Intermodal Rail Traffic Rises for First Time in Seven Weeks
Weekly U.S. intermodal rail traffic rose 0.8% from the same period last year, the first increase in seven weeks, the Association of American Railroads reported.
December 9, 2015Chicago Freight Rail Bypass Gaining Steam, Founder Says
BRODHEAD, Wis. — A privately funded $8 billion freight rail proposed to bypass Chicago and connect to an existing line in Rock County is gaining steam faster than the founder expected.
December 9, 2015Supreme Court to Hear CRST Appeal in Sexual Harassment Suit
The U.S. Supreme Court on Dec. 4 agreed to hear an appeal by CRST Van Expedited Inc. that claimed the Iowa-based motor carrier was entitled to a $4.7 million award in a sexual harassment lawsuit brought by the Equal Employment Opportunity Commission.
December 9, 2015Get Ready for $2 Gasoline Again
U.S. gasoline pump prices are poised to drop below $2 a gallon for the first time in more than six years, which is sure to bring comfort and joy to drivers.
December 9, 2015Optimism Among Companies Eases in Second Half of 2015
Optimism among chief financial officers about the U.S. economy dimmed in the second half of this year, helping explain why companies plan to temper spending on equipment and hold more cash in 2016.
December 9, 2015New Jersey Democrats Support Pairing Higher Gas Tax With Cuts
Democrats who control the New Jersey Legislature are ready to back a proposal to increase the state’s gasoline tax in exchange for cutting other levies.
December 8, 2015Rep. Duckworth: Congress Must ‘Develop a Truly Sustainable and Long-Term’ Funding Fix for Transportation
WASHINGTON — Rep. Tammy Duckworth (D-Ill.) said her congressional colleagues should use the next five years to come up with a long-term funding fix for transportation projects.
December 8, 2015BDP Appoints New President, Launches New Business to Manage Supply Chain Functions
BDP International, a privately owned U.S.-based freight forwarder, announced executive changes and the launch of a new business to help shippers manage supply chain functions.
December 8, 2015DOE Expects Diesel to Average $2.67 a Gallon in 2016
The Department of Energy said it expects the price of diesel to average $2.67 a gallon in 2016 and gasoline to average $2.36.
December 8, 2015Canadian Pacific Revises Merger Offer; Norfolk Southern Rejects It Again
Canadian Pacific Railway revised its $28 billion offer to buy Norfolk Southern, offering the U.S. railway's shareholders a greater percentage of ownership and vowing to reduce their risk of losing money due to regulatory review, but the acquisition proposal once again was rejected.
December 8, 2015