Transport Topics
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The U.S. economy expanded at a revised 2% annualized rate in the third quarter, buoyed by consumer spending as businesses struggled to sell to overseas customers battered by sluggish growth.
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UPS Inc. and FedEx Corp. may get some help from the weather and better coordination with online retailers as they move into the final days of a record Christmas shipping season.
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Cargo volumes continued to increase in November at Savannah, Georgia, where container cargo climbed 4.7%, and the combined ports of Seattle and Tacoma, Washington, whose 18% growth was affected by union contract-related activity.
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Truck tonnage in November continued on a slowing growth trajectory, rising just 0.2% last month in the face of still-high inventory and modest economic expansion, American Trucking Associations reported.
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