Monday, April 23, 2018
Business
Union Pacific 4Q profit falls 17 percent

Union Pacific 4Q profit falls 17 percent

OMAHA, Neb. — Union Pacific Corp. said Thursday its fourth-quarter profit fell 17 percent as the railroad’s efforts to improve productivity and limit costs could not offset lower shipping volume.

Initial jobless claims unexpectedly rise

Initial jobless claims unexpectedly rise

WASHINGTON — The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week, as the economy recovers at a slow and uneven pace.

Dec. wholesale prices edge up; home construction down

Dec. wholesale prices edge up; home construction down

WASHINGTON — Inflation pressures at the wholesale level eased in December as a drop in energy prices offset a big jump in food costs.

CSX 4Q earnings rise, but shipping volume falls

CSX 4Q earnings rise, but shipping volume falls

NEW YORK — CSX Corp., the nation’s third-largest railroad, said Tuesday the economy improved modestly in the fourth-quarter, but its shipping volume dropped from a year ago as demand for coal to produce electricity remained weak.

Navistar unit acquires Holley EGR valve technology

Navistar unit acquires Holley EGR valve technology

COLUMBIA, S.C. — Navistar Inc. has acquired from Holley Performance Products Inc. rights to some of Holley’s valve technology for diesel engine exhaust-gas recirculation systems. Pure Power Technologies LLC, a Navistar company, will manufacture the advanced EGR valve at its Blythewood, S.C., plant.

Con-way Freight reengineers network, trims transit times

Con-way Freight reengineers network, trims transit times

ANN ARBOR, Mich. — Con-way Freight has launched a major network re-engineering that will cut transit times by one day to 460 U.S. destinations, while decreasing the company’s carbon footprint, the less-than-truckload carrier reports. The initiative is also designed to reduce re-handling and service exceptions and improve on-time delivery. Major lanes affected include those between Southern Texas and the Northeast, Chicago and Southern Florida, and Chicago and Southern Texas.

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