Transport Topics
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Norfolk Southern Corp. announced it would restructure its truck/rail business known as Triple Crown Services, or TCS, and cut costs by moving to convert most of that unit's intermodal freight to container equipment.
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Senate Commerce Chairman John Thune said he would support House Republicans if they proceed with legislation that would fund transportation programs for three years, if that meant not passing a short-term highway-funding fix next month.
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Americans' expectations for the economy sank to a four-month low in September as households fretted about financial markets and a global economic slowdown.
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Initial jobless claims in the United States declined last week to the lowest level in two months, highlighting a resilient labor market.
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