Consumers drove the U.S. economy to better-than-expected growth in the third quarter, but a steep slowdown in business spending raised concerns about whether the strength in the expansion is sustainable.
October 26, 2018Search
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GDP Grows 3.5% on Consumer Spending
The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
October 26, 2018Trade Gap Widens in September; Business Equipment Orders Down Again
The U.S. merchandise-trade deficit widened to a record in September while orders for business equipment declined for a second month, adding to signs that an escalating tariff war is starting to constrain economic growth.
October 25, 2018New Jersey鈥檚 Sen. Robert Menendez, Bob Hugin Disagree on Infrastructure Funding
This November, if New Jersey voters elect Republican political novice Bob Hugin to the U.S. Senate, President Donald Trump鈥檚 chances of advancing an infrastructure funding agenda through Congress next year could improve.
October 25, 2018UPS, Seattle to Launch eBike Downtown Delivery Program
UPS Inc. and Seattle Mayor Jenny Durkan announced Oct. 25 the parcel delivery company will begin a pilot project aimed at reducing congestion downtown and addressing air quality concerns. Delivery drivers will use electric pedal-assist cargo bicycles with a customized modular trailer attached to the back of the bike.
October 25, 2018Hair Testing Provisions Enacted as Part of Opioid Measure
President Donald Trump on Oct. 24 signed into law legislation aimed at tackling opioid abuse.
October 25, 2018Top For-Hire Carriers Contribute to Freight Congressional Leaders in Midterms
UPS Inc. and FedEx Corp., the top two for-hire carriers in North America, have contributed to the re-election efforts of freight transportation leaders from both parties in Congress, according to a review of public records.
October 25, 2018Chevron Agrees to $160 Million Upgrade, Fines to End Pollution Probe
SAN FRANCISCO 鈥 Federal officials said Oct. 24 that Chevron Corp. has agreed to pay a nearly $3 million fine and spend $160 million on environmental improvements and upgrading oil refineries to resolve allegations the company violated pollution laws.
October 25, 2018Money-Losing Postal Service Hopes Trump Will Allow it to Alter Prices
A sobering review of the U.S. Postal Service by its inspector general finds that the agency鈥檚 ambitious 2015 鈥淲indow Change鈥 program, which saves money by slowing letter delivery and closing and consolidating mail-processing centers, has cost more and saved far less than planned.
October 25, 2018Glider Kit Study Drew 鈥業naccurate鈥 Conclusions, Tennessee Tech Finds
A misconduct investigation completed by Tennessee Technological University concluded that university researchers erred when stating in an industry-funded glider kit study that emissions from the trucks are as clean or cleaner than those from newer trucks.
October 24, 2018