Wabtec Earnings Fall on Slumping Freight Market
Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.
February 21, 2017Trucking, Railroad Groups Want a Higher Federal Gas Tax: The Roadblock? Congress
As President Donald Trump and lawmakers in both parties roll out infrastructure plans, no one seems to be willing to consider the hottest, most vexing piece of that legislative puzzle: raising the federal gasoline tax.
February 21, 2017Infrastructure Legislation Back on Congress' Radar
President Donald Trump's pledge to bring massive investments in U.S. infrastructure projects showed new signs of life Feb. 17 after lying dormant for weeks, as leading Republican lawmakers said proposals from the administration could be in the offing.
February 21, 2017Illinois DOT Funds Freight Study for Will County Intermodal Transportation
Will County will receive a $750,000 grant from the Illinois Department of Transportation to create a comprehensive freight mobility study with a goal of making intermodal transportation safer and more efficient, officials said.
February 21, 2017Indiana Lawmakers: Gas Tax Increase Might Get Reduced In Senate
A final hike in Indiana’s gas tax may not be as high as a measure passed out of the Indiana House of Representatives last week, some Wabash Valley legislators say.
February 21, 2017South Korean Court Orders Shipping Giant Hanjin to Liquidate
A court in the South Korean capital, Seoul, declared struggling shipping giant Hanjin officially bankrupt on Feb. 17 and ordered the company to liquidate its assets.
February 17, 2017Port of Vancouver Commissioners Pass Resolution In Support Of New Bridge
Commissioners at the Port of Vancouver unanimously passed a resolution during the week ending Feb. 18 that supports the replacement of the Interstate 5 bridge.
February 17, 2017Missouri’s Need for Funds Drives Toll Talk Toward Dead End
The Missouri Highway 13 Corridor Coalition took stands against tolling Interstate 70 and for state legislators increasing the state fuel tax
February 16, 2017Amazon Wants to Drop Packages by Parachute
Amazon may have a new option for how it plans to deliver your packages by drone.
February 16, 2017Rush Enterprises Meets Wall Street Estimates
New Braunfels, Texas-based Rush Enterprises posted a profit Feb. 15 of 31 cents per share, matching Wall Street expectations. Fourth-quarter profit was $12.5 million, above analysts’ expectations of $12.3 million.
February 16, 2017