The leadership of Kansas City Southern Railroad said on Oct. 16 the Class I railroad saw a 5.3% increase in third-quarter net income to $189.7 million, or $2.01 a diluted share, compared with $180.1 million, or $1.81, in the same period a year ago.
October 16, 2020Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
DOT Awards $220 Million for Port Infrastructure
The U.S. Department of Transportation awarded $220 million in grants to improve port infrastructure, including facilities used by freight vehicles.
October 16, 2020Shell Adds E-Fluids to Portfolio
Royal Dutch Shell announced it added Shell E-Fluids to its specialized fluids portfolio to support battery-electric and fuel-cell electric powertrains for commercial light-, medium- and heavy-duty vehicles.
October 16, 2020Minnesota DOT Completes International Bridge Replacement
The Minnesota Department of Transportation has completed the $39.3 million replacement of the Baudette/Rainy River International Bridge, which links north-central Minnesota to Ontario.
October 16, 2020J.B. Hunt Reports Year-Over-Year Rise in Q3 Earnings, Revenue
J.B. Hunt Transport Services posted increased earnings and revenue in the third quarter year-over-year, the carrier announced Oct. 16.
October 16, 2020GM to Rename Michigan Plant 鈥楩actory Zero鈥
DETROIT 鈥 General Motors Co. on Oct. 16 renamed its Detroit-Hamtramck Assembly plant 鈥淔actory Zero,鈥 a sign of GM鈥檚 deepening commitment to an electric future that insiders call 鈥渮ero zero zero.鈥
October 16, 2020Marten Reports 8.8% Climb in Earnings; Revenue Ticks Up
Marten Transport saw net income increase 8.8% during the third quarter of 2020, the carrier reported Oct. 15.
October 16, 2020Traton, Navistar Reach Agreement on $3.7 Billion Buyout
Traton SE announced Oct. 16 it had agreed to Navistar International Corp.鈥檚 condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker.
October 16, 2020Industrial Production Fell a Sharp 0.6% in September
WASHINGTON 鈥 U.S. industrial production fell 0.6% in September, the weakest showing since industrial output tumbled in the spring when the economy was slowed by widespread lockdowns resulting from the coronavirus.
October 16, 2020Retail Sales Rose 1.9% in September, the Fifth Consecutive Month of Growth
NEW YORK 鈥 Retail sales in the U.S. rose 1.9% in September, the 5th consecutive month of growth.
October 16, 2020Trending
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