Transport Topics
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The world's largest economy shrank in the first quarter, just not as much as previously estimated, with the help of a bigger gain in consumer spending.
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FTR's Shippers Conditions Index rose in April after a sharp decline the prior month, according to the firm.
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Sysco Corp.'s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge, who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants.
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MAN SE, the German truck maker owned by Volkswagen AG, plans to reduce the workforce of its European commercial-vehicle operations by about 5% to cut costs and revive profit.
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