Steel Expected to Struggle on China Tariffs
After two years of bumper profits, the steel industry is entering a slowdown. ArcelorMittal, as well as smaller European producers like Salzgitter AG and Voestalpine AG, are sounding the alarm about weakening conditions, particularly in China. The country, which uses about half of the world’s steel, is now expected to see a drop in demand, the first contraction since 2015.
February 7, 2019Mullen Group Takes Hit From Downturn in Oil Field Services
Mullen Group reported higher revenue and profits in the fourth quarter of 2018 despite a “market meltdown” caused by falling oil prices that curtailed demand for transportation services as the year ended.
February 7, 2019Port Authority in Pittsburgh Seeks $3 Million From Norfolk Southern for Derailment Costs
The Port Authority of Allegheny County in Pennsylvania is asking Norfolk Southern Corp. for $3 million to reimburse costs incurred during the August derailment at Station Square that disrupted light rail traffic for nearly three weeks.
February 7, 2019Werner Enterprises Posts Record Results
Werner Enterprises produced record revenue and higher profits in the fourth quarter of 2018 as a strong economy fueled demand for both its trucking and logistics services.
February 7, 2019Gas-Tax Hike Needed for Roads, Maintenance, Ohio Transportation Panel Says
After two meetings, a committee formed by Gov. Mike DeWine to study options for fixing a shortfall in money for road construction and maintenance has come to a consensus that the state gasoline tax needs to increase.
February 7, 2019Seattle Port Finds a Partner for Major Upgrade to Terminal
On Feb. 5, officials with the Northwest Seaport Alliance, the joint venture between the ports of Seattle and Tacoma, unveiled a tentative deal with Seattle-based Stevedoring Services of America Terminals, one of the world’s largest terminal operators, to manage a planned “big ship” loading facility on Terminal 5, just west of Harbor Island.
February 6, 2019Intermodal Volume Growth in 2018 Best in Five Years, IANA Report Says
Driven by tight trucking capacity and the threat of tariffs, intermodal volumes increased 5.6% in 2018, their highest growth in five years, according to the Intermodal Association of North America’s annual report.
February 6, 2019N.Y. Mayor Says Amazon Will Prevail as City Needs Tech
New York Mayor Bill de Blasio said he thinks Amazon.com will prevail in building its huge new campus in the city — despite an opponent being recommended to serve on a board with veto power over the transaction.
February 5, 2019FitzMark Acquires Reliable Source Logistics
Two Indianapolis-based freight brokerage firms, FitzMark Inc. and Reliable Source Logistics, are joining forces in a quest to build a global “logistics powerhouse,” company officials said.
February 5, 2019Truckers, Residents Voice Concerns Over Aging Syracuse Viaduct
AUBURN, N.Y. — U.S. Rep. John Katko held a town hall meeting regarding the fate of an aging viaduct in the center of Syracuse on Feb. 4, listening to concerns regarding the trucking industry, lakes, pollution and traffic.
February 5, 2019