Transport Topics
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The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
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E-commerce giant Amazon.com is opening a third Chicago-area fulfillment center in Romeoville, Illinois. The company didn't receive any local or state tax breaks.
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UPS Inc. is considering a $106 million expansion of its ground hub in Lexington, according to state government officials.
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Second-quarter net income declined 31% at Saia Inc. and 49% at ArcBest Corp. as the trend toward lower earnings at most carriers persisted in a freight market both companies described as "challenging."
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