Business

American Trucking Associations' latest U.S. Freight Transportation Forecast projects a 35% rise in total freight tonnage between 2016 and 2027.

A South Korean court will receive bids by November on the sale of the marketing network of Hanjin Shipping Co.’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.

This week, Canada's ambassador to the United States said his fellow Canadian officials are within weeks of issuing a long-awaited request for proposals that will seek a team to build the Gordie Howe International Bridge and disrupt the Ambassador Bridge's long-standing bridge monopoly.

CSX Corp.'s net income fell 10% to $455 million, or 48 cents per share in the third quarter, hurt by declines of 8% in both volume and revenue.

Filings for U.S. unemployment benefits were at a four-decade low over the past two weeks as sales prospects encouraged employers to maintain headcounts.

Consumer sentiment advanced last week, after hovering close to the lowest level of the year, on more favorable views of personal finances, the economy and buying climate, according to figures from the Bloomberg Consumer Comfort Index released Oct. 13.

The federal Surface Transportation Board wants to know how many trains would run on the proposed Great Lakes Basin Railroad and also wants more details on its planned connection to the South Shore Freight Railroad.

The consequences of the Hanjin Shipping bankruptcy have led to a decline of 17% in cargo at the Port of Long Beach, California, the second-largest U.S. port and the largest port of call used by the ocean carrier.

The U.S. Department of Transportation awarded the Commercial Vehicle Safety Alliance and another nonprofit a grant designed to help improve the response to hazardous materials transportation accidents around the country. 

Load-tracking provider FourKites said it raised $13 million in Series A funding led by Bain Capital Ventures to expand its services.