Fourth-Quarter GDP Grows at 3.2% Rate
U.S. gross domestic product rose at a 3.2% annual rate in the fourth quarter, following a 2.6% expansion in the third quarter, the Commerce Department said Friday.
Oshkosh Reports Lower Profit in Fiscal 1Q
Oshkosh Corp. said Friday its fiscal first-quarter profit fell on lower sales volumes.
Hub Group’s Fourth-Quarter Earnings Grow
Logistics and intermodal firm Hub Group’s fourth-quarter profit jumped 25.7% to $12.5 million, or 34 cents a share, from $10 million, or 26 cents, a year earlier.
Intermodal Traffic Rises 6.2% for Week
Intermodal traffic increased 6.2% last week compared with a year ago, the Association of American Railroads reported.
Report Calls For Newark, JFK Airport Expansions
A study commissioned by the Port Authority of New York and New Jersey calls for major expansions at John F. Kennedy and Newark Liberty International Airports.