Saturday, July 22, 2017
Business
AAR: Rail weathers recession, faces fed challenges

AAR: Rail weathers recession, faces fed challenges

WASHINGTON — Association of American Railroads President and CEO Edward R. Hamberger said Thursday that freight railroads are at a critical point in their history as the industry is facing new challenges from over-burdensome federal regulatory mandates that could seriously undercut the industry's ability to aid in U.S. economic recovery.

January wholesale prices jump 1.4 percent

January wholesale prices jump 1.4 percent

WASHINGTON — Wholesale prices shot up at double the expected pace in January, propelled higher by big increases in energy costs. The surprisingly large jump was viewed as a temporary blip and not the start of inflation problems, however.

Daimler posts $482 million Q4 net loss, disappoints markets

Daimler posts $482 million Q4 net loss, disappoints markets

STUTTGART, Germany — German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected loss on the year and sending shares down sharply.

YRC stockholders approve change related to notes

YRC stockholders approve change related to notes

OVERLAND PARK, Kan. — YRC Worldwide Inc. said Wednesday that shareholders approved steps to help the financially troubled trucking company complete the private sale of $70 million in convertible notes.

Fed: Unemployment will stay high over next 2 years

Fed: Unemployment will stay high over next 2 years

WASHINGTON — The Federal Reserve expects unemployment will stay high over the next two years because recession-scarred Americans are likely to stay cautious, making for only a moderate-paced economic recovery.

Good news: Housing construction up 2.8 percent in January

Good news: Housing construction up 2.8 percent in January

WASHINGTON — Housing construction, a flatbed trucking staple, posted a better-than-expected increase in January which pushed activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades.

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