Baker Hughes Joins Halliburton in Ida-Fueled Oil Services Hit
Another disappointment to jolt the oil services sector: Baker Hughes Co. reported a third-quarter earnings stumble that included pain from Hurricane Ida and a warning of hampered growth for oil demand.
October 20, 2021NHTSA Deputy Steven Cliff to Be Nominated as Administrator
A former California pollution regulator is being nominated to run the nation’s highway safety agency.
October 20, 2021Union Pacific, Unions Sue Each Other Over Vaccine Mandate
OMAHA, Neb. — Union Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus.
October 20, 2021CN Railway CEO Ruest to Retire
The embattled CEO of Canadian National Railway announced his retirement on Oct. 19, the same day the company posted financial gains during a third quarter that saw its attempt to merge with Kansas City Southern fall apart.
October 19, 2021Biden Focuses on Climate, Families in Trimmed $2 Trillion Plan
WASHINGTON — Scaling down his Build Back Better plans, President Joe Biden on Oct. 19 described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities — child tax credits, paid family leave, health care and free pre-kindergarten.
October 19, 2021Union Pacific Receives Cargo 24/7 Near L.A. Ports
Union Pacific Corp. has begun receiving trucks around-the-clock at its freight facility near the ports of Long Beach and Los Angeles, extending operating time by about 20 hours a week to help ease cargo congestion.
October 19, 2021Hub Group Acquires Choptank Transport
Intermodal and logistics company Hub Group announced it acquired Choptank Transport Inc., which was founded in 2000 and is a provider of non-asset refrigerated transportation solutions.
October 19, 2021Kansas City Southern Reports Mixed Q3 Earnings
Kansas City Southern reported mixed third-quarter financial results on Oct. 19, as the Class I freight railroad saw a 13% jump in revenue to $744 million, compared with $659.6 million a year earlier.
October 19, 2021Home Construction Declines 1.6% in September
SILVER SPRING, Md. — Home construction fell 1.6% in September as builders continue to be tripped up by supply chain bottlenecks.
October 19, 2021September Port Numbers Remain Strong as Leaders Address Congestion
The ports of Los Angeles and Long Beach are gearing up to operate 24/7 to clear the massive backlog of 20-foot-equivalent (TEU) containers as they pile up at the two Southern California ports and others on the Pacific and Atlantic coasts.
October 19, 2021