Norfolk Southern Corp. on July 25 reported record second-quarter earnings.
July 25, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Norfolk Southern Reports Record 2Q Earnings
Traffic Jams Can’t Be Prevented, Says Washington State Transportation Chief
Highways won’t cure Washington state’s traffic woes and preventing congestion is impossible, said Roger Millar, head of the Washington state Department of Transportation.
UPS Reports Steady 2Q Income, Revenue
UPS Inc. reported solid second-quarter growth in revenue and profits despite charges taken for its voluntary retirement plan and efforts to upgrade the firm.
CIT Group Plans to Expand Capital Equipment Finance Team
In an effort to expand its leasing and financing solutions to all stages of the supply chain, CIT Group Inc. said July 19 it is creating a Logistics Finance unit within its existing Capital Finance Business division.
July 24, 2018CN Rail Taps Interim Boss as CEO After Network Logjams Ease
Canadian National Railway Co. named Jean-Jacques Ruest as president and chief executive officer, four months after he took over as interim leader.
Mexico Is Said to Push for NAFTA Agreement by End of August
Mexico is redoubling its efforts to reach a NAFTA agreement with the U.S. and Canada by the end of August to increase certainty for investors and take the heat off incoming President Andres Manuel Lopez Obrador, according to three people familiar with the negotiations.
Rare Hedge Fund Bet Targets the World’s Biggest Shipping Firm
A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds.
July 23, 2018Capitol Agenda for the Week of July 23: Come for the Plan, Stay for the Hope
Transportation Secretary Elaine Chao says hope is not lost for an intrastructure plan. Here's a look at the week ahead for trucking on Capitol Hill.
Missouri Sen. Claire McCaskill Pushes Back on Privatizing Postal Service
Restructuring the federal government to make it more efficient and accountable is an idea Missouri Sen. Claire McCaskill says she can get behind.
Freight Trains Get Go-Ahead to Travel Closer to Light Rail Line in Minneapolis
A major roadblock in Minneapolis involving how its Southwest light rail and freight trains operate close to one another has been resolved, freeing local transit planners to apply for nearly $1 billion in federal funds to help pay for the project.