Velociti Expands Missouri Headquarters
Velociti, a transportation technology company, is expanding its Riverside, Mo., headquarters by 33,000 square feet.
May 23, 2017Diesel Price Falls 0.5¢ to $2.539 a Gallon
The U.S. average retail price of diesel dropped 0.5 cent to $2.539 a gallon, the Department of Energy said May 22.
May 22, 2017Senators Unveil Infrastructure Financing Legislation
Legislation that would establish an infrastructure investment bank that would facilitate access to private capital for new bridges, tunnels and freight corridors was unveiled recently by a group of senators.
May 22, 2017April a Strong Month for West and East Coast Ports
The top North American ports had another strong month in April as larger vessels begin to arrive and drop off more containers in a single stop than ever before.
May 22, 2017Gap Narrowing Between Contract Rates, Spot Market Prices, Report Says
The gap between spot-market prices and contract rates is closing, according to the latest Chainalytics-Cowen Freight Index, suggesting a rebound from a difficult February marketplace.
May 22, 2017Paccar to Launch Proprietary Axle for Construction and Vocational Segments
Paccar Inc. announced that it will introduce a new proprietary front axle for its Kenworth Truck Co. and Peterbilt Motors Co. brands in the third quarter, adding that the axle is designed for construction and vocational applications that support infrastructure investments.
May 22, 2017World’s Biggest Private Equity Manager Unveils $100 Billion Ambition for Infrastructure
Blackstone Group, the world’s biggest private equity manager, is eyeing more than $100 billion in infrastructure investments with a new strategy anchored by Saudi Arabia’s Public Investment Fund.
May 22, 2017Escalating Dockworkers' Conflict Threatens Swedish Economy
As a drawn-out labor conflict at the Nordic region’s largest port escalates, some of Sweden’s largest exporters are warning they may be forced to find alternative harbors abroad to safeguard shipments.
May 22, 2017Trump Budget Said to Include $200 Billion for Infrastructure
President Donald Trump will propose spending $200 billion in federal funds over 10 years to spur investment in the nation’s infrastructure, a senior Office of Management and Budget official said.
May 22, 2017Congressional Leaders Vow Action on Infrastructure
WASHINGTON — Legislation that would ensure long-term funding for infrastructure projects nationwide will make its way through the transportation committees in the House and Senate, the chairmen of those panels announced last week.
May 22, 2017