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Logistics News
Logistics

Railroads Close Tracks, Cut Jobs Across the Country as Coal Cools Off

Working in or around Conway Terminal, the sprawling testament to the might of the U.S. freight railroad system, it might be easy to forget the storm of troubles brewing at Norfolk Southern Corp.

Daniel Moore | Pittsburgh Post-Gazette
February 18, 2016
Government, Business, Safety, Logistics

Biden Calls for Increased Transportation Infrastructure Investment

Vice President Joe Biden called for greater public investment in transportation infrastructure during a Feb. 17 visit to a logistics yard east of  Memphis, Tennessee.

Daniel Connolly | The (Memphis, Tenn.) Commercial Appeal
February 18, 2016
Government, Logistics

N.Y. State Senator, UPS Oppose Rail Merger

New York State Sen. Kathleen Marchione and UPS Inc. are among those who are opposing the merger of Canadian Pacific Railway and Norfolk Southern Corp., according to letters on file with the Surface Transportation Board.

Eric Anderson | Times Union (Albany, N.Y.)
February 18, 2016
Business, Government, Safety, Logistics

NTSB Rips FMCSA on Crash

The Federal Motor Carrier Safety Administration was publicly criticized by the National Transportation Safety Board for “inadequate safety oversight of high-risk carriers” after an investigation of a fatal crash in Illinois in which fatigue was blamed.

David Elfin | Staff Reporter
February 15, 2016
Business, Government, Safety, Logistics

CP’s Quest for Norfolk Southern Intensifies

MIAMI — Canadian Pacific Railway Ltd. and Norfolk Southern Corp. have upped the stakes in a $30 billion battle for control of the U.S. railway, as the potential acquirer said it would take its case directly to NS shareholders.

Rip Watson | Special to Transport Topics
February 15, 2016
Government, Logistics

Biden to Highlight Freight-Rail Project During Memphis Visit

Vice President Joe Biden will travel to Memphis on Feb. 17 to highlight work on Norfolk Southern's Crescent Corridor freight-rail project.

Michael Collins | The Commercial Appeal, (Memphis, Tenn.)
February 12, 2016
Business, Logistics

CP to Drop Norfolk Southern Pursuit if Resolution Fails, CEO Says

Canadian Pacific Railway Ltd. is ready to end efforts to buy Norfolk Southern Corp. if shareholders of the U.S. railroad reject a resolution calling for merger talks, the head of the Calgary-based company said.

February 11, 2016
Business, Logistics

Maersk Profit Plunges as Oil, Container Units Suffer

A.P. Moeller-Maersk A/S reported an 84% plunge in 2015 profit after its oil unit was hit by lower energy prices and the container division got squeezed between sluggish trade growth and overcapacity. The shares fell the most in almost a year.

February 10, 2016
Logistics

CP Rail Said to Back Away From Norfolk Southern Proxy Fight

Canadian Pacific Railway is moving away from a proxy fight for Norfolk Southern Corp. but still plans to pursue a takeover of the U.S. carrier, a person familiar with the plan said.

February 9, 2016
Business, Logistics

XPO Logistics Suit Claims YRC Poached Execs, Stole Trade Secrets

XPO Logistics Inc. filed suit against YRC’s Freight unit, claiming that the company poached seven management employees, including two vice presidents, and stole trade secrets around the time that XPO was completing the acquisition of Con-way Inc.

Rip Watson | Special to Transport Topics
February 8, 2016
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