Canadian Pacific's Wallace Takes Leave, Could Join Harrison Atop CSX
Mark Wallace, chief of staff at Canadian Pacific Railway Ltd., was put on a paid leave of absence on Jan. 27, prompting more speculation that Wallace and outgoing CEO Hunter Harrison will attempt to take over the reins at rival railroad CSX Corp. through private investor Paul Hilal of Mantle Ridge.
January 27, 2017Case Alleging Former Navistar CEO Misled Investors Moves Forward
A federal judge ruled on Jan. 25 that a civil case alleging Navistar’s former CEO misled investors about a failed engine technology can move forward.
January 27, 2017Roadrunner Reduces Delivery Times
Facing declining revenue and operating profits, the less-than-truckload wing of Cudahy, Wisconsin-based Roadrunner Transportation Systems Inc. has cut transit time for about a fifth of its freight by an average of 20%, an executive said Jan. 26.
January 27, 2017Trac Intermodal to Use Radial Tires on Chassis in Alabama
Trac Intermodal is changing the tires on its chassis in Mobile, Alabama, from bias ply to radial tires, which the company said will improve the performance and reliability for truck drivers.
January 27, 2017Consumer Sentiment Increased in January to 13-Year High
Consumer confidence rose in January to a 13-year high, reflecting ongoing optimism about post-election fiscal policies and their impact on economic growth.
January 27, 2017To Toll or Not to Toll Is Question for Trump Infrastructure Plan
The Brent Spence Bridge between Ohio and Kentucky carries twice as much traffic as it was built to handle — it’s 54 years old and functionally obsolete.
January 27, 2017Vnomics Introduces ‘True Fuel Score’ to Assess Driver Efficiency
Vnomics Corp. has introduced a more comprehensive driver scoring model for True Fuel, its fuel optimization platform.
January 27, 2017Caterpillar Sees Drag From Used Equipment as Miners Bounce Back
Ample used construction-equipment supplies and restrained spending from miners mean the commodities rebound won’t be giving much of a lift to beleaguered Caterpillar Inc., which forecast 2017 results that trailed analysts’ estimates. The shares fell.
January 27, 2017Capital Goods Orders Rose More Than Forecast in December
Orders for U.S. capital goods advanced more than forecast in December, showing businesses were adjusting investment plans amid prospects for stronger economic growth.
January 27, 2017Funded Miami Interstate Project Makes Trump’s Infrastructure List
A preliminary list of 50 public construction projects that the Trump administration is considering including in a promised initiative to renew the country’s deteriorating infrastructure has just one Florida project on it, but that job — the rebuilding of Interstate 395 in downtown Miami — is already budgeted and moving rapidly forward.
January 27, 2017