November Trailer Orders Third Highest in History, FTR Reports
Net U.S. trailer orders in November exceeded expectations for the second consecutive month, rising to the third-highest monthly total on record, research firm FTR reported.
December 21, 2015Rail Cargo Drop Accelerates, Pointing to Weak Spots in Economy
A sharper decline in U.S. railroad cargo this quarter points to weak spots in the economy as a strong dollar crimps exports, retailers whittle down excess inventory and energy investment stalls.
December 7, 2015Carriers Utilize Specialized Equipment to Remove Snow, Ice From Trailer Tops
Heavy snow and ice buildup on trucks and trailers can sap fuel economy, add weight, damage the equipment and even create a safety hazard if it breaks loose on the road. To avoid these risks, trucking companies are using a variety of specialized snow-removal systems to clear the tops of their vehicles.
November 30, 2015October Trailer Orders Top 33,000
New trailer orders totaled 33,400 in October, the second strongest figure in 2015 despite dropping 30% from the same month a year earlier, which was the highest on record, ACT Research reported.
November 30, 2015Homes Evacuated as Second Train in Two Days Derails in Wisconsin
A Canadian Pacific freight train carrying crude oil through Wisconsin derailed on Nov. 8, knocking 13 cars off the tracks, spilling oil and leading 35 homes to be evacuated, in the state's second derailment in two days.
November 9, 2015Union Pacific Profit Tops Estimates on Cost Cuts as Cargo Drops
Union Pacific Corp. reported profit that beat analysts’ estimates after cutting costs as the railroad heads for its first annual drop in sales since the recession in 2009.
October 22, 2015Obama Won't Support Extending Deadline for Rail-Safety Equipment
President Obama plans to enforce a deadline for rail operators to install safety technology by the end of the year, despite warnings from railroads including Union Pacific Corp. and Amtrak that they can’t meet the mandate and would have to suspend some service without an extension.
October 8, 2015Wells Fargo to Acquire GE’s Railcar Leasing Business
Wells Fargo & Co., the world’s largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric Co. as the industrial giant retreats from financial services.
October 1, 2015N.Y., N.J. Ask US to Pay Half of $20 Billion Rail Tunnel
Govs. Chris Christie of New Jersey and Andrew Cuomo of New York want the federal government to pay half of a $20 billion commuter rail tunnel under the Hudson River.
September 21, 2015GAO Urges Congress to Allow Rail-Safety Deadline Extension
A U.S. watchdog office urged Congress to empower regulators to extend a Dec. 31 deadline for freight and passenger railroads to adopt new safety technology that could prevent major derailments and other deadly crashes.
September 21, 2015