Business
Business

Homebuilder Sentiment Remains Near Highest Level Since 1999

Luke Sharrett/Bloomberg News

Confidence among American homebuilders held steady in February near the highest level since 1999, suggesting that demand for housing is expected to remain strong, according to data Feb. 15 from the National Association of Home Builders/Wells Fargo.

Shelly Hagan | Bloomberg News
February 15, 2018
Business

Output at Manufacturers Was Unchanged for Second Month

Daniel Acker/Bloomberg News

U.S. factory output was unchanged in January for a second month after a run of healthy advances consistent with ongoing expansion in the industry, Federal Reserve data showed Feb. 15.

Sho Chandra | Bloomberg News
February 15, 2018
Business

Consumer Comfort Jumps Despite Stock-Market Turbulence

Getty Images

U.S. consumer sentiment jumped last week to the highest level since February 2001, indicating Americans were shaking off turbulence in the stock market, according to the Bloomberg Consumer Comfort Index.

Shelly Hagan | Bloomberg News
February 14, 2018
Government, Business, Fuel

Lawmakers Say Trump Supports 25-Cent Fuel Tax Increase to Fund Infrastructure

President Trump T.J. Kirkpatrick/Bloomberg News

President Donald Trump told lawmakers he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes to help pay for upgrading American roads, bridges and other public works, Sen. Tom Carper of Delaware said Feb. 14.

Bloomberg News
February 14, 2018
Government, Business, Logistics, TCA

Philadelphia Airport, in Effort to Bolster Shipping, Buys More Land

Philadelphia International Airport

A massive, mostly vacant land parcel beside Philadelphia International Airport could become a bustling shipping hub for everything from medicine to car parts under a plan to develop the site into a new air-freight complex serving a swath of the northeastern United States.

Jacob Adelman | Philly.com
February 14, 2018
Business, Technology, Equipment, Autonomous

In the Debate on Who Will Own Autonomous Cars, Hyundai Picks Uber

Mark Kauzlarich/Bloomberg News

As Google’s Waymo, General Motors Co. and others race to bring driverless automobiles to showrooms, the argument over who will buy cars in the technology era is getting louder.

Sohee Kim | Bloomberg News
February 14, 2018
Business, Technology

Rail Carrier Genesee & Wyoming Buys Stake in Cargomatic

Genesee and Wyoming P199 via Wikimedia Commons

Genesee & Wyoming Inc., a rail freight carrier with operations in North America, Australia and Europe, has purchased a stake in Cargomatic, a Long Beach, Calif.-based firm that uses a mobile app to connect shippers with local truck drivers.

Transport Topics
February 14, 2018
Business, Technology, Equipment, Autonomous, TCA

Autonomous Cars May Cut Workplace Deaths, Official Says

Leddertech

Transportation-related workplace injuries might be slashed over time as autonomous vehicles become more common, state leaders said at a workshop in Springfield, Ohio, on Feb. 13.

Matt Sanctis | Dayton (Ohio) Daily News
February 14, 2018
Business, Equipment

Medium-Duty Sales Build on 2017 Gains, Surpass 16,000 in January

Kenworth Class 6 K270 cabover trucks Kenworth Class 6 K270 cabover trucks (TruckPR/Flickr)

U.S. retail sales of medium-duty trucks in January surpassed 16,000 units, up 9.9% from a year earlier, WardsAuto.com reported.

Roger Gilroy | Staff Reporter
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February 14, 2018
Business, Fuel

No Verdict Yet in Pilot Flying J Fraud Trial

raymondclarkeimages/Flickr

CHATTANOOGA, Tenn. - After more than three days of deliberations, a jury deciding the fate of the former president of the nation’s largest diesel fuel retailer and three subordinates in a plot to rip off truckers still had not reached a verdict Feb. 14.

Jamie Satterfield | Knoxville (Tenn.) News-Sentinel
February 14, 2018

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