Truck Orders Fall in April
Orders for new Class 8 trucks plunged 39% from a year earlier and for a fourth consecutive month, reflecting a worsening freight shipping market.
The trade deficit narrowed in March as imports fell faster than exports, underscoring slow growth at home and abroad in the opening months of the year.
U.S. worker productivity fell in the first quarter, but wage growth advanced as a streak of solid job gains continued.
Teen clothing retailer Aéropostale Inc. filed for chapter 11 bankruptcy protection Wednesday and hurled accusations at Sycamore Partners, which controls both its largest secured creditor and one of its largest suppliers.
Australia’s Fortescue Metals can give Chinese speculators part of the credit for its being able to repay debt early and strengthen its buffer against iron-ore downswings.
Auto-parts supplier Delphi Automotive is rolling the dice on a 3-D graphics company’s ability to help enhance instrument panels as it reported strong first-quarter profit aided by an earlier acquisition.
The European Union approved French container-shipping giant CMA CGM’s $2.4 billion acquisition of Neptune Orient Lines on the condition the merged company withdraw the Singapore-based shipping company from a separate alliance.
The Port of Charleston will help exporters weigh containers to comply with a new regulation many shippers say would increase their costs
Outside firms track the potential impact of earthquakes, war and other disasters on global supply chains