Grupo Mexico to Buy Florida East Coast Railway for $2.1 Billion
Mexican miner Grupo Mexico said on March 28 it had acquired Florida East Coast Railway for $2.1 billion, a rare acquisition that comes as U.S. President Donald Trump has been trying to renegotiate trade ties between the two countries.
March 28, 2017Robots Are Slashing Wages and Worsening Pay Inequality
Robots have long been maligned for job-snatching. Now you can add depressing wages and promoting inequality to your list of automation-related grievances.
March 28, 2017Consumer Confidence Rises to Highest Since December 2000
Consumer confidence jumped in March to the highest level in more than 16 years, as Americans grew increasingly upbeat about both present and future conditions, according to a report March 28 from the New York-based Conference Board.
March 28, 2017Opinion: Regulation Rollback: Will Safety Suffer?
Throughout Donald Trump’s campaign for president, slashing regulations was a core theme. Many of President Trump’s Cabinet nominees are long-standing opponents of a heavily regulated business environment. I welcome this time to catch our breath. The rate of regulatory change in the trucking industry has been too rapid for many businesses to keep pace.
March 27, 2017Tonnage Down 2.8% in February From Year Ago
Truck tonnage dropped 2.8% in February year-over-year, reversing January’s positive momentum, but American Trucking Associations’ chief economist maintains that freight activity remained strong considering February 2016 was a record-setting month.
March 27, 2017Monthly Trailer Orders Up 24%, Passes 26,000
U.S. trailer orders in February pushed past 26,000, up 24% year-over-year, as dealers restocked and fleets continued to extend orders, experts said, adding that industry backlog is below last year’s pace and freight demand has not fully returned.
March 27, 2017Schneider Going to Wall Street With Share Price of $18 to $20
Schneider, the largest privately owned for-hire carrier in the United States and Canada, will become a publicly traded company as soon as April 5 with shares trading between $18 and $20, according to Bloomberg News and a company filing with the Securities and Exchange Commission.
March 24, 2017Container Shipping Lines Ordered to Testify in US Sector Probe
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on March 22.
March 22, 2017Push by Drivers to Unionize at XPO Spreads to New Jersey
The efforts of XPO Logistics less-than-truckload drivers to organize into unions have spread to Trenton, New Jersey, with 33 employees filing a petition with the National Labor Relations Board.
March 21, 2017New, Safer US Rail Cars Gather Dust Even as Ethanol Trains Grow Longer
While crossing a small wooden bridge in northwestern Iowa on March 16, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky as thousands of gallons of the biofuel leaked into the creek below.
March 20, 2017