Transport Topics
US Steel to Eliminate 1,545 Michigan Jobs
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U.S. Steel Corp. warned of a fourth-quarter loss, announced it would shut down most of its Great Lakes Works near Detroit, lay off more than 1,500 workers and slash its dividend.
Goodyear Purchases Raben Tire to Expand in Midwest
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The Goodyear Tire & Rubber Co. announced it is expanding its company-owned presence in the Midwest by purchasing Raben Tire Co., based in Evansville, Ind., from affiliates of Palladium Equity Partners, a private equity firm.
Consumer Spending Bump Offset by Inventories in Revised GDP
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Americans’ spending grew by more than previously reported in the third quarter, a change offset by a drag in inventories that left economic growth at a still-healthy but unrevised 2.1%.
Trade War Turns Seasons Upside Down for Truckers at L.A. Port
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Some truck drivers at the Los Angeles docks are scrapping over leaner cargoes thanks to the trade war.
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