Roadmaster Agrees to Buy Tri-State Assets
Roadmaster Group, Inc. has agreed in principle to acquire assets from Tri-State Motor Transit, in a transaction involving two companies that specialize in moving freight that requires high security levels.
March 4, 2016Freight Forwarder Marisol Opens El Paso Office
Freight forwarder Marisol International, a Roadrunner Transportation Systems Inc. unit, said it has opened a new office in El Paso, Texas, to enhance cross-border freight services.
March 4, 2016BNSF Fourth-Quarter Net Income Slips 6%
BNSF Railway, the railroad owned by investor Warren Buffett’s Berkshire Hathaway, reported net income for the fourth quarter slipped nearly 6% to $1.2 billion from $1.3 billion amid slowing demand for some freight, including crude oil shipments.
March 4, 2016SkyBitz Launches Chassis Tracking Device
Telematics provider SkyBitz said it is offering an intermodal chassis tracking device with the capability to track equipment movements in an effort to improve service and reduce delays.
March 4, 2016TRAC Intermodal Reports 2015 Profit, Reverses Year-Earlier Loss
Chassis provider TRAC Intermodal reported 2015 net income of $26.7 million, reversing a year-earlier loss of $3 million as revenue improved 10%.
March 4, 2016Trucking Loses 600 Jobs in February
The trucking industry lost 600 jobs in February, and the unemployment rate held at 4.9%, the Labor Department reported March 4.
March 4, 2016Carlton Retires as CEO of NITL; Hedrick Is Replacement
CEO Bruce Carlton, who has headed The National Industrial Transportation League for eight years, retired as of March 1 and will be replaced by Jennifer Hedrick in the role of executive director, the trade group announced.
March 4, 2016Trade Gap Widens More Than Forecast as Exports Slump
The U.S. trade deficit widened more than forecast in January as exports slumped to the lowest level in more than four years.
March 4, 2016FedEx Opposes CP-Norfolk Southern Merger, Adding to Backlash Against Deal
FedEx Corp. told U.S. rail regulators that it is against Canadian Pacific Railway Ltd.’s proposed merger with Norfolk Southern Corp., adding to a long list of shippers opposing the deal.
March 3, 2016Technician Shortage Is Focus of New TMC Chairman White
NASHVILLE, Tenn. — When the Technology & Maintenance Council annual meeting closes March 3, Douglas White Sr. will become the group's next chairman and take his turn at trying to wrestle with the technician shortage.
March 3, 2016