Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains
Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.
July 21, 2016Jobless Claims Unexpectedly Decline to Three-Month Low
The number of applications for U.S. unemployment benefits unexpectedly fell last week, reaching a three-month low, indicating the labor market remains steady.
July 21, 2016Dana Holding Corp. to Change Name to Dana Inc.
Commercial vehicle supplier Dana Holding Corp. will change its name to Dana Inc. effective Aug. 1 to reflect better how the company conducts its business in the global marketplace.
July 21, 2016FMCSA Delays Implementation of Unified Registration System
The Federal Motor Carrier Safety Administration said July 20 it is delaying for three months implementation of the final piece of the Unified Registration System intended to streamline the registration process and more closely monitor “reincarnated” carriers.
July 20, 2016Pennsylvania Turnpike Toll Rates to Rise Again
A year after raising its toll rates 5%, Pennsylvania’s Turnpike Commission announced on July 20 a 6% increase for 2017.
July 20, 2016Canadian Pacific Earnings Exceed Estimates on Cost Cutting
Canadian Pacific Railway reported second-quarter earnings that topped analysts’ estimates as the carrier reduced costs by cutting jobs and running longer trains to make up for a cargo slump.
July 20, 2016Think Tank Presses Presidential Candidates on Infrastructure
With the 2016 presidential contest capturing the country’s attention, a prominent Washington, D.C., think tank reminded the candidates to carry out pro-infrastructure plans when one of them enters the White House in January.
July 20, 2016AFN Logistics Buys LTL, TMS Assets From HA Logistics
Brokerage and supply chain operator AFN Logistics announced the purchase of less-than-truckload and transportation management system assets from HA Logistics Inc. to expand the buyer’s service capabilities.
July 20, 2016With Slumping Demand, Mack Trucks Plans Production Shutdowns
With heavy-duty truck demand sagging, Mack Trucks has scheduled several weeklong production shutdowns at its Lower Macungie Township, Pennsylvania, assembly plant.
July 20, 2016Freightliner Ousts General Manager of North Carolina Plant
During a tough time for the trucking industry, the Freightliner plant in Mount Holly, North Carolina, has gone through a leadership change this week.
July 20, 2016