167-Year-Old Railroad Tests Skies for Drone Age
BNSF Railway Co. is flying drones as far as 150 miles along the New Mexico desert to inspect tracks, helping the Federal Aviation Administration develop rules for operating unmanned aircraft beyond the pilot’s line of sight.
August 30, 2016Odyssey Logistics Constructing Transload Facility in Joliet, Illinois
Odyssey Logistics & Technology Corp. said it has begun construction of a new 121,680-square-foot metals transload facility in Joliet, Illinois. The facility will be operated by Odyssey’s subsidiary CMI Logistics.
August 30, 2016New Texas Nonprofit Advocates for Local Trucking Companies
A new nonprofit organization in Laredo, Texas, that aims to help and support trucking companies planned its grand opening for Aug. 30.
August 30, 2016S.C. Ports Authority Handles Its Largest Container Ship
The South Carolina Ports Authority said Aug. 30 it welcomed the APL Yangshan, the largest containership ever to call the Port of Charleston.
August 30, 2016US Moves Toward Anti-Dumping Duties on Truck Tires from China
WASHINGTON — Truck and bus tires from China were being dumped in the United States at below-market prices, a potential step toward the imposition of duties, the Commerce Department announced Aug. 29.
August 30, 2016GE Buys Software Company to Bolster Rail-Industry Supply Chain
General Electric Co. agreed to buy ShipXpress Inc., a cloud-based software firm, to bolster its supply chain offerings for railroad customers.
August 30, 2016Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead
Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears about their ability to meet future demand.
August 30, 2016Consumer Confidence Climbs to Highest Level in Nearly a Year
Consumer confidence increased to an almost one-year high in August as Americans became more optimistic about the labor market, according to a report from the New York-based Conference Board on Aug. 30.
August 30, 2016Seventh Largest Container Shipping Company One Step Closer to Bankruptcy
SEOUL — Hanjin Shipping Co.'s banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn.
August 30, 2016Diesel Average Rises 3.9¢ to $2.409, 10.5¢ Cheaper Than Year Ago
The U.S. diesel average price rose 3.9 cents to $2.409 per gallon last week, according to the Department of Energy, as the price of crude hovered near $47 amid speculation the glut of oil could be easing.
August 29, 2016