FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
XPO Logistics Poised to Pursue Acquisitions Again
XPO Logistics Inc.’s CEO is on the hunt for takeover targets again after taking a two-year pause.
Did Your Package Get Dumped in Transit? Via Cloud, Now It Can Tell You
After Intel Corp. couldn’t find a device that indicated when sensitive chip-making machines tilted too much during shipping, the company decided to build one.
Greenbrier Surges as Rail-Car Maker Sees Recovery Next Year
Greenbrier Cos. jumped the most in four years as the railcar maker said a recovery in freight volume means 2018 earnings will be stronger than analysts have been expecting.
Earnings Turmoil Deepens at Railroads as Trucks Poach Freight
Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals.
167-Year-Old Railroad Tests Skies for Drone Age
BNSF Railway Co. is flying drones as far as 150 miles along the New Mexico desert to inspect tracks, helping the Federal Aviation Administration develop rules for operating unmanned aircraft beyond the pilot’s line of sight.
Fragile Economy Now Facing a Slowdown in Building Boom
At a quarry in Bridgeport, Texas, where rock is crushed, sorted and cleaned, it’s hard to tell that the nation’s construction boom may be hitting a wall.
Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains
Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.
Why Will the Feds Let Robots Drive Trucks but Not Trains?
Peter Mills sees an inconsistency. One arm of the U.S. Department of Transportation is recommending two-person crews be required for freight trains as another plans to spend billions to help develop driverless technology for longhaul trucks.
Two BNSF Freight Trains Collide in Texas on Busy Rail Route
Two BNSF Railway Co. freight trains collided June 28 in Texas, leaving at least one worker injured. Rescue efforts were under way for three other employees involved in the accident.