Saturday, January 20, 2018
Business
Economic outlook is cautious even with spending up

Economic outlook is cautious even with spending up

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.

Consumer spending advances sharply but incomes lag

Consumer spending advances sharply but incomes lag

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.

Rail freight traffic continues to gain strength

Rail freight traffic continues to gain strength

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.

Universal Truckload Services’ 1Q profit soars

Universal Truckload Services’ 1Q profit soars

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.

Employee compensation index up 0.6 percent in first quarter

Employee compensation index up 0.6 percent in first quarter

WASHINGTON — Employment costs rose modestly in the first quarter, reflecting an acceleration in the cost of benefits such as pensions.

Daimler secures over 10,000 orders for new vehicles with SCR

Daimler secures over 10,000 orders for new vehicles with SCR

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.

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