CEO Troy Clarke Adds Chairman Title at Navistar
Navistar International Corp. CEO Troy Clarke is now also chairman of the company’s board of directors, the original equipment manufacturer said Feb. 21.
February 22, 2017Trucking Futures Exchange Could Launch This Summer
DAT Solutions has teamed with TransVix to establish a futures exchange that’ll allow trucking companies, third-party logistics providers and shippers to hedge against uncertainty in spot market rates, a venture that could launch as early as this summer.
February 22, 2017Central Freight Agrees to Buy Wilson Trucking
Less-than-truckload carrier Central Freight Lines has signed a letter of intent to acquire Wilson Trucking Corp., also an LTL carrier, in a move to expand Central’s service territory into the Southeast.
February 22, 2017Trump's Trade Concerns? WTO Head Says Organization Can Handle It
The World Trade Organization has the tools to handle many of the trade concerns raised by President Trump, Director-General Roberto Azevedo said, seeking to calm worries that the new U.S. administration could usher in a new era of protectionism.
February 22, 2017New Jersey’s Bayonne Bridge Reopens, But Work Remains to Remove Old Deck
The Bayonne Bridge opened Feb. 20 in New Jersey after work was completed to raise the surface to 215 feet to ensure larger containerships can fit underneath and call the Port of New York and New Jersey.
February 22, 2017FHWA Releases $1 Million in Emergency Aid to Repair Nevada’s Storm-Damaged Infrastructure
The Federal Highway Administration on Feb. 21 announced it was making available $1 million in emergency relief funds for repairs to flood-damaged roads and bridges in Nevada.
February 22, 2017Trump’s P3 Support Concerns Anti-Toll Group
An infrastructure funding measure reliant on private capital coming from the Trump White House is worrisome to the country’s top anti-tolling group. Watch video with Stephanie Kane of the Alliance for Toll-Free Interstates.
February 22, 2017Southwestern States Considering Local Option Bills to Raise Money for Infrastructure
Frustrated over growing transportation needs that aren’t being filled with state dollars, legislators in Arizona and New Mexico are sponsoring bills that would allow cities and counties to vote to tax themselves to pay for infrastructure improvements.
February 22, 2017XPO Logistics Notches First Full-Year Profit Since 2011
XPO Logistics posted its first full-year profit of the Brad Jacobs era, with net income of $63.1 million, or 53 cents a share, compared with a $245.9 million loss in 2015, or $2.65, the company said Feb. 21.
February 22, 2017Existing Home Sales Rise More Than Forecast as Supply Drops
Sales of previously owned U.S. homes climbed for the fifth time in six months to the highest level since 2007, indicating housing-market momentum will extend into 2017, National Association of Realtors data showed Feb. 22.
February 22, 2017