Union Pacific Corp., the largest U.S. railroad, posted first-quarter profit and sales below estimates as West Coast port congestion and slack coal demand caused carloads to decline.
April 23, 2015Extras
West Coast Port Gridlock Hampers Union Pacific Earnings
Intermodal Rail Traffic in US Rises to Highest Level This Year
U.S. rail intermodal traffic rose 8.1% in the week ended April 18 compared with the same week last year, the Association of American Railroads reported.
April 22, 2015Democratic Senators Introduce Bill to Delay Positive Train Control
Two U.S. senators have introduced a bill seeking to delay the implementation of positive train control, a safety system the nation’s railroads are supposed to implement by the end of the year.
Echo Global Logistics to Acquire Command Transportation for $420 Million
Echo Global Logistics Inc. agreed to buy brokerage firm Command Transportation for approximately $420 million to expand the buyer’s non-asset-based capabilities for truckload customers.
April 21, 2015Canadian National Railway Reports First-Quarter Profit
Canadian National Railway Co. reported first-quarter earnings that beat analysts’ estimates as growing demand for forest products and a weaker Canadian dollar buoyed revenue.
‘Internet of Things’ Will Boost Value of Global Supply Chain by $1.9 Trillion, Report Predicts
The expansion of connected technology will generate $1.9 trillion in revenue gains and cost reductions for the global supply chain and logistics industry over the next decade, according to a new report published by logistics provider DHL and information technology firm Cisco.
Tiger Cool Express Says New Investment Will Support Its Container-Fleet Expansion
Tiger Cool Express, a temperature-controlled intermodal carrier, said Wood Creek Capital Management has purchased an ownership interest in the company to support the “rapid” expansion of its refrigerated container fleet.
April 17, 2015LiveOnWeb Replay: New Top 50 Logistics Rankings and Analysis
Watch as five prominent figures from the logistics industry discuss our Transport Topics 2015 Top 50 Logistics Companies list and analyze the latest trends.
April 16, 2015US Rail Intermodal Traffic Rises for Week
U.S. rail intermodal traffic rose 2.3% in the week ended April 11 compared with the same week last year, the Association of American Railroads reported.
April 16, 2015CSX Reports 11% 1Q Earnings Increase
CSX Corp. reported first-quarter earnings rose 11% from a year ago, while Norfolk Southern Corp. said its first-quarter profit will be down about 15% from the first quarter of 2014.