level since the first week of December 2008, and weekly intermodal volume reached its highest level this year.
WARREN, Mich. — Freight carrier Universal Truckload Services Inc. said Thursday that improvement in industrial sectors, especially the metals market, helped its first-quarter profit rise 14-fold from the same period a year earlier.
PORTLAND, Ore. — Daimler Trucks North America has announced that it has secured more than 10,000 orders for new vehicles equipped with Selective Catalytic Reduction (SCR) emissions technology.