CSX Fourth-Quarter Net Income Falls; Weaker 2016 Results Expected
CSX Corp. reported fourth-quarter net income fell 5% to $466 million, or 48 cents per share, and announced that this year’s earnings are expected to trail 2015.
January 13, 2016Radiant Logistics to Repurchase 5 Million Shares
Radiant Logistics Inc. announced plans to repurchase as many as 5 million shares, or more than 10% of outstanding stock, to help attract more interest from investors.
January 13, 2016Fuel-Tax Hikes, Tolls, Crowdfunding Are Interstate Payment Options
WASHINGTON — Fuel-tax increases, electronic tolling and even crowdfunding were among the solutions proposed at a Transportation Research Board session on transportation funding Jan. 12.
January 12, 201640 Trucks, Cars Involved in Pileup on Snowy I-74
Six people were injured and Interstate 74 near the Indiana-Ohio border was shut down for 10 hours Jan. 12 when more than 40 vehicles were involved in two separate crashes following a snow squall. See photos, videos.
January 12, 2016XPO Units Face New Worker Classification Suit
A California law firm has asked a state court to certify a class action suit against Pacer Cartage and two other XPO Logistics businesses, claiming that the carriers misclassified drivers as independent contractors in the latest such case in the nation’s largest state.
January 12, 2016Researcher Says Truck Driver Health on the Decline
WASHINGTON — Longhaul and over-the-road truck drivers increasingly are unhealthy, a University of Utah occupational epidemiologist told researchers attending a Jan. 11 session at the 2016 Transportation Research Board.
January 12, 2016Baltimore Transport Hub Project Rebranded as Tradepoint Atlantic
A Baltimore project to create a transportation hub on the 3,100-acre site of a former steel mill has been rebranded as Tradepoint Atlantic in an effort to stress potential for international trade and cargo development and attract development.
January 12, 2016CSX Names Piacente to Lead Intermodal Unit
CSX Corp. named Dean Piacente as vice president of intermodal to replace William Clement, who has left the railroad, and also announced other management changes.
January 12, 2016Transervice Announces Southern California Freight Management Business
Transervice Logistics Inc. has created Transervice Integrated Solutions, a freight-management business operating in Southern California, to provide brokerage services and to help companies fill backhauls.
January 12, 2016Greenbrier's 1Q Net Income More Than Doubles to $69.4 Million
Greenbrier Cos.’ fiscal first-quarter net income more than doubled to $69.4 million, or $2.15 per share, as deliveries of intermodal and other rail equipment rose to 6,900 units during the period ended Nov. 30.
January 12, 2016