Kansas City Southern Reports Strong First-Quarter Earnings
Kansas City Southern, the smallest of the Class 1 railroads in North America, on April 17 reported first-quarter financial results that beat Wall Street’s expectations.
April 18, 2019Investors Pour More Money Into Warehouse Tech Startups
Flowspace, a technology firm that helps businesses manage warehousing and fulfillment services, received $12 million in funding from an investment group led by Canvas Ventures.
April 18, 2019Retail Sales Jump Most Since 2017 on Autos, Gasoline
U.S. retail sales jumped by the most since September 2017 as gains in motor vehicles and gasoline stations boosted sales, signaling consumers are giving the economy greater support.
April 18, 2019Editorial: Earth Day Salute to Cleaner Trucks
The launch of the Nikola Two tractor just days ahead of Earth Day — April 22 — was a fitting and, perhaps, deliberate gesture by the company to spotlight the trucking industry’s progress in improving its level of environmental responsibility.
April 17, 2019CSX Reports Record 1Q Results on Strong Volume Growth
CSX reported record first-quarter financial results April 16, thanks in part to the Jacksonville, Fla.-based railroad’s increases in freight delivery and lower operating costs.
April 17, 2019Transport Topics Wins Eight Regional Azbee Awards
WASHINGTON — Transport Topics collected honors in eight categories, including a gold award for its coverage of the 2018 Management Conference & Exhibition, as the American Society of Business Publication Editors handed out its 2019 Mid-Atlantic Azbee Awards on April 17.
April 17, 2019Army Corps of Engineers Takes Heat in Wake of Missouri River Flooding
The federal agency that manages dams along the Missouri River received stern criticism from several U.S. senators earlier this month during a hearing held to examine the massive flooding that caused more than $3 billion in damage in the Midwest.
April 17, 2019Amazon Is Said to Prepare Closing of Chinese E-Commerce Store
Amazon.com is preparing to close a Chinese online store that caters to mainland consumers, according to sources familiar with the matter.
April 17, 2019Growth Continues, but Risk of Recession Looms Larger, Economist Says
ORLANDO, Fla. — Freight brokerage and third-party logistics firms can expect another year of positive business growth before facing an increased threat of recession, according to economist Noel Perry.
April 17, 2019Trade Gap Narrows to Eight-Month Low on Plane Exports
The U.S. trade deficit unexpectedly narrowed to an eight-month low in February on a surge in civilian aircraft exports, which may come under pressure after the grounding of Boeing Co.’s 737 Max planes.
April 17, 2019