General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15.
June 15, 2021Extras
GM, Wabtec Agree to Make Electric and Hydrogen-Powered Trains
Concerns Mount Over CN, KCS Rail Merger as Timetable Set for Regulatory Review
The Surface Transportation Board is taking public comments until June 28 on the proposed multibillion dollar merger of Class I freight rail companies Canadian National and Kansas City Southern.
Cabinet Secretaries Launch Roadshow to Sell Biden Infrastructure Plan
Marty Walsh and a handful of other Cabinet secretaries have launched an ambitious travel schedule to promote the infrastructure plan and the larger Biden agenda.
GlobalTranz, Worldwide Express Announce Merger
GlobalTranz Enterprises and Worldwide Express are merging in a deal announced June 11, bringing together two non-asset-based providers of logistics services.
JBS Paid Hackers $11 Million After Hack Closed Plants
JBS USA said it paid $11 million in ransom to criminals responsible for the cyberattack that disrupted meat processing across North America and Australia, the latest high profile example of large corporations falling prey to extortion.
Connecticut Lawmakers Push Through New Tax on Trucks
The Connecticut General Assembly approved a bill that would impose a highway use fee on heavy commercial trucks.
Supply Chain to Remain Backed Up Until 2022, Experts Say
Imported cargo shipments to the U.S. are expected to remain at a record or near-record levels for several more months as consumer spending continues to restart the pandemic-damaged economy. But industry experts say all of that buying is clogging an already overtaxed supply chain.
Top Maritime Regulator Sees Shipping Snarls Lasting to 2022
The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs.
XPO Says GXO Spinoff Should Be Completed by Q3
XPO Logistics has moved up the potential timeline to complete a spinoff of its logistics operations into a separate company, and also has provided updated financial guidance that forecasts strong growth for the planned independent company.
Nations Set to Discuss Reducing Global Shipping CO2 Emissions
John Kerry wants to accelerate the decarbonization of the global shipping industry, which spews more carbon dioxide into the atmosphere each year than France and the U.K. combined.