CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves
Class 1 freight railroad CSX Corp. on July 16 reported second-quarter net earnings of $870 million, or $1.01 a share, compared with $877 million, or $1.08 a share — a 1% dip from the same period a year ago.
July 22, 2019Transoft Solutions Acquires Keysoft Solutions
Transoft Solutions Inc., a provider of transportation engineering design and analysis software, acquired Keysoft Solutions Ltd., according to a July 22 news release.
July 22, 2019Canadian Pacific Reports Record 2Q Earnings
Canadian Pacific Railway Ltd. on July 16 reported record second-quarter revenues of nearly C$1.98 billion, a 13% increase from the $1.75 billion in 2018. Income also surged to $724 million or $5.19 a share, compared with $436 million or $3.05 a share in 2018.
July 22, 2019Diesel Drops 0.7¢ to $3.044 a Gallon as Oil Prices Hold Steady
The U.S. average retail price of diesel dropped by 0.7 cent to $3.044 a gallon, the Department of Energy reported July 22. Meanwhile, crude oil rose to slightly more than $56 a barrel during trading of West Texas Intermediate.
July 22, 2019Pennsylvania Turnpike Tolls to Rise — Again
The Pennsylvania Turnpike Commission has approved a 6% toll rate increase to keep pace with rising debt-service costs.
July 22, 2019Apple Continues to Stockpile Former Tesla Engineers
Apple Inc. has hired Steve MacManus, at least the third Tesla Inc. engineering executive to join the Cupertino, Calif.-based technology giant in the past year.
July 22, 2019Alliance Parts Expands Offerings, Retail Footprint
Alliance Parts, a unit of Daimler Trucks North America, announced it expanded its parts portfolio and increased its retail footprint with the goal of delivering parts in 24 hours or less.
July 22, 2019Papé Kenworth Northwest Adds Washington Location
Papé Kenworth Northwest announced it opened a 6,600-square-foot parts and service facility in Bellingham, Wash.
July 22, 2019Airgas Expands in Stockton, Calif., With New CO2 Plant
Airgas, an Air Liquide company and a U.S. supplier of industrial, medical and specialty gases, opened its new liquid carbon dioxide and dry ice facility in Stockton, Calif., on July 16.
July 22, 2019China Considers Plan to Boost Purchases of US Soybeans
The Chinese government is in discussions with state and privately owned soybean buyers over a plan to raise purchases of U.S. supplies, according to people familiar with the situation.
July 22, 2019