Transport Topics
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A delayed Federal Reserve rate hike, turmoil in global equity markets ... and now increased expectations for a downturn in the United States.
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U.S. retail sales this holiday season will grow at a slower pace than last year, with consumers spending more of their disposable income on services than gifts, the National Retail Federation said.
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Logistics operator UTi Worldwide Inc. agreed to a $1.35 billion acquisition by DSV, a Danish supply chain and forwarding company, that marks the latest consolidation in that industry.
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The Department of Transportation's Federal Railroad Administration said the Feb. 16 derailment in Mount Carbon, West Virginia, was caused by a rail defect that was overlooked during two inspections.
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