Transport Topics
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Manufacturing in the U.S. unexpectedly contracted in November at the fastest pace since the last recession as elevated inventories led to cutbacks in orders and production.
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Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets Dec. 4.
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BMO Financial Group announced that it has completed the acquisition of General Electric Capital Corp.'s transportation finance business, which will be managed by its Chicago-based subsidiary BMO Harris Bank N.A.
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Werner Enterprises Inc. is increasing pay for about 1,400 drivers by an average of $5,000, effective Jan. 1.
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