Transport Topics
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Parcel and logistics company UPS Inc. posted first-quarter increases in revenue and net income despite the mixed economic situation - nationally and internationally - and also acknowledged it might have to take a charge against earnings of about $3.5 billion related to a pension issue.
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Consumer spending rose less than forecast in March, wrapping up the weakest quarter in a year for the biggest part of the U.S. economy even as incomes accelerated.
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Paccar Parts, a unit of Paccar Inc., said it opened a new 160,000 square-foot parts distribution center in Renton, Washington, that is almost three times the capacity of its predecessor built in 1973. It will service dealers in the Northwestern U.S. and Western Canada.
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Consumer confidence fell to a seven-month low in April as Americans' expectations about economic growth dropped to the lowest point since September 2014.
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