Transport Topics
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Wholesale prices in the United States rose in November by the most since June as a pickup in profit margins at service providers more than offset cheaper costs of goods.
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Retail sales climbed in November by the most in four months as American consumers put to work some of the money saved from the cheapest gasoline since early 2009.
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Workhorse Group Inc., of Cincinnati, said it will use nearly $12 million from the sale of convertible notes and warrants to fund operations and begin deliveries of trucks to customers in early 2016.
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Logistics operator UTi Worldwide Inc. posted a slightly lower fiscal third-quarter loss of $32.7 million, or 34 cents per share, as ocean freight forwarding results weakened further at the company that has agreed to a $1.35 billion acquisition by DSV, a Danish supply chain and forwarding company.
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