Transport Topics Online will be closed Monday through Wednesday for the Christmas holiday. Please check back on Thursday, Dec. 27, for the latest trucking and freight transportation news.
Transport Topics Online will be closed Monday through Wednesday for the Christmas holiday. Please check back on Thursday, Dec. 27, for the latest trucking and freight transportation news.
Epes Logistics Services said Friday it has acquired Cargo Masters Inc., a freight transportation and logistics firm based in Charlotte, N.C. Terms were not disclosed.
Durable goods orders rose 0.7% in November, the Commerce Department reported Friday.
Consumer confidence fell to a five-month low in December, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
Personal spending increased 0.4% in November, the Commerce Department said Friday.
Oil finished the trading day Thursday at more than $90 a barrel – the first time it has closed over that level in two months, Bloomberg reported.
Talks between the International Longshoremen Association and East and Gulf Coast port operators stalled this week, with a contract deadline looming Dec. 29, after which the union could strike, the Associated Press reported Thursday.
Existing home sales rose 5.9% in November to a three-year high, the National Association of Realtors said Thursday.
Manufacturing activity in the Philadelphia region expanded in November, the Federal Reserve Bank of Philadelphia said Thursday.
Indian truck maker Mahindra & Mahindra Ltd. plans to purchase Navistar International Corp.’s stake in the two companies’ Indian joint venture for about $33 million.