Business

Canadian Pacific closed its acquisition of the Central Maine & Quebec Railway, the Alberta-based rail company said in a Dec. 30 news release.

Borden Dairy Co. filed for bankruptcy, becoming the second major U.S. milk seller to do so in two months as competitive pressures, declining consumption and falling profits made its debt load unsustainable.

Ram pickups surpassed the Chevrolet Silverado in U.S. sales in 2019 for the first time.

North American Class 8 orders rallied in December to reach about 20,000, FTR reported, citing preliminary data.

PROVIDENCE, R.I. — The global benchmark for crude oil rose above $70 a barrel Jan. 6 for the first time in more than three months, with jitters rising over the escalating military tensions between Iran and the United States.

Total Petrochemicals & Refining USA is the latest big freight shipper to accuse the four biggest U.S. railroads of price fixing by adding fuel surcharges to cargo prices.

The Marion County (Fla.) School District’s CDL program is about to hit a new gear now that a newly constructed truck driving pad is poised to open Jan. 10.

WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.

Software slowdowns and outages plagued some users of PeopleNet electronic logging devices sold by Trimble Transportation, but patches are now available.

Reverse logistics is part of retailers’ year-round operations, but returns ramp up during the holidays.