CP Rail Agrees to Buy Kansas City Southern for $25 Billion
Canadian Pacific Railway Ltd. agreed to buy Kansas City Southern for $25 billion, seeking to create a 20,000-mile rail network linking the U.S., Mexico and Canada in the first year of those nations’ new trade alliance.
March 21, 2021XPO Sets GXO Logistics as Name of New Spinoff Company
XPO Logistics has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year.
March 18, 2021Congress OKs $1.9 Trillion COVID Relief Bill
WASHINGTON — The United States Congress has approved a landmark $1.9 trillion COVID-19 relief bill that takes aim at twin pandemic and economic crises that have upended the nation for the better part of a year. The package, which includes funding for transportation corridors, was signed into law by President Joe Biden on March 11.
March 10, 2021February Class 8 Sales Flat at 15,369
U.S. Class 8 retail sales in February were 0.6% lower compared with a year earlier, coming in at 15,369, WardsAuto .com reported.
March 10, 2021Top Bottlenecks Less Congested Last Year, but Infrastructure Needs Persist, ATRI Finds
Trucks moved more swiftly last year through sections of road that historically are choked with congestion, as the coronavirus pandemic kept vehicles off the road and freed up highways for easier movement of freight, the American Transportation Research Institute said.
February 24, 2021Tonnage Dips 2.1% Year-Over-Year in January
January truck tonnage fell 2.1% compared with year-ago levels, but ticked up 1.4% over December 2020 — a continuation of several months’ worth of sequential gains, American Trucking Associations announced.
February 23, 2021John O’Leary to Succeed Roger Nielsen as CEO of DTNA
Daimler Truck AG announced it appointed John O’Leary as the next president and CEO of Daimler Trucks North America, the leading truck maker in North America, effective April 1.
February 16, 2021Class 8 Retail Sales Rise 7.7% in January
Class 8 U.S. retail sales in January improved 7.7% compared with a year earlier, reaching 16,844 compared with 15,645 in 2020, WardsAuto .com reported.
February 10, 2021Amazon CEO Jeff Bezos to Step Down in Q3
Amazon.com founder Jeff Bezos will step down as the online giant’s CEO but will stay on as executive chairman, the company announced Feb. 2.
February 2, 2021Senate Confirms Pete Buttigieg as Transportation Secretary
The U.S. Department of Transportation has a new leader in Pete Buttigieg, a 2020 presidential candidate and the former mayor of South Bend, Ind.
February 2, 2021