Transport Topics
Manufacturing Shrinks by Most Since June 2009
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Manufacturing in the U.S. unexpectedly contracted in November at the fastest pace since the last recession as elevated inventories led to cutbacks in orders and production.
Oil Prices Predicted to Continue Decline in 2016
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Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets Dec. 4.
BMO Completes Acquisition of GE's Transportation Finance Business
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BMO Financial Group announced that it has completed the acquisition of General Electric Capital Corp.'s transportation finance business, which will be managed by its Chicago-based subsidiary BMO Harris Bank N.A.
Werner Increasing Pay for 1,400 Drivers
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Werner Enterprises Inc. is increasing pay for about 1,400 drivers by an average of $5,000, effective Jan. 1.
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